EUR/JPY is on shaky ground
The euro is fundamentally weak
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
AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
Popular
EURNZD is in the overbought zone
Technical analysis of EURNZD
EURGBP got a boost
Will EURGBP continue its movement up?
EUR/JPY is on shaky ground
The euro is fundamentally weak
Choose your payment system
