USD/ZAR 4Hour Chart: Channel Down

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Led by a channel down pattern, USD/ZAR came across 13.3543 which failed to give access to levels underneath, suggesting that the current downtrend might be losing momentum and a reversal could be on the way. A close above the upper trend-line at 13.5298 would likely result in a tap at 13.5957/6191 before a correction of the broken area. The surge will come across major risk at 13.7813/8233 and we will look for further signals if the level is reached. In case the double bottom turns out weaker than it appears, the rate will preserve the channel, setting 13.1571 as its next ultimate target.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 08 Nov 2016 16:07:25 GMT

CAD/JPY 4H Chart: Channel Down

As it is the US Election Day, and Trump and Hillary go head to toe in a battle for the presidency of the United States, that is all which is going to affect the markets today and in the next few trading sessions. Due to that a few interesting cases of trends are being looked at during today. First is

Tue, 08 Nov 2016 07:55:03 GMT

XAG/USD 1H Chart: Symmetrical Triangle

Technical aspects suggest that the XAG/USD consolidation has likely come to an end and built up bullish potential will manifest itself in a rally out of the month-long symmetrical triangle at 18.29. While it is hard to tell which area exactly will prove strong enough to cap the motion for a retracement, there are some potential targets in sight. The

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.