Analysis on USDZAR pair, Case 1 and 2.

2021년 10월 31일

Base on technical analysis on USDZAR pair (Ascending triangle chart pattern)
we have forecast 2 cases -

1) Retracement
If the trend fail to break the resistance line and stay above the resistance line we expect a retracement to a higher low.
we can make a sell position and target take profit at 14.85000

2) Breakout
If the trend breakout the resistance line and stay on the resistance line, we expect the trend continue upwards and a long position can be place.
Target take profit price at 16.00000