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2021/04/09 Market Analysis

Authored by TD Markets
09.04.2021
Market Analysis
0
1 min

GBPUSD

GBPUSD is struggling to reject the support zone as seen by the number of touches as well as forming a minor descending trendline. An aggressive break and close below the zone will see the market dropping further.


LTCUSD

Litecoin has rejected the support zone and has been forming higher highs to indicate short-term bull momentum. The completion of the bull flag will see a short-term rally to the upside. 


USDCAD

USDCAD broke and closed below the ascending channel however the market is rejecting the demand zone which could push the market to the upside.A break and close above the resistance zone will confirm upside momentum.

Authored by TD Markets
09.04.2021
Market Analysis
0
1 min

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