USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
USD/ZAR: correction has started
Information is not investment advice
It looks like USD/ZAR has overdone its increase in the short-term. The currency pair formed a bearish candlestick with a long upper wick on D1. It tested levels beyond the third weekly pivot resistance level but failed to stay there. As a result, we see a pullback to the downside. The first target for the decline is at 14.5215. The buying interest may re-emerge in this area.
Notice that South African President Cyril Ramaphosa announced the composition of his cabinet. This helped to calm down the nerves of investors worried because of the political delay. Notice that concerns about the US-China trade war will still hurt the market’s sentiment, so be reasonable with your sell targets.
Elizabeth Belugina
Similar
USD/CAD looks vulnerable
USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.
GBP/USD may go for resistance
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.
Popular
AUD/JPY: Risk keeps more cautious before NFP
Ichimoku Kinko Hyo AUD/JPY: The pair is trading below the cloud…
NFP: USD getting even stronger?
March's NFP is coming. Does it bring strength for the USD?
USD shows remarkable strength before NFP
Ichimoku Kinko Hyo CHF/JPY: The pair is trading above the cloud…
Choose your payment system
