USD/ZAR 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/CHF 1H Chart: Channel Up Comment: USD/CHF is in a good position to extend last week’s recovery. The currency pair has recently formed a high-quality channel and broken through the long-term SMA to the upside, signalling that the US Dollar is likely to keep appreciating against the Franc. Accordingly, the base scenario is a rebound from 0.9770 and a subsequent up-leg towards the weekly R1 and the upper boundary of the pattern at 0.9820. However, there are arguments against the rally—the

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