Analityka techniczna

USDZAR market technical outlook

Daily chart:

Bullish inside bar is being formed at the area of dynamic 14.6336 (lower Bollinger band), that might allow the pair to recover towards middle Bollinger band (15.0188).


Local upward technical correction is also limited by the barrier in the shape of 15.0188 level (middle Bollinger band). Lower Bollinger band was broken earlier being a sign of probable continuation of decline after touch of the middle band.


We note the area of potential intraday long-trades - 14.7784 (middle Bollinger band). Target is 15.0188.


Downward pullback to 14.7784 and then growth towards 15.0188.

Trading recommendations:

  1. Longs from 14.7784 to 15.0188.

  2. Shorts from 15.0188.

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