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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

16/11/2022 Market Analysis

Authored by TD Markets
16.11.2022
Technical Analysis
0
2 min

EURJPY

(UPDATE) - EURJPY hasn't moved much since the last commentary, however, the market recently retraced back to the support zone and has rallied +90 pips to the upside. Traders are still bullish and have targets set at the previous resistance zone around 145.600

GBPNZD

(UPDATE) - GBPNZD price action has been messy in the last 24 hours. The market bounced from the previous low around 1.92000 and rallied up to the resistance zone around 1.93950 before aggressively rejecting the zone. At the moment the market has dropped back below 1.92825. Traders are still bearish and anticipate a short-term move back down to the support zone around 1.92000. A break and close below the zone will cause a drop back to the previous daily timeframe structural low.

NZDJPY

(UPDATE) - NZDJPY retraced back to the support zone and rallied up +50 pips. This is the sort of price action that traders were anticipating before identifying trading opportunities to the upside. Targets are still set at the resistance zone around 86.687.

Authored by TD Markets
16.11.2022
Technical Analysis
0
2 min
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