usdzarsell

A perfect Pitchfork that price touch the top line and is coming back to the mid line to complete the ABCD pattern. I use Fibo time Cluster to mention the area that price reach to the mid line.

USDZAR seems to consolidate on resistance now It might drop to the psychological level of 13.000 In next 2 weeks Be careful in trading this pair, its very dangerous It can make you lot of money and it can take you lot of money Trade with proper RM/MM and money Management Good luck guys

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The South African Rand seems to gain some traction against the greenback. It's expected that the South African Rand will strengthen to approximately R12/$. There is a possibility of a retracement to the support turned resistance at 13.2000 level which also corresponds with a 50% Fibbonachi retracement level on the 4 hour chart. If it doesn't pull-back, I'll short ...

1 To go up if markets already priced in trump uncertainty post press conference. 2) To go down (forecast is actually conservative so, expect even lower reaches) if market hasn't priced in trump uncertainty. Trump has no real policies and markets may see this when he's confirmed. 2 seems most likely but things have been a bit weird around trump, so expect 1 as ...

Look at the behavior around the resistance (blue line) and the flag

The Daily chart shows a bullish convergence. We now need at least a double wave retrace before price wil complete the second part of this double wave cycle. Price reached 100% FE of the last cycle upwards exactly on a strong Daily resistance level and potential divergence. As long as this resistance holds look for sells aiming 50% FR of the last cycle. Sell the ...