USD/ZAR Price Analysis: Sellers attack $15.85-80 support confluence
07.12.2021, 06:56

USD/ZAR Price Analysis: Sellers attack $15.85-80 support confluence

  • USD/ZAR remains pressured around short-term key support joint comprising 13-day-old ascending trend line, 100-SMA.
  • Bearish MACD signals keep sellers hopeful, ascending trend line from late October adds to the downside filters.

USD/ZAR bears battle crucial support convergence, down 0.41% intraday near $15.85 heading into Tuesday’s European session.

Given the bearish MACD signals and the South African currency (ZAR) pair’s failures to rebound, the quote is likely to conquer the confluence of 100-SMA and an ascending support line from November 17, around $15.85-80.

While the breakdown will quickly drag the USD/ZAR prices towards an ascending support line from late October, near $15.60, any further declines will be tough.

Also acting as extra support is the area comprising multiple tops marked since early November near $15.50.

On the flip side, corrective pullback needs to cross the weekly resistance line, around $15.85 by the press time, to recall the USD/ZAR buyers.

Following that the recently flashed multi-day peak of $16.36 and late October 2020 high near $16.50, will gain the market’s attention.

USD/ZAR: Four-hour chart

Trend: Further weakness expected

 

© 2000-2026. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
E-mail
Povratak na vrh
Izaberi lokaciju / jezik