การวิเคราะห์ทางเทคนิค

USDZAR market technical outlook

Daily chart:

Quite intensive entrance of the price to the lower Bollinger bands is in progress. This opens room for further mid-term decline of the quotes in direction of 14.6070 (lower Bollinger band).

H4-chart:

A very strong trending ADX speaks to domination of sellers and probable break of support at 14.9251.

H1-chart:

On hourly chart also an intensive downward wave develops on the back of active ADX. We consider only shorts with target at 14.6070.

Expectations:

Decline in direction 14.6070.

Trading recommendations:

 

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