USDZAR 19.00561 +2.99 RETRACEMENT SHORT IDEA
4H RETRACEMENT IDEA
THE RAND WEAKENED AGAINST MAJOR GLOBAL CURRENCIES SINCE THURSDAY AS CORONAVIRUS CONCERNS WEIGHED ON SENTIMENTS FUNDAMENTALLY, TRADED AT R18.50 AGAINST THE DOLLAR AT ITS PEAK..
COULD WE SEE THE RAND RISE UP TO 20.0000 AGAINST THE DOLLAR IN COMING WEEKS WITH THE COVID-19 AND THE STATE OF OUR ECONOMY CURRENTLY HIGHLY POSSIBLE SEE THIS HAPPENING IN THE COMING WEEKS..
WE'LL PROBABLY SEE A RETRANCEMENT THEN CONTINUATION TO THE UPSIDE LOOKING AT MOMENTUM OF THE BULLS WE'LL PROBALLY SEE THAT SOON...
DEPENDING ON THE STRNGTH OF THE RETRACEMENT I AM LOOKING AT FIB LEVEL 1.681 AND FTR 17.84227 IF WE ARE PUSHING IT...
BT ILL BE LOOKING FOR BUYS ON ZAR ....
THE RAND WEAKENED AGAINST MAJOR GLOBAL CURRENCIES SINCE THURSDAY AS CORONAVIRUS CONCERNS WEIGHED ON SENTIMENTS FUNDAMENTALLY, TRADED AT R18.50 AGAINST THE DOLLAR AT ITS PEAK..
COULD WE SEE THE RAND RISE UP TO 20.0000 AGAINST THE DOLLAR IN COMING WEEKS WITH THE COVID-19 AND THE STATE OF OUR ECONOMY CURRENTLY HIGHLY POSSIBLE SEE THIS HAPPENING IN THE COMING WEEKS..
WE'LL PROBABLY SEE A RETRANCEMENT THEN CONTINUATION TO THE UPSIDE LOOKING AT MOMENTUM OF THE BULLS WE'LL PROBALLY SEE THAT SOON...
DEPENDING ON THE STRNGTH OF THE RETRACEMENT I AM LOOKING AT FIB LEVEL 1.681 AND FTR 17.84227 IF WE ARE PUSHING IT...
BT ILL BE LOOKING FOR BUYS ON ZAR ....
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