Hi there,
On USDZAR, it seems that we don't have much upward momentum left, do we? The price has reached the highs of the 19.31-19.55 area, and we might see a decline that could potentially mark the end of wave 4.
The Wave 5 is a bit tricky there; it may fall to the 18 area, which is a zone of interest, or it could potentially drop further down to 16.5.
Although prices may drop to 15.960 from the high of 17.174, my bias is in favour of 16.5, with two price targets at 18.5 and 18.0.
Happy trading and have a great week.
K.
Not trading advice.
On USDZAR, it seems that we don't have much upward momentum left, do we? The price has reached the highs of the 19.31-19.55 area, and we might see a decline that could potentially mark the end of wave 4.
The Wave 5 is a bit tricky there; it may fall to the 18 area, which is a zone of interest, or it could potentially drop further down to 16.5.
Although prices may drop to 15.960 from the high of 17.174, my bias is in favour of 16.5, with two price targets at 18.5 and 18.0.
Happy trading and have a great week.
K.
Not trading advice.
Trade active
Let's go.
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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.
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.