Marcelle_Nel

Possible symmetrical triangle forming in a rising channel??

FX_IDC:USDZAR   U.S. Dollar / South African Rand
This is just a pure guess. Let us see what happens. I may just be 100% wrong.
Comment: So far the predictable bounce of the 0.5 fib is playing out as expected. RSI is still in very oversold territory on the daily and MACD still looking to cross to the upside in the next couple of days. Feeling more and more likely that the rand will weaken again against the dollar.

Comments

I think you are almost 100% correct.
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