USDCAD FUTURE TECHNICAL ANALYSIS & TRADE SIGNAL

forex technical analysis

USDZAR Technical Analysis: Weekly Chart

forex technical analysis

In the weekly charts, USDZAR is trading in a down channel.

It is trading below all SMA.

The immediate support is 14.4967 & the resistance level is at 14.8335.

USDZAR is trading in the down channel until there is trend reversal.

USDZAR Technical Analysis: Daily Chart

forex technical analysis

In the daily charts, USDZAR is trading in a down channel.

It is trading below all SMA.

The immediate support is 14.5288 & the resistance level is 14.7208.

USDZAR is trading in the down channel until there is trend reversal . 

How to Trade USDZAR this Week:

USDZAR will follow the downtrend until their trend reversal. So, remain bearish on USDZAR.

TRADE SUGGESTION- SELL AT 14.6442, TAKE PROFIT AT 14.5288 AND STOP LOSS AT 14.7208

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