{"id":158749,"date":"2023-09-19T20:38:28","date_gmt":"2023-09-19T15:08:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=158749"},"modified":"2023-09-19T20:38:28","modified_gmt":"2023-09-19T15:08:28","slug":"uptrend-to-resume-once-a-break-above-19-30-materializes-socgen-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uptrend-to-resume-once-a-break-above-19-30-materializes-socgen-crypto-news\/","title":{"rendered":"Uptrend to resume once a break above 19.30 materializes \u2013 SocGen &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Rand strengthened about 0.5% vs. the USD last week. Economists at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analyze USD\/ZAR technical <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Direction lacking<\/h2>\n<blockquote>\n<p>USD\/ZAR tested intermittent support near 17.40 representing the 38.2% retracement from 2021 and quickly reclaimed the 200-DMA. The bounce has so far remained stalled near August high of 19.30. A sideways consolidation is underway. Signals of a large decline are not yet visible; the 200-DMA near 18.35\/18.10 should be an important support zone near term.\u00a0\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Daily MACD is within positive territory denoting prevalence of upward momentum. Once a break above 19.30 materializes, the uptrend is expected to resume. Next objectives would be at June high of 19.92 and projections of 20.25.\u00a0<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Rand strengthened about 0.5% vs. the USD last week. Economists at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analyze USD\/ZAR technical outlook. Direction lacking USD\/ZAR tested intermittent support near 17.40 representing the 38.2% retracement from 2021 and quickly reclaimed the 200-DMA. The bounce has so far remained stalled near August high of 19.30. A sideways consolidation is underway. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":64232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,5241,256,254],"class_list":["post-158749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdzar","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=158749"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158749\/revisions"}],"predecessor-version":[{"id":158750,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158749\/revisions\/158750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/64232"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}