audzar short and then long educational purpose only. learning and testing skills.
please dyor and make decisions based on your analysis. i am not responsible for your decisions and outcome
AUDZAR trade ideas
audzareducational purpose only. learning and testing skills.
please dyor and make decisions based on your analysis. i am not responsible for your decisions and outcome
AudZarNext move after it successfully completed our corrective wave. Wait for the formation of a little impulse before you go all in.
Study of the movement of the South African Rand long term trendRecently a friend was interested in moving a portion of money out of South Africa to Australia. Some news came out about the South African President, Jacob Zuma, firing the respected economy minister. The Rand slipped quite a bit, the individual was concerned that they should have moved the funds out, so I performed an analysis of the Rand trend to validate if it was a good reason to sell.
This is a long term study with a roughly 2 year window. I have made this study as an update to confirm my earlier analysis. I saw a channel had formed and advised not to sell the Rand as it had not broken the long term price channel and trend, at least as I saw it. My analysis was correct and the individual held on to their money. The price has since moved back into the trend.
In conclusion; I stated that as long as the price remained within the trend it was worthwhile holding onto the South African Rand. If the price breaks out the upper orange trend line then selling of the rand might be advised as the long term trend had a higher probability of breaking. On the other hand if the price fell significantly below the bottom trend line profits could be booked, depending on circumstances. Ultimately holding on could also be an option as this is a long term analysis.
AUDZAR to bounce from LT channel Middle line?Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.
Long term study of the trends in the AUDZAR pairThe weekly graph reflects the perspective of the longer term trends. This is the long term view related to my daily study of the AUDZAR.
longprice for this pair is trending above both its 20 day ema and 200 day ema on all time frames from a weekly to a 4 hour perspective.. expecting price to bounce off 4 hour ema and continue strong uptrend
