Almost two weeks into my Analysis. Long opportunity gbp/zar Target 1: 16.8928
Long opportunity usd/zar Target 1: 13.10892
GDP/ZAR still shifting up and down, so the if statement here will do just like the USD/ZAR, they seem to react in the same manner due to investors relations driven by politics.
Just a simplified set up of "if statement for the week. USD/ZAR does not have a solid structure because of its volatility, but if you understand your own domestic market and politics, i think you can be profitable.
Seeing a recovery here between GDP/ZAR
Have a trade set up on the USD/ZAR. You will never know with this pair as it is mostly influenced by politics. Waiting for a good opportunity...
If this price structure breaks out of 13.19019 USD/ZAR Long opportunity? Target 1 :13.27396 Target 2 : 13.86184
EUR is behaving the same way as the USD & the POUND against the RAND EUR/ZAR - The EUR has lost almost 4% against the RAND in 12 days. Will it also bounce back up ?
Weekly slide in USD against the ZAR. What happens to POUND/RAND mirrors on USD/ZAR. Long opportunity when it all recovers ?
The POUND been falling against the RAND for 6 a half days now. I wonder if this gives this pair a long opportunity after the commotion in the UK ? Hoping for a good long opportunity when the price recovers ?
Price is picking up ? Long opportunity @ 13.19625 Target 1 : 13.25943 Target 2 : 13.32070
Long opportunity at 13.19130 Expecting price to bounce back to 13.25824 Pound been loosing strength since the early mornings.
The Rand gained strength in the morning against the pound Round about 5 in the morning - Price = 17.2335 Round about 6 in the evening - Price = 16.9790 Expecting the price to bounce back to between 17.1000 & 17.1500 by lunch tomorrow?
The market been going side ways for a while now whilst going (from the 8th till sate) I suggest long sculpting for a shot period of time for every long opportunity?
See the price trying to push back up. Charts already showing two previous push back ups. I think it will do the same for the third time?
Long Opportunity BETWEEN 13.32004 & 13.30170