Currencies Archive

    Medium Term Strategy: Forex Pair of the day USD/ZAR – the upside prevails The pair has rebounded above the strong horizontal support at 12.95 and remains on the upside. Moreover, the daily RSI has reversed up above its oversold area and remains well… Read more

Medium Term Strategy: Forex Pair of the day USD/CAD – rebound The pair has rebounded above the strong horizontal support and overlap at 1.28. Moreover, the daily RSI has rebounded above its oversold area. Further advance is therefore likely with a first target set at 1.3450… Read more

USD/ZAR – pulling back The pair has broken above its previous top and is currently posting a pull back but remains supported by the rising 50-days moving average. Moreover, the daily RSI is approaching its support. A rebound is therefore expected with a first target… Read more

Medium Term Strategy: Forex Pair of the day USD/CAD – pulling back The pair has posted a new high and is currently facing a pull back on the strong horizontal support at 1.28. Moreover, the daily RSI is approaching its oversold area. A rebound is therefore… Read more

Medium Term Strategy: Forex Pair of the day USD/ZAR – further advance The pair has rebounded above the strong horizontal support at 12.95 and remains supported by the rising 50-days moving average. Moreover, the daily RSI is well directed. Further advance is therefore likely towards the… Read more

Medium Term Strategy: Forex Pair of the day USD/CAD – further advance The pair remains on the upside and should post further advance as it is still supported by the moving averages. Moreover, the daily RSI stands above its neutrality area. Further advance is therefore likely… Read more

Medium Term Strategy: Forex Pair of the day USD/ZAR – end of the consolidation The pair retreated from a new high at 14 without validating any reversal sign. Thus, this consolidation is expected to come to an end soon, potentially around the 20-day moving average (MA),… Read more

Medium Term Strategy: Forex Pair of the day NZD/USD – further weakness The pair remains in a long-term down trend. The declining 20-day moving average is actively capping the pair and is offering strong resistance. The daily RSI stands below its neutrality area. As a consequence,… Read more

Medium Term Strategy: Forex Pair of the day AUD/USD – further weakness The pair remains on the downside as it remains capped by the 20 and 50-days moving averages as the RSI stands below its neutrality area. As a consequence, further weakness is expected with… Read more

Medium Term Strategy: Forex Pair of the day NZD/USD – further weakness The pair remains in a long-term down trend. The declining 20-day moving average is actively capping the pair and is offering strong resistance. The daily RSI stands below its neutrality area. As a… Read more