USD/ZAR Trading Analysis (11/09/2024)
The trend is descending. The currency pair is trading in a range between 365 and 135 ЕМА. The uptrend truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought condition.
Trading idea:
- Sell when the formation of the …