USD/ZAR Bearish Move at Support

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The USD/ZAR has already hit the predetermined TP.

We might see the continuation of the trade below the main TP which was hit today. 15.2300 has been reached and we can see that the bearish move has been confirmed by the MA cross. We might see a retest of 15.4070 before the next move down. If the market makes a move below the W L4 we should see a continuation towards 15.1850, 15.1013 and lower towards W L5 14.9307.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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