#USDZAR - Update
The USDZAR failed to reach the R18 level and instead reversed breaking through R18.28 and rallying all the way to the R18.72 level.
It has since strengthened today and is now testing the 20 day moving average. It will be key to see how it reacts here as it could signal further weakness this week if it can't get back under it.
The 20-day exponential moving average (EMA) is a popular technical analysis tool used by traders to identify trends in the stock market. It is calculated by taking the average price of a security over the past 20 days, with more weight given to the most recent prices. The 20-day EMA is considered an important indicator because it can help traders identify potential buy and sell signals. In summary, the 20-day EMA is an important technical analysis tool that can help traders identify trends and potential buy and sell signals in the stock market.
It has since strengthened today and is now testing the 20 day moving average. It will be key to see how it reacts here as it could signal further weakness this week if it can't get back under it.
The 20-day exponential moving average (EMA) is a popular technical analysis tool used by traders to identify trends in the stock market. It is calculated by taking the average price of a security over the past 20 days, with more weight given to the most recent prices. The 20-day EMA is considered an important indicator because it can help traders identify potential buy and sell signals. In summary, the 20-day EMA is an important technical analysis tool that can help traders identify trends and potential buy and sell signals in the stock market.
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