A Descending Triangle formation is growing on the USDZAR. There are two possibilities, a break above or a break below. This can be an easy trade usually the price moves strongly in one direction after a break. All that is needed is to place buy orders above the down sloping trend line or sell orders below the horizontal support line. The most likely outcome is a break downward in Descending Triangles.
The moving averages also offer support lines which, when broken offer further bearishness on the pair.
The moving averages also offer support lines which, when broken offer further bearishness on the pair.
