A world of Trading assets

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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

24/02/2021 Market Analysis

Authored by TD Markets
24.02.2021
Market Analysis
0
1 min

SPX500

SPX500 is forming a short-term bearish trend within the overall bullish trend and currently looks set to continue the bearish trend. At the moment one more wave back to the previous low is possible.

USDCAD:

USDCAD is testing the resistance zone more one more bearish wave back to the previous low. An aggressive break below the counter-trendline will push the market back to the previous low.

XRPUSD (Ripple):

XRPUSD looks set to continue the short-term drop as it broke below the ascending trendline as well as forming a lower low. The breakout for the counter-trendline will push back to the previous low.

Authored by TD Markets
24.02.2021
Market Analysis
0
1 min
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