USD/ZAR (W)

A strong Bullish Engulfing candle could lead to further weakening of the ZAR.
Looks like an Ascending Triangle is being formed which could mean further weakening of the ZAR.
A Bullish Flag breakout has taken place on the Daily Chart.

הערה:

IF it breaks above 16.35 ( top of the Cup and handle formation or top of the ascending triangle ) it could possibly head up to 17.50
However if it breaks below 14.50 these formations will be null and void