usdzar going according to plan. this chart is indicating that we can expect 16.40 to 16.60 wave 3 to play then a abcde triangle formation for wave 4 followed by 5th wave which is equal to wave 1. dropping to 16.20 - 16.50 zone by september. note it can reach to that zone before or after depending on trading volume
last attempt to push the price higher before price continues down for longer term. currently in a abc correction. as we can see on the rsi theres a retest taking place on weekly timeframe. i expect the price to move upwards till atleast 38 fib level then further downsides
usdzar continues to plan from last week's idea , we expected usdzar bearish pressure, and the idea is proceeding as planned. collected partials , as a short term uptrend is expected , but the idea remains the same after the short term expecting more bearish pressure for usdzar
In this different trading idea, we want to bring attention to a potential shift in the USD/ZAR currency pair that goes against popular belief. Despite widespread negativity, we see a chance for the South African Rand (ZAR) to gain strength against the US Dollar (USD). While USD/ZAR has been bullish (going up) for a while, there are signs that things could...