Hello there,
The USDZAR is ranging below the 19.26763 resistance area and seems to aim for the 17.57160 low. Only when the price makes a lower high below 17.19152 will there be a potential trend change.
The market analysis suggests a bullish trend, despite the bearish price movement, indicating that the momentum is volatile and the bearish range is neutral.
It seems that emotions are playing a significant role in this market's behaviour, making it crucial to stay cautious and closely monitor the price action.
I will call it neutral.
* Be adaptable: Keep your trading approach under review so you can react to changing market conditions.
Happy trading,
K.
The USDZAR is ranging below the 19.26763 resistance area and seems to aim for the 17.57160 low. Only when the price makes a lower high below 17.19152 will there be a potential trend change.
The market analysis suggests a bullish trend, despite the bearish price movement, indicating that the momentum is volatile and the bearish range is neutral.
It seems that emotions are playing a significant role in this market's behaviour, making it crucial to stay cautious and closely monitor the price action.
I will call it neutral.
* Be adaptable: Keep your trading approach under review so you can react to changing market conditions.
Happy trading,
K.
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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.
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.