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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

22/01/2021 Market Analysis

Authored by TD Markets
22.01.2021
Market Analysis
0
2 min

ETHEREUM

Ethereum is testing the H4 demand zone within the ascending channel. Bullish momentum is still strong and a push higher to $1310 is the target.

BTCUSD (BITCOIN)

Bitcoin closed bearish and broke the previous low to extend the internal wave, however a bullish wave back to the previous high is needed to build the corrective structure that is forming on the daily timeframe, so as such a break and close above $32520 should indicate bullish momentum.

USD/CAD

USDCAD has rejected the bottom of the falling wedge and as such, a continuation pattern will see the market pushing higher to the top of the channel

GOLD

Gold has completed a bearish continuation structure and a further drop back to the start of the structure is the target.

Authored by TD Markets
22.01.2021
Market Analysis
0
2 min
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