USD/ZAR 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Albeit with a short delay, the 55-hour SMA pushed the USD/ZAR currency pair back into the 14.06-09 area, which puts it also above the 100-hour SMA for the moment. However, the risks are skewed to the downside, being that weekly and daily pivot points are going to continue putting significant bearish pressure on the American currency. After the 14.00 mark is eventually crossed, USD/ZAR will aim at 13.80 in the medium term where the pattern's lower trend-line is now located. On the other hand, the pair is oversold as market sentiment is short in 72% of all cases. It provides the green light for the bulls and they will try to send USD/ZAR above 14.12 and confirm the present bearish pattern.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 25 Nov 2015 13:49:12 GMT

AUD/USD 4H Chart: Broadening Rising Wedge

The Australian Dollar is set to surge in the nearest future, after it penetrated an important resistance in face of 200-period SMA at 0.7186. Along with that, both weekly and monthly pivot points were successfully crossed. Now the most important objective includes a breach of the Sep 18 high at 0.7280, followed by the Oct 12 high at 0.7383. SWFX

Wed, 25 Nov 2015 08:27:13 GMT

EUR/CAD 4H Chart: Descending Triangle

The outlook on EUR/CAD is currently bearish. The currency pair has remained in a strong down-trend since the end of September, and it has formed a descending triangle, which implies that demand for the Euro is weakening. We expect the price to close beneath 1.4150/27 and then continue going lower. The initial support will be at 1.4040 (weekly S2), but

Subscribe to "Fundamental Analysis" feed

Souscrire
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.