USDZAR 17.56090 POSSIBLE LONG SCENARIO
USDZAR LOOKING AT FACTORS THAT COULD PUSH ZAR TO FIB LEVEL 1.618 (18.31117) IN THIS COMING WEEK.
THE OBVIOUSE FACTOR BEING THE COVID-19, IF WE SEE A SIGNIFICANT RISE IN NEW CASES BEING CONFIRMED I FEEL ZAR WILL WEAKEN THIS COMING WEEK...
RESISTANCE LEVEL 17.7008 COULD COME IN PLAY BUT FUNDAMENTALLY I DONT SEE THAT HAPPENING I THINK WE ARE BREAKING THROUGH THIS RESISTANCE, PROBABLY COME BACK AND RETEST BUT CONTINUE TO THE UPSIDE..
CCI @ 164.87
MA7 & MA14 NOT SHOWING SIGNS OF ANY REVERSAL AND MANY OTHER INDICATORS
USDZAR BUY
SL - 17.19667
TP 1 - FIB LVL 1.618 (18.3117)
TP 2 - 19.56703
IF WE PUSH THROUGH TO THIS POINT SUCCESSFULLY
TP 3 - FIB LVL 2.618 ( 20.0000)
PERIOD - SWING TRADE 1-5 DAYS
THE OBVIOUSE FACTOR BEING THE COVID-19, IF WE SEE A SIGNIFICANT RISE IN NEW CASES BEING CONFIRMED I FEEL ZAR WILL WEAKEN THIS COMING WEEK...
RESISTANCE LEVEL 17.7008 COULD COME IN PLAY BUT FUNDAMENTALLY I DONT SEE THAT HAPPENING I THINK WE ARE BREAKING THROUGH THIS RESISTANCE, PROBABLY COME BACK AND RETEST BUT CONTINUE TO THE UPSIDE..
CCI @ 164.87
MA7 & MA14 NOT SHOWING SIGNS OF ANY REVERSAL AND MANY OTHER INDICATORS
USDZAR BUY
SL - 17.19667
TP 1 - FIB LVL 1.618 (18.3117)
TP 2 - 19.56703
IF WE PUSH THROUGH TO THIS POINT SUCCESSFULLY
TP 3 - FIB LVL 2.618 ( 20.0000)
PERIOD - SWING TRADE 1-5 DAYS
Trade active