USDZAR - Analysis
The USDZAR is in a range between 18.40-18.90 and building energy for the next leg.
Currently there is an inverted head and shoulders pattern developing which could become a possibility if the major 18.90 level breaks, then the neckline tests.
I still have a target of R18.20 & 200dma open for test and favour that direction for now.
Currently there is an inverted head and shoulders pattern developing which could become a possibility if the major 18.90 level breaks, then the neckline tests.
I still have a target of R18.20 & 200dma open for test and favour that direction for now.
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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.