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CAD/JPY 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/ZAR 1H Chart: Channel Down Comment: There is a bearish channel emerging in the one-hour chart of USD/ZAR. However, we do not expect USD to underperform any longer. The reason is a dense demand are at 14.50, where the nine-week down-trend intersects the 11-month up-trend. Additionally, the pair is strongly oversold—three fourths of positions are short. Accordingly, the pair is more likely to exit the pattern to the upside than to update the April 13 low. Once above 14.65, where we also have

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