USD/ZAR 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/ZAR's bullish trend assumes that the Greenback will continue rallying in the medium term. The price is going to near the supply zone at 14.33/37 in the foreseeable future. According to 4H technical indicators, the attempt to cross it will be unsuccessful. Moreover, 71% of traders are holding short positions at the moment. Nonetheless, favourable outcome is likely to extend gains up to the pattern's upper edge at 14.5144. Daily aggregate studies see USD/ZAR even higher in the next 24 hours, but the closest resistance will be then represented by the weekly R3 at 14.8377. Meanwhile, a separate RSI indicator is neutral on all time frames and suggests the pair remains neither overbought nor oversold.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 12 Nov 2015 15:00:17 GMT

EUR/GBP 4H Chart: Channel Down

The second most traded cross of the Sterling, the one with the Euro, has been intensively losing ground since the second week of October. Overall decline amounts to 400 pips so far. Many market signals suggest that the downward tendency of the single European currency will be in place in the short term. At first, 4H and daily aggregate technical

Thu, 12 Nov 2015 08:05:13 GMT

USD/ZAR 4H Chart: Channel Up

There is a good chance the US Dollar will keep outperforming South African Rand in the future. The currency pair has formed a bullish channel, and most of the daily and weekly technical indicators are pointing north. USD/ZAR is expected to bottom our around 14.10 and start a new bullish wave that is to surpass the Nov 10 high.Alternatively, in

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.