Analysis of USDZAR 31.01.2019

Posted On 31 Jan 2019

Tag: ZAR

The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 13.3000
• Take Profit Level: 13.1000 (2000 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position

Source:: Analysis of USDZAR 31.01.2019

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