Chart timeframes used: Monthly and weekly

Indicators used in the technical analysis: ADX INDICATOR, MOMENTUM INDICATOR, stochastic INDICATOR.

As shown on the monthly chart of the USDZAR there is buying follow through due to week ZAR currency, that is generated by signals coming from Momentum indicator and stochastic indicator confirming the strong buy signal in the long run to target 17.51 resistance.





In the next weekly chart, we can see that buy signal is confirmed even further by Momentum Indicators.

it's predicted for the USDZAR to hit 17.51 for 1 st of October.

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