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ProSignalsFx
Oct 6, 2020 4:41 PM

SOUTH AFRICAN RAND STRUCTURE ANALYSIS| Long

U.S. Dollar/South African RandFXCM

Description


USD_ZAR IS TRADING IN A FLAG/TRIANGLE
FUTHER MOVEMENT WITHIN THE TRIANGLE IS EXPECTED UNTILL THE BREAKOUT


Given that I am bullish on the Dollar and considering the situation in South Africa,
I expect the breakout upwards, as when the Dollar strengthens properly,
the weakest currencies fall first and faster than others.
And Rand is super weak.

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