USD/ZAR Short Term Long Trade Idea

Panjang

Dolar A.S. / Rand Afrika Selatan (FX:USDZAR)

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FX:USDZAR Dolar A.S. / Rand Afrika Selatan

pennant fibonacci candlestick usdzar usdzarlong

USD/ZAR had impulsive bullish movement at the end of last week, followed by a recent correction, which landed at a key level of 61.8% fib level before the next impulsive move. Price action is resembling a bullish pennant, which if played out, would land at at the next key level as noted. Trade at your own risk. Long term I anticipate price to run back to $15 to $16.

Dagangan aktif:

Price rejected key level at 14.43; bears are on guard. Must watch how price continues to respond to key levels. News also on Wednesday will impact this pair.

Komen:

Price could very well go like this

Dagangan aktif:

Anticipation of news reaction impacted sentiment in the market. Budget concerns, credit ratings.

Dagangan ditutup: sasaran tercapai

Penafian

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