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peterbokma

USDZAR-NEUTRAL BUY 4 hourly

U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Wave Analysis
5
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trendanalysis chartpattern waveanalysis
The pair is near a dangerous bottom roughly @ 18.2950, and should be respected to see higher again. If we consider GOLD to remain high with a tendency to go lower, the pair will be good value to buy again. Stochastic is negative and low, but not extreme, and gives room for further declines. that is why am NEUTRAL with a BUY.

Strategy BUY @ 18.2800-18.3150 and place SL below 18.2650 (judge it carefully) and take profit near 18.5575.
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