USD/ZAR 1H Chart: Rectangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/ZAR's rally from 8.91 was stopped by a tough resistance area at 10.3447, but a sell-off that ensued was in turn limited by a formidable support line at 9.8418. Since then (450 hours ago) these two levels have been keeping the currency pair within a horizontal corridor, i.e. in a rectangle. This implies that eventually the U.S. Dollar should recommence its advancement, meaning that the support will likely remain intact, while the resistance will not be able to contain the price for long, also being that technical indicators on 4H and daily charts are bullish.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 04 Jul 2013 07:26:28 GMT

AUD/SGD 1H Chart: Channel Down

Over the past 260 hours the Australian Dollar has been generally depreciating. Its price has fallen from 1.2088 down to 1.1517 and, according to the pattern its has formed, even more losses may follow. However, before AUD/SGD reaches new lows, it is expected to undergo a bullish correction either up to 1.1705 (200-period SMA) or 1.1760 (down-trend resistance), since it

Wed, 03 Jul 2013 13:42:15 GMT

NZD/CAD 4H Chart: Triangle

A 126-bar long triangle, or a so-called symmetrical triangle, was formed on the May 29, when the pair dipped from 0.8464, level currently represented by a Fibonacci Retracement. The trading range is narrowing and the pattern is moving closer to its apex, as both trend lines will converge on July 26. According to the tools of technical analysis, the movement

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.