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InvestingScope

USDZAR: The long term bearish outlook.

Short
U.S. Dollar / South African Rand (FX_IDC:USDZAR)  
InvestingScope  
FX_IDC:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators USDZAR USD ZAR DJ FXCM Index dollar southafricanrand RAND Forex Currencies
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trendanalysis chartpattern indicator usdzar usd zar usdollar dollar southafricanrand rand forex currencies
This pair is on a recurring bearish pattern sequence on the long term 1W chart. This mix includes a parabolic rise, which when it reaches a top, it develops a Channel Down on 1D (RSI = 37.566, Highs/Lows = -0.3871, BBP = -0.4893). This Channel Down is currently targeting 13.27600 and 12.800 in extension.



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