Upward movement
Dollar Rand has been bearish all week, but this seems to ceasing as there may be a slight shift of momentum. As long as price action is above 18.4500 it'll likely erase, this week's bearish momentum.
This is because price action is failed to continue to the downside by breaking this barrier. However if price action does settle below 18.4500, then the bearish move will continue.
This is because price action is failed to continue to the downside by breaking this barrier. However if price action does settle below 18.4500, then the bearish move will continue.
Trade active
The buy was successful. Now price action may hopefully continue the bearish move.
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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.