Technical analytics

USDZAR market technical outlook

Daily chart:

Any rise of the quotes can be used for the search of new selling opportunities as lower Bollinger band (14.4051) still wasn’t tested.


Low activity of ADX indicator limits decline potential by support 14.5200 (lower Bollinger band).


We note borders of intraday flat 14.5908-14.6412 (Bollinger bands). Weak ADX activity is observed on all time-frames, therefore tendency for flat appears to remain in place.



Flat in the 14.5908-14.6412 range.

Trading recommendations:

  1. Short-term trades inside the 14.5908-14.6412 channel.

  2. Mid-term shorts in direction 14.4051.

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