USDZAR NEXT TRADE SETUP Forcast
USDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1 time frame.
Price broke key level at level 16.7000 with strong bullish movement and now at point 17.3150
and it has to restest its near resistance at point 17.18000 and if it break that next support than its next target and adopot the point area 16.5000 thats belong to the Monthly Resistance .
According to fundamently Usd is going to be weak more Todays DXy and stocks are bearish and GOld is rising to peak.
if its break the W pattern and adopt the secondary supply zone so its going to Supply zone .
It's expected for the continuation of bearish movement to first target resistance level at 16.0000
then finally target supply zone at level 19.0000
All the Entries should be taken only if all the rules of entries are applied.
Price broke key level at level 16.7000 with strong bullish movement and now at point 17.3150
and it has to restest its near resistance at point 17.18000 and if it break that next support than its next target and adopot the point area 16.5000 thats belong to the Monthly Resistance .
According to fundamently Usd is going to be weak more Todays DXy and stocks are bearish and GOld is rising to peak.
if its break the W pattern and adopt the secondary supply zone so its going to Supply zone .
It's expected for the continuation of bearish movement to first target resistance level at 16.0000
then finally target supply zone at level 19.0000
All the Entries should be taken only if all the rules of entries are applied.
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