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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

2022/02/14 Market Chat

Authored by TD Markets
14.02.2022
0
2 min

EURGBP:

EURGBP dropped +50 pips since the last commentary and is currently testing structure and the 61.8 fib level. Traders anticipate a push to the upside however there’s a possibility that the market can still drop down to 0.83370 because of the demand zone. Nonetheless traders will be interested in buy positions between 0.83769 and the demand zone.

NZDUSD:

NZDUSD rejected structure as well as the resistance zone and dropped back to the bottom of the structure. The overall trend is bearish, and a break and close structure will align with the trend and provide confluence to the downside. Traders are keeping an eye on short opportunities.

NZDJPY:

NZDJPY is back at the counter-trendline after rejecting the supply zone as well as the trendline. The overall formation is a bear flag which indicates there is bearish momentum in the market and as such, an aggressive break and close below the counter-trendline will continue the overall trend.

Authored by TD Markets
14.02.2022
0
2 min
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