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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.
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2021/08/02 Market Analysis

Authored by TD Markets
02.08.2021
Market Analysis
0
1 min

EURJPY

EURJPY is consolidating around 129.600 and 130.300 however structurally higher highs and higher lows have been created. Traders are anticipating the market to break and close above 130.300 as it is acting as resistance.


GBPCAD

GBPCAD is retracing to the demand zone after an aggressive impulse wave to the upside. There is a possible inverse head and shoulders forming on the daily that traders have identified and as such, any sell opportunities could be risky at this point. Traders are looking for long opportunities.


GBPCHF

GBPCHF is also retracing back to structure as well as the 50.0 and 61.8 fib zone where traders are anticipating the market to find a strong support zone around that area for possible long opportunities

Authored by TD Markets
02.08.2021
Market Analysis
0
1 min

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