ZAR
USDZAR ANALYSISUSDZAR is forming Head and Shoulders pattern
Price is based below resistance level at 17.5150
Below SMA 100
RSI is in downtrend
We r waiting price to break next support level and HVN at level 17.3238 to open short trade
It's expected for coming bearish movement to target key level at 16.8155
USDZAR ANALYSISUSDZAR broke major downtrendline on H4 frame
Price broke key level at level 16.9040 with strong bullish movement
Price is above HVN level 16.6836
MACD shows bullish momentum
It's expected for the continuation of bullish movement to first target resistance level at 18.0000
then finally target supply zone at level 19.1875
USDZAR Bullish TrendIn Exotics price tends to move at 1. a higher pace & 2. a little bit of an unorthodox style meaning price does not always respect trends/ fibonacci/ market structure. However I will still be looking at this interesting zone to find a bullish entry due to my observations saying that this pair is OverSold.