USD/ZAR Technical Analysis By Capital Street FX

USD/ZAR Technical Analysis By Capital Street FX

USDZAR

USDZAR Technical Analysis: Weekly Chart

In the weekly charts, USDZAR is trading in an up channel. USDZAR is currently trading above all SMA except MA (5).

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 17.50000 the resistance level is at 17.7593

USDZAR will trade in an up channel until there is a trend reversal. 

USDZAR Technical Analysis: Daily Chart

In the daily charts, USDZAR was trading in an up channel. USDZAR is currently trading above all SMA except MA (5).

RSI is in the neutral zone which indicates neutralness. MACD is currently above zero which indicates bullishness.

Its immediate support is 17.66000 the resistance level is at 17.66600

USDZAR was traded in a down channel before there is a downside breakout.   

How to Trade USDZAR this Week:

USDZAR will follow the uptrend until its trend reversal. So, remain bullish on USDZAR

TRADE SUGGESTION- BUY AT 17.66240, TAKE PROFIT AT 17.66600 AND STOP LOSS AT 17.66000.

About Author

Related posts

Leave a Reply