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Chris4XTrading

The Dreaded RAND | Predictable or not?

Dollar A.S / Rand Afrika Selatan (FX:USDZAR)  
Chris4XTrading Diupdate   
FX:USDZAR   Dollar A.S / Rand Afrika Selatan
Trend Analysis RAND USDZAR
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trendanalysis rand usdzar
Assuming that USDZAR has actually started acting like a currency pair again and not just some wild, untameable beast, we can deduce from previous price action and multiple EMAs that the pair is most likely to go Bullish in the week(s) to come.

Otherwise, expect it to drop back down and range between 12.46700 and 12.7000 for a while.
Komentar:
Looks like the price is indeed entering the range area. Wait for price to settle on 61.8% line to confirm a buy.
Trade aktif:
Trading the range. Long up to 78% Fib line (12.46500-12.46700). Possible short afterwards.
snapshot
Komentar:
Price has left the ranging zone. Large Bullish rally ahead?
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