Hi please find a bullish interpretation of the USD ZAR market place.
The strong automatic reaction of the 12.5000 level in March 2017 is a clue that buying interests came in.
The drop below 12.5000 in january 2018 has cycled back and here we are to day back at 12.5000 looks to me like a major bear trap/ manipulation by strong hands.
The route to higher prices from here Could be challenging. The left shoulder of a potential Hand S presented in the chart could take months to form.
Certainly any move above the 12.5000 will involve a demand testing process.
The strong automatic reaction of the 12.5000 level in March 2017 is a clue that buying interests came in.
The drop below 12.5000 in january 2018 has cycled back and here we are to day back at 12.5000 looks to me like a major bear trap/ manipulation by strong hands.
The route to higher prices from here Could be challenging. The left shoulder of a potential Hand S presented in the chart could take months to form.
Certainly any move above the 12.5000 will involve a demand testing process.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.