USD/ZAR 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
After reaching the highest level since at least 2009 of 11.4005, USD/ZAR commenced a gradual retreat that eventually pushed the pair into a bearish corridor restricted by two steadily converging lines.
Currently, USD/ZAR is vacillating at the 200-hour SMA at 10.7489 that is preventing the pair from decline to its 50-hour SMA at 10.7358. However, examining closer the location of the SMAs, we may conclude that the ‘golden cross' is highly likely in the foreseeable future thus if the pair manages to remain afloat in the hours to come it may get an impetus for a jump and may try to attain the upper boundary of the pattern.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 11 Mar 2014 07:57:03 GMT

EUR/USD 1H Chart: Descending Triangle

The most traded currency couple has shaped a descending triangle pattern that despite being relatively short, only 76-bar long, is worth examining now as the pair is unremittingly approaching the apex. EUR/USD is likely to reach this mark on March 12, meaning that the breakout is looming. At the moment, market players are moderately bullish on the pair, with almost

Tue, 11 Mar 2014 07:48:08 GMT

USD/DKK 1H Chart: Channel Down

Since early February, the U.S. Dollar has been losing ground against the Danish Krone and in the last days of winter it embarked upon shaping a wide channel down pattern that now is almost 150-bar long. The downside pressure, subject to which the pair has been for more than a month, has recently pushed USD/DKK to a three-year low of

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.