USDZAR sell on broken trendline
2020-01-24 13:10:44
FX:USDZAR has been on a consistent downtrend since October. There was a clear rejection on the 21st but a sharp move back up yesterday due to a rally on the US dollar. However it will likely continue a downtrend making it a relative safe sell. Sell to the target T1 = .5 fib, 14.2615 (343 pips), T2 = .382 fib, 14.1830 (391 pips).