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Further bullish pressure

Ucef Posted 31 Mar. as Analysis on USD/ZAR, Target: 14.0222, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bullish Bias #USD/ZAR #Channel Breakout #Fibo Expansion
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 14.0222.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price …
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Long term bias is still bullish

Ucef Posted 29 Feb. as Analysis on USD/ZAR, Target: 15.9652, Date: 1st of April, 12:00 GMT  in #Technical analysis #Harmonic Trading #Fibonacci Levels #Bullish Bias #USD/ZAR #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 15.9652.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigge…
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Ucef 29 Mar.

Update: This pair had a bullish momentum yesterday topped at a resistance line. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above some pivot levels.
And retesting some key trend line resistances. Immediate support is seen around the daily open. A clear break back below that area could lead price to neutral zone in nearest term but would keep the false breakout bearish scenario remain strong testing some trend line resistances.

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Ucef 29 Mar.

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