All indicators show for a trend reversal. With the FEDs decision incoming- the dollar in my opinion will gain strength.
DXY is also in support towards thus
Also seems like a head shoulder break out is looming behind closed trajectories
The rand was gaining strength but as the market circulates - it has to correct movements
USD ZAR is strongly moving to R18,00. Indicators are leading factors strongly motivating the movement. Possible pullback but then moving upward after reaching support 1.
-Positive trend line.
- momentum
- highs on highs
-the unfavourable political environment and the economic advantage it brings will likely push the currency towards R18.00.
Tesla will fall until 988$ where the chart will then either resist and fall below or change direction and continue to head upwards. Believe the current dip is just the market resetting the bullish pattern that followed. But with tesla , Elon can change things in an instance , thus don't rely on technicals but rather follow his tweets ( just a joke )
