USDZAR dip buys at weekly pivot

Updated:

Key Support: 14.65
Key Resistance: 14.90

I’m looking for USD longs on a DXY reversal after the retest of August highs. The USDZAR presents a very good opportunity here.

After breaking with the 14.68 level last week and trapping shorts the USDZAR has pulled back to this very level.

This is a MASSIVE key historic level in this market and right now confluences with the weekly pivot and the previous broken highs.

Dip buys at the break of today’s highs are in play; more so because of the USD strength on a possible bullish leg.

Short term bullish divergence is also detected making this setup even higher probability of success. I’m targeting yesterday’s highs which are also the previous tested base.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!