Ghana Cedis Gave Credence to our analysis as usual.
1. Market deep kissed 4.0 as predicted elsewhere
2. Certainly, this is an always in long market. Tis a bulls market,
but technically, it will turn out to be a market in corrective phase
2. Three scenarios are likely and have been pointed out in green arrows
3. Now, haven hit a key psychological price zone, smart money is likely
to take profit at this stage. And this will be evidenced in some
pullback sort of, prior to further up moves
We do not envisage any meaningful performance by the
Ghana cedis any time soon, as the economy gives the currency away.
Interested Investors in this market want to be long term.
Short term intra-day basis, the pair will offer short chops, but these would not
last. And so, sellers would want to be more careful.