USDZAR to 13 rands per dollar

Theofylrx Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
Based on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI.

A Top was created in February 2016.

Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here.

Based on my TA, from November 2023 till 22 January 2024 we were in a correction cycle to complete wave cycle 2, so from here im expecting a further drop for wave cycle 3 an Impulse down which always comes after correction, then once wave cycle 3 is complete then i will come with an update because we need to also have wave cycle 4 and 5.

So basically this year is gonna be changing for Rands against dollar. Im just here wondering on whats gonna happen with the S.A politics which is gonna lead to rand gaining strength against the dollar, but lets watch and we gonn see. Im just excited for this year man.
Trade active:
Orders still active.
Trade active:
This is gonna be an interesting pair for me this year..

Orders still active..
this is gonna be an interesting pair
Trade active:
Lets Go!!
take some profits and lock some, and let this bad boy run..
We selling this thing again...
Idea still the same.


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