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MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 13.42 I expect the pair to be trading near 13.0200 towards the end of the forecast period which will conclude on the 1st of May, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
ImranMughal99's Blog
USDZAR
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 14.0002 I expect the pair to be trading near 14.1500 towards the end of the forecast period which will conclude on the 2nd of January, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
USD/ZAR UP TREND NEXT MONTH
Charts: 1 DAY,
The USD/ZAR has corrected sharply after trading inside its horizontal as visible in this daily chart (D1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the USD/ZAR to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
The USD/ZAR has corrected sharply after trading inside its horizontal as visible in this daily chart (D1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the USD/ZAR to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…