Technical analysis prediction for the 1st of October 2018

Instrument ; usd zar

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

speculative position ; long position

price prediction ; 15.3000


weekly chart


Daily chart


usd zar mkt trend is strongly bullish bias, technical view on the weekly chart indicates strong rise in price movement in the recent months and the long term outlook is expected to remain bullish bias, Ema signal is uptrend, Rsi (68.31), Macd signal is uptrend while on the daily chart view, mkt trend is strongly bullish bias and in coming month i expect the currency pair to continue uptrend probably above 15.3000 level, Ema signal is uptrend, Rsi (64.73), Macd signal is uptrend and prediction for the 1st of October 2018 is 15.3000
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