USD/ZAR – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 15.4550 is resistance

USD/ZAR - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 15.4550 is resistance

Our preference: the downside prevails as long as 15.4550 is resistance.

Our pivot point stands at 15.4550.

Our preference: the downside prevails as long as 15.4550 is resistance.

Alternative scenario: above 15.4550, look for 15.5470 and 15.6020.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 15.4051 and 15.4181).

Supports and resistances:

15.6020 **

15.5470 *

15.4550 **

15.4190

15.3771 last

15.2520

15.1970 **

15.1420 *

15.0870 **

USD/ZAR Currency exchange rate forecast 16.08.2019: the downside prevails as long as 15.3220 is resistance

USD/ZAR Currency exchange rate forecast 16.08.2019: the downside prevails as long as 15.3220 is resistance

The MACD is negative and below its signal line.

Our pivot point is at 15.3220.

Our preference: the downside prevails as long as 15.3220 is resistance.

Alternative scenario: above 15.3220, look for 15.4130 and 15.4680.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 15.2700 and 15.2872).

Supports and resistances:

15.4680 **

15.4130 *

15.3220 **

15.2860

15.2428 last

15.1330

15.0780 **

15.0240 *

14.9690 **

USD/ZAR ST – Currency exchange rate forecast 05.06.2019: the upside prevails as long as 14.1470 is support

Our preference: the upside prevails as long as 14.1470 is support.

14.1470 is our pivot point.

Our preference: the upside prevails as long as 14.1470 is support.

Alternative scenario: below 14.1470, expect 13.5390 and 13.1770.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 14.4471 and 14.3187).

Supports and resistances:

16.5450 **

16.1810 *

15.8170 **

15.4530

14.6285 last

14.3850

14.1470 **

13.5390 *

13.1770 **

USD/ZAR – Currency exchange rate forecast 10.05.2019: the RSI is oversold

USD/ZAR - Currency exchange rate forecast 10.05.2019: the RSI is oversold

Alternative scenario: the upside breakout of 14.2860 would call for 14.3710 and 14.4220.

Our pivot point stands at 14.2860.

Our preference: the downside prevails as long as 14.2860 is resistance.

Alternative scenario: the upside breakout of 14.2860, would call for 14.3710 and 14.4220.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 14.2834 and 14.3287).

Supports and resistances:

14.4220 **

14.3710 *

14.2860 **

14.2520

14.1955 last

14.0920

14.0420 **

13.9910 *

13.9400 **