USD/ZAR 30M Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The US Dollar is moving northwards in ascending channel pattern against the South African Rand. The currency exchange rate just recently has rebounded against the pattern's lower trend line at 14.2885, and the rate is moving northwards. At the moment, the exchange rate is struggling with a resistance cluster put up by the weekly PP at 14.3199 and 200-period SMA at 14.3213. If the pair, breaks through the resistance, it will next face another resistance cluster around the level of 14.3650, where the 55 and 100-period SMAs are located at. Aggregate technical indicators forecast that the exchange rate will bounce off the resistance in the next hour. However, it is set to surge afterwards.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 28 Jul 2016 06:27:10 GMT

EUR/CAD 1H Chart: Channel Up

Our outlook on EUR/CAD is strongly bullish, as the pair has recently broken through the four-month falling resistance line and confirmed it as the new support. In addition, the technical indicators are mostly pointing north. Accordingly, we expect the price to rebound from 1.4520/20 and launch a new attack on a tough resistance level at 1.46, which proved to be

Wed, 27 Jul 2016 11:20:04 GMT

CHF/SGD 1H Chart: Channel Down

The Swiss Franc is in a channel down pattern against the Singapore Dollar, as the currency exchange rate has confirmed the pattern's upper trend line for the second time just recently. At the moment, the pair is in the middle of the pattern at 1.3666, and in accordance with the pattern, the Swiss Franc is set to depreciate against the

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.