USDZAR-SELL strategy 6-hourly chart - regression channel
The pair has moved lower 18.1200 area in line with SELL strategy, but fell short heavily sad to say. Thereafter, we spiked and we have finished the day with a hammer top.
The regression channel sloping down ward, shows the expected parameters, and usually a move beyond that, would trigger a move back towards the mid-range of the channel.
the 18.3850 area highlighted some days back, is significant, and it changes the scope a bit. However, for now in line with slight overbought levels and the quick spike, and being slightly above the regression channel top, suggest we may see a pullback again.
there is some dangers of higher levels due to positive indicators, and that is why patience is warranted before selling should be done.
Strategy SELL @ 18.4500 - 18.4950 and take profit near 18.2750 when seen.
The regression channel sloping down ward, shows the expected parameters, and usually a move beyond that, would trigger a move back towards the mid-range of the channel.
the 18.3850 area highlighted some days back, is significant, and it changes the scope a bit. However, for now in line with slight overbought levels and the quick spike, and being slightly above the regression channel top, suggest we may see a pullback again.
there is some dangers of higher levels due to positive indicators, and that is why patience is warranted before selling should be done.
Strategy SELL @ 18.4500 - 18.4950 and take profit near 18.2750 when seen.
Dagangan ditutup: sasaran tercapai
Profit target has been reached. Now watch market developments.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.