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A world of Trading assets

04/02/2021 Market Analysis

Authored by TD Markets
04.02.2021
Market Analysis
0
1 min

GBPAUD

GBPAUD has rejected the top of the structure by forming a triple top and breaking below the previous low which is indicating bearish momentum. A retest of the ascending trendline will push the market lower.

USDZAR

USDZAR broke above the descending channel after rejecting the demand zone as well as support trendline. The market is ready to rally back to R15.15 - R15.20.

XRPUSD (Ripple):

Ripple is currently testing a support zone. A rejection on the zone or once the gap as closed than we will see a rally to the upside.

Authored by TD Markets
04.02.2021
Market Analysis
0
1 min
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