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USD/ZAR up to 11.1895

General:
The pair is in a main uptrend but it couldn't pass the resistence level around 11.3523
Expected rate of the pair for 2n of January : 11.1895
Support: 10.9513; 10.8400
Resistance: 11.1895; 11.3523
On the weekly chart:
On the weekly chart i pointed out the main up trend and the 3 attempts by the price to pass the resistence level.
On the daily chart:
On the daily chart i pointed out the possible path that the price may make, i think it will hit again the resistence level and then it will …
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USD/ZAR down to 10.5272

General:
The pair is in a strong up trend, but the price formed a double top in a potential reversal zone, around 11.3813. Which is also an important resistance level.
Expected rate of the pair for 1st of December : 10.5272
Support: 10.9535; 10.78300; 10.66220; 10.5272
Resistance: 11.3813
On the weekly chart:
On the weekly chart i pointed out the up trend tunnel, which was valid for the last retracement, but after the price reached the 11.3813 level it may be not valid any more, and i think the …
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Stix avatar
Stix 22 Paź

It would be good - am not sure about the fundamentals ? :) :)

Shuael avatar
Shuael 22 Paź

Thank you, i actually didn't use any fundamental analysis to identify the possible target.:) And, sincerely, i'm not very good at it, i just used technical analysis :)

Shuael avatar
Shuael 19 Lis

Update: The price had a big retracement near the 10.78300 support level

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