Our free forex signals service today is a buy order on the USD/ZAR pair. The USD/ZAR pair is traded at 15.433 at the time of writing. In the short term, it has retreated after reaching 15.530 on Friday. The price action printed a triangle pattern, so we’ll have to wait for a valid breakout from this formation before taking action. The currency pair stays near immediate upside obstacles as the Dollar Index has managed to stay higher. Fundamentally, the USD could try to appreciate after the US NFP was reported at 467K in January above 110K expected. In addition, the Average Hourly Earnings rose by 0.7% beating the 0.5% forecasts. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Inflation In Spotlights Today, the US is to release the Consumer Credit indicator which is expected at 24.9B below 40.0B. Still, I don’t think that it will have an impact on the USD/ZAR pair. The most important event of the week is represented by the US inflation data. The CPI and the Core CPI could bring high volatility and sharp movements. From the technical point of view, a valid breakout above the immediate downtrend line may announce an upside continuation. Only dropping and stabilizing below 15.394 static support could invalidate the upside scenario at this moment. Free forex signals – BUY USD/ZAR at 15.584 Free forex signals entry price and takes profit Instrument: USD/ZAR Order Type: BUY STOP Entry price: 15.584 Stop Loss: 15.355 TP1: 16.044 My Risk: 1% Risk / Reward Ratio: 1:2 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Forecast: Slipping to 1.14 amid Strong US Yields, ECB Retreat Saqib Iqbal 10 months Our free forex signals service today is a buy order on the USD/ZAR pair. The USD/ZAR pair is traded at 15.433 at the time of writing. In the short term, it has retreated after reaching 15.530 on Friday. The price action printed a triangle pattern, so we’ll have to wait for a valid breakout from this formation before taking action. The currency pair stays near immediate upside obstacles as the Dollar Index has managed to stay higher. Fundamentally, the USD could try to appreciate after the US NFP was reported at 467K in January above 110K expected. In addition, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
