In this video, the Trader Guy looks at the USD/ZAR pair for the September 11th session.
USD/ZAR — The market broke below the 16.50 level and retested it for resistance. However, it failed to break above, and ended up forming an inverted hammer candlestick. This looks like a trigger for a major move to the downside, targeting the 15.75 level. A break above the 200-day EMA is very bullish and a break above 17.00 is seen as a trend change. Pay attention to the US dollar index. Pay attention to this candlestick. This is seen as a binary trade.