A world of Trading assets

Blog

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

EURAUD & NZDCAD Up +100 Pips Respectively

Authored by TD Markets
22.03.2023
Technical Analysis
0
3 min

Today's analysis is dominated by the impressive gains of EURAUD and NZDCAD, which have both surged up by more than 100 pips. These impressive moves have caught the attention of traders around the world, as they seek to understand the driving forces behind these sharp upward movements.

In this article, we will explore the factors that have contributed to these gains and provide insights into how traders can take advantage of these trends. So buckle up and get ready to dive into the world of forex trading!

The EURAUD Performance

(UPDATE) - EURAUD hit the target

EURAUD retraced to the support zone and continued +140 pips back to the supply zone. This price action completed the trading opportunity and now traders are out of the market. At the moment the market is bouncing from the previous resistance zone around 1.61810. Traders are waiting for more price action to develop before identifying the next leg.

EURAUD & NZDCAD Up +100 Pips Respectively

Read More: What Is Forex

The NZDCAD Performance

(UPDATE) - NZDCAD hit the target

NZDCAD completed the bearish trading opportunity by rejecting the top of the channel and dropping +100 pips to hit the target. Traders are now out of the market and are waiting for more price action to develop before looking for more trading opportunities.

EURAUD & NZDCAD Up +100 Pips Respectively

The GOLD Performance

(UPDATE) - GOLD hit $2000

GOLD is back trading within a demand zone. This comes after the market hit $2000 and created a higher high. The overall structure and trend is still bullish and as such, traders are looking for more trading opportunities to the upside.

EURAUD & NZDCAD Up +100 Pips Respectively

Final Thoughts On Today's Analysis

Finally, EURAUD and NZDCAD up +100 pips respectively. GOLD hit $2000. They indicate possible trading chances for traders who are ready to capitalise on them. Looking for more information regarding our daily analysis? Follow our blog and subscribe to our YouTube channel today.

Authored by TD Markets
22.03.2023
Technical Analysis
0
3 min
TD Markets

Africa’s Most Trusted Broker

TD Markets provides you with access to the next-generation trading platform that brings a wealth of new features and enhanced performance to your trading experience, MetaTrader 5. This platform, easily accessible from any device, elevates your trading experience by providing a range of advanced features, including Advanced Trading Tools, Faster Execution, Expanded Market Access, Automated Trading, Depth of Market, and Enhanced Security.
Why TD Markets