REAL-TIME ANALYSIS: USDZAR
Time: 09:10am (SA)
Level: R15.81
Chart: 1H
The last line of yesterday's comment at R16.09 was: "Currently, support is being breached, suggesting bears attempting regain control of the price." Since, we have seen the pair in a bearish trend, trading through the prior breakout zone and trading at support of 22-25 Nov. From 8am thus morning, a long candle tail was formed, suggesting potential for a slowdown of the bearish momentum in place since midday yesterday. The 15.78-15.82 is a strong support zone as per the 1H chart, followed by R15.76. Currently, the pair also trades in a downward trending channel extending back to yesterday morning at 7am. Look for a break of this to signal a change in trend i.e. reversal back toward the 15.90/93 area.
Level: R15.81
Chart: 1H
The last line of yesterday's comment at R16.09 was: "Currently, support is being breached, suggesting bears attempting regain control of the price." Since, we have seen the pair in a bearish trend, trading through the prior breakout zone and trading at support of 22-25 Nov. From 8am thus morning, a long candle tail was formed, suggesting potential for a slowdown of the bearish momentum in place since midday yesterday. The 15.78-15.82 is a strong support zone as per the 1H chart, followed by R15.76. Currently, the pair also trades in a downward trending channel extending back to yesterday morning at 7am. Look for a break of this to signal a change in trend i.e. reversal back toward the 15.90/93 area.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.