USDZAR 18.76642 -0.5% TECHNICAL AND FUNDAMENTAL IDEA
Good Day Traders....
HERE IS A TECHNICAL AND FUNDAMENTAL IDEA ON THE USDZAR
* IF YOU LIKE THE IDEA KINDLY HIT A LIKE, COMMENT AND FOLLOW WILL HIGHLY APPRECIATE THAT WILL ALWAYS FOLLOW BACK....
ZAR ROSE SLIGHTLY IN THE PAST WEEK BUT CLOSED ON A WEEKLY LOW AFTER A INTEREST RATE CUT BUT THE SA CENTRAL BANK .
THE RAND STARTED WEAKENING AFTER THE ANNOUNCEMENT, WE MAY SEE A CORRECTION HIGHER BEFORE THE RAND REGAINS STRENGTH, I THINK THIS IS ONE OF THOSE IT GETS WORSE BEFORE IT GETS BETTER SITUATION.
MOVING LOWER THE TARGETS WOULD BE 17.2300 AND 17.0000
BUT THE SENTIMENT IS STILL THE SAME MOVING HIGHER THE TARGET WOULD BE THE ALL TIME HIGH OF 19.35000 WHICH HAS BEEN PREDICTED FUNDAMENTALLY SINCE 2 WEEKS AGO
THERE IF A PENNANT FORMATION IN PLAY AT THE MOMENT SUGGESTING A CONTINUATION TO THE UPSIDE MAY BE POSSIBLE LETS SEE HOW THIS PLAYS OUT IN THE COMING WEEK.....
HERE IS A TECHNICAL AND FUNDAMENTAL IDEA ON THE USDZAR
* IF YOU LIKE THE IDEA KINDLY HIT A LIKE, COMMENT AND FOLLOW WILL HIGHLY APPRECIATE THAT WILL ALWAYS FOLLOW BACK....
ZAR ROSE SLIGHTLY IN THE PAST WEEK BUT CLOSED ON A WEEKLY LOW AFTER A INTEREST RATE CUT BUT THE SA CENTRAL BANK .
THE RAND STARTED WEAKENING AFTER THE ANNOUNCEMENT, WE MAY SEE A CORRECTION HIGHER BEFORE THE RAND REGAINS STRENGTH, I THINK THIS IS ONE OF THOSE IT GETS WORSE BEFORE IT GETS BETTER SITUATION.
MOVING LOWER THE TARGETS WOULD BE 17.2300 AND 17.0000
BUT THE SENTIMENT IS STILL THE SAME MOVING HIGHER THE TARGET WOULD BE THE ALL TIME HIGH OF 19.35000 WHICH HAS BEEN PREDICTED FUNDAMENTALLY SINCE 2 WEEKS AGO
THERE IF A PENNANT FORMATION IN PLAY AT THE MOMENT SUGGESTING A CONTINUATION TO THE UPSIDE MAY BE POSSIBLE LETS SEE HOW THIS PLAYS OUT IN THE COMING WEEK.....
