USD/ZAR Intraday: the upside prevails as long as 18.5360 is support
May 8, 2024 22:06
USD/ZAR (USD/ZAR)
0.01462+0.08%
the upside prevails as long as 18.5360 is support.
Our pivot point is at 18.5360.
Our preference: the upside prevails as long as 18.5360 is support.
Alternative scenario: below 18.5360, expect 18.4570 and 18.4100.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.5930 and 18.5710).
Supports and resistances:
18.8780 **
18.8310 *
18.7840 **
18.7370
18.6219 last
18.5670
18.5360 **
18.4570 *
18.4100 **
Our preference: the upside prevails as long as 18.5360 is support.
Alternative scenario: below 18.5360, expect 18.4570 and 18.4100.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.5930 and 18.5710).
Supports and resistances:
18.8780 **
18.8310 *
18.7840 **
18.7370
18.6219 last
18.5670
18.5360 **
18.4570 *
18.4100 **
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