SteynTrade

USDZAR Where will the Rand go? The rand strength is over

Viés de alta
FX:USDZAR   Dólar EUA/Rand Sul-africano
I did not update last week but the previous week was looking for a consolidation or completion of the ABCD pattern (see links below for previous evaluation). The outcome was a consolidation. So now my view is that we will se some further consolidation next week around the yearly PP and previous important structure at just above R14/USD. But the following week could see a dramatic impulse move first targeting levels around R18/USD and then possibly higher.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.