Technical analysis prediction for the 1st of august 2018

Instrument ; usd zar

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position : Long position

price prediction : 13.6000


weekly chart


Daily chart


Usd zar mkt trend is bullish bias, technical view on weekly chart suggest a strong upside momentum and in long term speculation i expect the currency pair to continue uptrend, Ema signal is uptrend, Rsi (63.31), Macd signal is uptrend while on the daily chart view, the currency pair is currently trading above the resistance turn support levels and i expect a bullish continuation above 13.6000 level in coming months, Ema signal is uptrend, Rsi (69.69), Macd signal is uptrend and prediction for the 1st of august 2018 is 13.600
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