From the overview of price we could see that price is currently making a pullback to the support zone between 0.91499 and 0.91315 which has a possible confluence with the 50EMA before pushing to the upside to hit the overall downward trendline in confluence with the resistance zone between 0.92389 and 0.92233 and the RSI overbought level.
Stocks extended losses on Wednesday after a steep sell-off during Tuesday’s trading day, which pushed the S&P 500 and Dow to their lowest settlements so far of 2022.
The S&P 500 wiped out early advances to trade sharply lower in afternoon trading.
The overall trend for NAS100 is bearish. Price is currently rallying to the downside and almost close to the resistance level between 13093 and 12921 and the oversold level on the RSI indicator. There could be a possible pullback to the support zone between 14028 and 13867.
The overall trend for USDZAR seems to be bearish. We could see that price have been making lower lows and is currently making a retest of the support level between 15.02232 and 15.23623 which is in confluence with the 50 EMA and the downward trendline before continuing in it bearish direction. The RSI and MACD are below the centreline for extra confirmation