{"id":12435,"date":"2022-09-06T09:12:04","date_gmt":"2022-09-06T09:12:04","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12435"},"modified":"2023-05-12T09:13:50","modified_gmt":"2023-05-12T09:13:50","slug":"usdzar-critical-resistance-levels-to-buy-and-sell","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/06\/usdzar-critical-resistance-levels-to-buy-and-sell\/","title":{"rendered":"USDZAR Critical Resistance. Levels to buy and sell."},"content":{"rendered":"

 <\/p>\n

The USDZAR pair broke above its former Resistance Zone since our last analysis on June 29:<\/p>\n

\"USDZAR<\/a><\/div>\n

The 1.382 Fibonacci extension target was hit and yet another break-out approach turned out to be successful. With the 1D MA50 (blue trend-line) supporting since August 17, we will continue to adopt a break-out trading perspective. A 1D candle close above the 17.4400 High, will be a break-out buy signal yet again, targeting the -1.0 Fibonacci extension, which happens to be on the 2.0 Fib of the Channel. As you see, after every High break-out, the pair has always reached (or came close to) the -1.0 Fib ext.<\/p>\n

On the other hand, a break below the Channel Up that started after the April 12 Low, will be a sell break-out signal towards the 0.0 Fib level, i.e. the bottom of the long-term Channel.<\/p>\n

See how the MACD on the 1W time-frame remains bullish, having a sequence similar to that of June – November 2021.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/USDZAR\/dMUBuL0T-USDZAR-Critical-Resistance-Levels-to-buy-and-sell<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The USDZAR pair broke above its former Resistance Zone since our last analysis on June 29: The 1.382 Fibonacci extension target was hit and yet another break-out approach turned out to be successful. With the 1D MA50 (blue trend-line) supporting since August 17, we will continue to adopt a break-out trading perspective. A 1D<\/p>\n","protected":false},"author":611,"featured_media":12436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12435"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12435\/revisions"}],"predecessor-version":[{"id":12438,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12435\/revisions\/12438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12436"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}