💡Don't miss the great buy opportunity in USDZARTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (14.7415).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDZAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 15.0992
TP2= @ 15.2928
TP3= @ 15.4861
TP4= @ 15.7403
TP5= @ 16.0805
TP6= @ 16.7300
SL= Break below S2
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Dollarrand
💡Don't miss the great buy opportunity in USDZARTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (14.7415).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDZAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 15.0992
TP2= @ 15.2928
TP3= @ 15.4861
TP4= @ 15.7403
TP5= @ 16.0805
TP6= @ 16.7300
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDZAR - FOMC Meeting today! (RAND Trade)FX:USDZAR
OVERVIEW
- Price is sitting below the Kumo cloud and Tenkan-sen below Kijun-sen (bearish)
- Chikou span has broken through kumo and we have a bearish twist of kumo = bearish bias on the pair
- A falling wedge has developed with and oversold stochastic which could ignite a move to R15 level . (bullish)
- We will be waiting for the FOMC rate decision tonight to take any further trades on the pair. A move below R14.50 will target the double top measured move.
- Movement in the pair affects many of the JSE's listed stocks.
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.