BuasiZwothe

USDZAR SHORT

Short
BuasiZwothe Updated   
FX:USDZAR   U.S. Dollar / South African Rand
This is a nice downtrend on USDZAR showing a potential closed triangle pattern. ZAR is gaining strength driven by the R290 Billion investment acquired by the president of South Africa.
Comment:
The RSI IS ALSO AT A CONVERGENCE WHICH GIVES A CONFIRMATION FOR THE SHORT PLAY.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.