USDZAR 18.86470 -0.98% IDEA
Updated
Good Day Traders...
A LOOK AT USDZAR IN THE COMING WEEKS
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
> ITS STILL EARLY TO ASSUME THAT THE USDZAR HAS FOUND ITS ROOF AND WE WONT BE SEEING HIGHER BREAKOUTS.
> RAND FIRMED LAST WEEK AS THE GOV DISCUSSED MEASURES TO CONTAIN THE ECONOMIC IMPACT OF COVID-19 EVEN THOUGH STOCKS FELL
> PRESIDENT RAMAPHOSA PLANS TO STIMULATE THE ECONOMY AS WE ARE TO ENTER STAGE 4 OF THE LOCKDOWN WHICH WE'LL SEE MORE BUSINESSES BEGIN TO OPERATE WHAT EFFECT WILL THAT HAVE ON THE ECONOMY IS YET TO BE SEEN BUT CASES OF THE COVID-19 ARE ON THE RISE...
> THE OIL CRASH ALSO AFFECTED THE ZAR NEGATIVELY
> SO WHERE TO ON THE RAND , ONLY TIME WILL TELL
TECHNICALLY THERE ARE A COUPLE OF SCENARIOS I'M LOOKING AT THIS WEEK
> WE SEE THE ZAR IN A RISING CHANNEL, WILL THE CHANNEL HOLD ON THE 4H OR ARE WE BREAKING WITH THE BEARS...
WE'LL SEE HOW IT GOES BUT THE ASCENDING CHANNEL IS STILL IN PLAY FOR NOW.....
A LOOK AT USDZAR IN THE COMING WEEKS
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
> ITS STILL EARLY TO ASSUME THAT THE USDZAR HAS FOUND ITS ROOF AND WE WONT BE SEEING HIGHER BREAKOUTS.
> RAND FIRMED LAST WEEK AS THE GOV DISCUSSED MEASURES TO CONTAIN THE ECONOMIC IMPACT OF COVID-19 EVEN THOUGH STOCKS FELL
> PRESIDENT RAMAPHOSA PLANS TO STIMULATE THE ECONOMY AS WE ARE TO ENTER STAGE 4 OF THE LOCKDOWN WHICH WE'LL SEE MORE BUSINESSES BEGIN TO OPERATE WHAT EFFECT WILL THAT HAVE ON THE ECONOMY IS YET TO BE SEEN BUT CASES OF THE COVID-19 ARE ON THE RISE...
> THE OIL CRASH ALSO AFFECTED THE ZAR NEGATIVELY
> SO WHERE TO ON THE RAND , ONLY TIME WILL TELL
TECHNICALLY THERE ARE A COUPLE OF SCENARIOS I'M LOOKING AT THIS WEEK
> WE SEE THE ZAR IN A RISING CHANNEL, WILL THE CHANNEL HOLD ON THE 4H OR ARE WE BREAKING WITH THE BEARS...
WE'LL SEE HOW IT GOES BUT THE ASCENDING CHANNEL IS STILL IN PLAY FOR NOW.....
Trade closed: stop reached
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