USD/ZAR Trading Analysis (16/01/2025)
The trend is ascending. The currency pair is trading in a range between 365 and 135 ЕМАs on the H1 timeframe. The downtrend wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the breach of 18.8370.
- Stop-loss at 18.6920.
- Price targets at 18.9920 and 19.2000.
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