Forex_Senpai

Forex_Senpai Updated  Jun 24, 2024

Nearing end of year (2023) support zones, as well as experiencing resistance in the lower 18.00s in May 2024. This movement could mean higher lows and suggest that the pair aims to move upward.

Forex_Senpai Updated  Jun 18, 2024

USD/ZAR remains in the 18 to 19 range with numerous re-tests of the low 18’s within the recent months from the end of 2023. Entering this end of year (2023) low will be met by similar resistance once again.

Forex_Senpai Jun 5, 2024

Resistance levels continue to rise as support is shown at 18.20s around mid may and now we have bounced off 18.48. I believe we are being forced up before ultimately going back down to low 18.00s as per my previous post on May 30.

Forex_Senpai May 31, 2024

Double header spotted which creates a slow moving but bearish environment for the short term. Resistance at anywhere between 18.75 to 18.78, looking for movement back towards 18.20s. Have a great weekend !

Forex_Senpai Updated  May 30, 2024

Experiencing resistance similar to a pattern shown at the beginning of May (1st week) 2024. We will use this resistance again to move towards 18.70s.

Forex_Senpai May 18, 2024

I believe we’ll experience a short term buy from 18.09/10 to 18.25 this coming week. There has been a lot or resistance at the 18.25 to 18.30 mark from May 16th so i expect the price to continue bearing until we reach around the 17.70s. Happy Trading everybody!