USDZAR - 200dma
USDZAR has arrived at the 200dma after tagging my top side level of R19.13
Will need to see how it reacts here today and tomorrow. R18.43 needs a retest.
The 200-day moving average is a technical analysis tool that helps investors and traders determine the overall market trend. It is calculated by taking the average closing price of a security over the past 200 days (or 40 weeks) and plotting it on a chart. The moving average can give traders a sense regarding whether the stock is in an uptrend or downtrend. When the price of a stock is above its 200-day moving average, it is generally considered to be in an uptrend, while when it is below the 200-day moving average, it is considered to be in a downtrend.
Will need to see how it reacts here today and tomorrow. R18.43 needs a retest.
The 200-day moving average is a technical analysis tool that helps investors and traders determine the overall market trend. It is calculated by taking the average closing price of a security over the past 200 days (or 40 weeks) and plotting it on a chart. The moving average can give traders a sense regarding whether the stock is in an uptrend or downtrend. When the price of a stock is above its 200-day moving average, it is generally considered to be in an uptrend, while when it is below the 200-day moving average, it is considered to be in a downtrend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.