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USD/ZAR - long-term ranging for direction

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by , 12-20-2018 at 11:30 AM (954 Views)
      
   
The pair is located inside Ichimoku cloud for the monthly price waiting for the direction of the direction of the bullish trend to be resumed or to the bearish market condition to be started.

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  • If the price breaks 15.69 resistance level to above so the long-term bulish market condition will be resumed for whole 2019.
  • If the price breaks 11.78 support level to below on close monthly bar so we can see the bearish condition to be started and continuing for the 2019 and 2020 in long-term situation for example.
  • If not so the price will be on secondary ranging waiting for direction.

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