U.S. Dollar / South African Rand

Long

Updated

USDZAR Analysis

We had bearish momemtum on the weekly chart

Formation of flag pattern
Break of the flag pattern
We will now wait for retest of break and buy to the upside

TP1@ 14.68573
TP2@ 14.82020
TP3@ 14.9522

Note

Retest of breakout is currently happening. Time to look for buys at end of the exhaustion.

Note

USDZAR IS ON THE MOVE. IF YOU ARE IN ON THE TRADE YOU SHOULD BE SMILING

Note

DONE AND DUSTED

Also on:

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.