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andrejoubert

USDZAR Long trade

Long
U.S. Dollar / South African Rand (OANDA:USDZAR)  
andrejoubert Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
Chart Patterns Fundamental Analysis Beyond Technical Analysis
2
0
chartpattern fundamental beyondta
Price is back at prices that caused a reversal.
Technical imbalance filled at LVN
Vaccine rollout halted as early data suggest that the vaccine is not effective enough. This will slow down economic recovery.
The latest MPC statement suggest a stable Rand at 15.7
Comment:
Also expect a 0.25% increase in interest rate in Q2 as per latest MPC statement
Comment:
11/02/2021 State of the Nation Address
Key Points:
Beat Covid 19: Implementation of a massive vaccination rollout. Procurement of J&J vaccine established.

Economic Recovery: Infrastructure Project implementation focusing on Construction, Energy and water

Creation of Sustainable jobs: Recovery plan will create these jobs.

Fight Corruption: ??

COT Report ZAR:
Non Commercial:
Long 8000 Short 3741 Nett long 4259
Previous 8021 2971 Nett long 5050

Commercial:
Long 3303 Short 7732 Nett short 4429
Previous 1841 6709 Nett short 4868
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