USDZAR Out Of A Triangle, Towards 20.0

Gregor Horvat
Gregor Horvat • by Grega Horvat
Forex Technical Analyst •

USDZAR is coming lower, ideally for the final wave »e« of a bigger bullish triangle pattern in wave 4.

A quick update on USDZAR.

USDZAR is coming lower, ideally for the final wave »e« of a bigger bullish triangle pattern in wave 4. Considering risk-off sentiment and potential deeper decline on stocks, we would not be surprised if USDZAR retests the highs for the 5th wave that can push the price up to 20 area.

USDZAR, 4h

More from this Author

Bitcoin Update: Impulsive Breakdown Suggests Wave 3 Of Larger Bearish Structure

Bitcoin Update: Impulsive Breakdown Suggests Wave 3 Of Larger Bearish Structure

Gregor Horvat •
GBPAUD: Five-Wave Bearish Impulse In Play, But Wave 4 Correction May Be Near

GBPAUD: Five-Wave Bearish Impulse In Play, But Wave 4 Correction May Be Near

Gregor Horvat •
NEARUSD: Impulsive Recovery Signals Potential End Of Wave C Correction

NEARUSD: Impulsive Recovery Signals Potential End Of Wave C Correction

Gregor Horvat •

Comments

Back to all articles