การวิเคราะห์ทางเทคนิค

USDZAR market technical outlook

USD/ZAR

Daily chart:

Currency pair retained upward bullish potential causing active growth of the quotes. We see the pair at new highs and the growth might have further extension!

H4-chart:

Upper Bollinger band is broken pointing to a high probability of the quotes’ growth extension on the back of rising ADX readings. Possible targets are 15.3500 and 15.4000.  

H1-chart:

On hourly chart ADX didn’t reach trend zone so far making possible prior pullback to 15.2307-15.2650. Thus it’s an optimal zone for long trades today.

Expectations:

So, we expect a pullback to 15.2307-15.2650 and then continuation of growth in direction 15.3500 and 15.4000.

Trading recommendations:

Longs from 15.2307-15.2650 to 15.3500 and 15.4000.

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