USDZAR has been printing lower highs and lower lows on the daily chart, below a downtrend line drawn from the highs of September 6. The pair has also recently fallen below its 50-day simple moving average (SMA), which has turned the near-term outlook cautiously negative. Short-term oscillators are hovering in bearish territory, albeit not decisively so. The RSI is only marginally below its neutral 50 line and pointing sideways. Likewise, although the MACD is below zero, it still lies fractionally [..]
7 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.