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

2022/01/17 Market Analysis

Authored by TD Markets
17.01.2022
Technical Analysis
0
2 min

EURJPY

EURJPY bounced at the bottom of the structure and is aggressively pushing up. The overall trend is still bullish and the recent structure is a continuation structure. The focus amongst traders is to the upside and will be looking for buying opportunities.

GBPAUD

GBPAUD is currently breaking above the resistance zone. This comes after the market failed to form new lower lows upon the rejection from the zone. Usually this sort of price action indicates that buyers are still interested in this market and will be looking for the resistance to turn into support before looking for long opportunities.

USDCHF

USDCHF is forming a descending channel structure and is currently bouncing from the support zone. The overall move to the downside is quite aggressive and is aligned with the structure. This is a good opportunity to the downside and traders will be looking for a retracement or a break and close below the support

Authored by TD Markets
17.01.2022
Technical Analysis
0
2 min
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