Technician

USDZAR Signs of an Impending Top

Short
FX:USDZAR   U.S. Dollar / South African Rand
1
The price maybe heading to an adjustment phase, after the major parabolic rally. Signs of technical exhaustion on price and momentum favors further downside correctional bias, and a potential short to medium term trend reversal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.