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USDZAR ANALYSIS

Long

U.S. Dollar / South African Rand (OANDA:USDZAR)

OANDA:USDZAR U.S. Dollar / South African Rand

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trendanalysis chartpattern indicator usdzar forex currencies signalprovider gold oil

USDZAR broke downtrend line and key level around 16.802
price above SMA 100
MACD shows strong bullish momentum
RSI in uptrend line
so its expect bullish momentum to resistance level 1 around 17.200
then to resistanc level 2 around 17.500

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Comments

Nice idea!

Thank you. Can you please do a chart on EUR/ZAR. I’m interested in your take.