". There is a possibility of temporary retracement to suggested support line (14.7415).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. USDZAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the...
USDZar has been dropping over the past few weeks and there now seems to be a change in that. Based on my entry criteria I have found an opportunity to capitalise on the move with an amazing risk to reward.Im planning to keep my risk low when it come to lot size because USDZar can be quite volatile.