The pair has made a potential Lower Low within the 1D Channel Down (RSI = 37.943, MACD = -0.070, B/BP = -0.1402) and although it may extend a little lower towards the 0.97234 1W Support, it should technically rebound towards a Lower High. We have estimated this at 10.200 and this is our TP.
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educational purpose only. learning and testing skills.
please dyor and make decisions based on your analysis. i am not responsible for your decisions and outcome
educational purpose only. learning and testing skills.
please dyor and make decisions based on your analysis. i am not responsible for your decisions and outcome
Recently a friend was interested in moving a portion of money out of South Africa to Australia. Some news came out about the South African President, Jacob Zuma, firing the respected economy minister. The Rand slipped quite a bit, the individual was concerned that they should have moved the funds out, so I performed an analysis of the Rand trend to validate if it...
Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.
price for this pair is trending above both its 20 day ema and 200 day ema on all time frames from a weekly to a 4 hour perspective.. expecting price to bounce off 4 hour ema and continue strong uptrend
