USD/ZAR 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
For a third consecutive day in a row, the USD/ZAR currency pair is still unable to bounce off the lower trend-line of the channel up pattern. The main resistance is currently provided by the 200-hour SMA, which is accompanied by the daily R1 today. At the same time, we assume the pair should consolidate above the weekly R1 at 11.74 in order to commence a further recovery, by rising in the direction of the pattern's upper trend-line. Still, according to hourly technical indicators, the US Dollar will succeed in gaining bullish momentum, while an advance may continue in the long-term as well. Meanwhile, a slight majority (53.60%)of SWFX traders are negative toward the Buck right now.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 23 Feb 2015 14:34:15 GMT

USD/SEK 4H Chart: Rising Wedge

The US Dollar/Swedish Krona currency cross formed a rising wedge pattern on a 4H chart, even though its boundaries are rather parallel, meaning that we are mainly dealing with a bullish channel. In addition, the trading range is decreasing on a very slight pace. Concerning the potential outlook, current location of important technical levels is speaking in favour of pair's

Mon, 23 Feb 2015 07:48:03 GMT

AUD/USD 1D Chart: Channel Down

The Australian Dollar is trending downwards against many of its counterparts, including the US Dollar. Given the current conditions, AUD/USD is in a good position to pierce through the 2007 low at 0.77 and descend to the lower boundary of the bearish channel at 0.74, even though the technical indicators are mixed.At the same time, 0.7927, where the monthly pivot

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.