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

2022/01/07 Market Analysis

Authored by root
07.01.2022
0
2 min

AUDCAD

AUDCAD just broke structure to the downside and is now on a bearish run. The overall daily trend is bearish and the H4 just confirmed a downtrend. The descending trendline is still holding firm and providing resistance and the impulse waves are aggressive. This price action indicates strength to the downside. Traders are waiting for shot opportunities and are targeting the daily low. 

GBPAUD

GBPAUD is back at the top. Structurally the market is bullish which means a break and close above the resistance will provide further upside confirmation. The other scenario is that a rejection on the resistance zone will offer short-term selling opportunities. Traders are patiently waiting for confirmation and direction.

NZDCAD

NZDCAD is very bearish. All structures has been broken to the downside and the market is maintaining a series of lower lows and lower highs. A break below the recent support and a retest will confirm further downside momentum and could see the visit to 0.831946. 

Authored by root
07.01.2022
0
2 min
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