USD/ZAR trades in channel patterns

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The USD/ZAR currency exchange rate has been trading in two channel patterns. First of all, since early summer the pair has been surging in a channel up pattern. More recently, in late November the rate bounced off the upper trend line of the channel pattern and formed a smaller scale channel down.

At the end of January, the currency pair found support in the lower trend line of the channel up pattern and recovered. On January 31, the rate was approaching the resistance of the junior pattern and the 50-day simple moving average near 15.7300.

A move above the 15.7300 mark could result in the pair reaching the high level zone above the 16.0000 mark. Higher above, take into account the 2021 high levels at 16.2750/16.3750.

On the other hand, a decline would once again look for support in the lower trend line of the channel up pattern. Below the trend line, note the 200-day simple moving average near 14.8500.
Back to articles

Actual Topics

Mon, 31 Jan 2022 12:57:24 GMT

Silver trades near low level zone

Since July 2021, the price for silver has been trading between a support zone at 21.50/22.00 and the resistance of the 200-day simple moving average. In mid-January, the price bounced off the simple moving average near 24.60 and started a decline. On January 31, the commodity was approaching the 22.00 mark. A bounce off from the 21.50/22.00 zone would most likely

Fri, 28 Jan 2022 11:33:25 GMT

USD/NOK surges due to SMA

On January 13, the USD/NOK pair found support in the 200-day simple moving average, which caused a surge of the pair. Most recently, the surge was strengthened by the US Federal Reserve announcing US monetary policy tightening. In the case that the surge continues, to pair might aim at the 2021 high level zone of 9.1000/9.2000. A passing of

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.