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CAD/CHF 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/ZAR 4H Chart: Ascending Triangle Comment: The outlook on USD/ZAR is strongly bullish, as nearly all the studies are suggesting a rally. First of all, the overall trend is upward. Secondly, even though the pair has recently struggled with resistance at 16.93, the ascending triangle implies that demand is building up. Thirdly, the indicators in all three relevant time-frames are pointing north. Finally, the US Dollar is far from being overbought—71% of open positions are short. Accordingly,

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