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EUR/AUD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/ZAR 4H Chart: Falling Wedge Comment: We should be wary of a potential bullish breakout this week. The currency pair is trading in a well-defined falling wedge, a pattern that portends a rise in demand. The key resistance is therefore the red trend-line. If the price closes above 15.94, this will be a strong argument in favour of the Dollar resuming the rally that started in October last year. However, there will still be tough obstacles in the way, namely the monthly pivot point at

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