Price made a strong push to the upside to retest the minor support, turned resistance at the psychological level 84.172 and with every push, comes an exhaustion,price looks to be exhausting. We're anticipating a entrancement to retest the 79.784 level to complete a double bottom for a rejection to the upside.
Here's my future usdzar movements. This is not a signal, just sharing my ideas. Trade with caution
We have a break of the bullish flagpole, price retesting the descending trendling.
Nzdjpy broke out of the tl and now trading t previous resistance turned support, buy retest
We have a bearish flag pattern forming on the 4h! we can consider short positions for short term
A triple top omraton is a reversal chart pattern, the trendline that has n acting as resistance was broken and it was anticipated that price will break the trendline and re-visit the recent low.
Price making hh and hl which equals an uptrend, the weaking of the zar currency is also fueling the uptrend.
The pair has been respecting the ascending trendline that's rejecting price every time we touch it, the rising lows, are suggesting a bullish trend! A clean breakout from the triangle, will open further buying opportunities
61.80 rejection for a stronger sink! Sell the rally
We have a long term short coming up on the dollar, the rising wedge