 Impending Bearishness For The Usd/zar |
 Jul 3 2009, 9:40
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Here are our analyst picks
• Below are the hourly chart and 4-hour chart for the USD/ZAR. • The indicators used are the Slow Stochastic, RSI, and MACD. • Point 1: The Slow Stochastic on the 4-hour chart shows a bearish cross, signaling that the next move may be in a downward direction. • Point 2: RSI signals that the price of this pair currently floats in the over-bought territory, indicating downward pressure. • Point 3: The MACD on the hourly chart also support the downward direction. USD/ZAR 4-Hour Chart  USD/ZAR Hourly Chart http://www.forexyard.com/blog/en/wp-conten...hour-chart1.jpg |
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