Home About the company Daily reviews USD/ZAR Trading Analysis (11/09/2024)

USD/ZAR Trading Analysis (11/09/2024)

11.09.2024

The trend is descending. The currency pair is trading in a range between 365 and 135 ЕМА. The uptrend truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.

Trading idea:

Sell when the formation of the descending wave structure begins.
Stop-loss at 17.9640.
Price levels at 17.7990 and 17.6720.

#usdzar #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Subscribe to market analysis

Thank you for subscribing to our analytics

You already subscribed

Review topic

All Fundamental reviews Market news Premarkets Technical reviews