South Africa Rand continue holding uptrend signs

South Africa Rand continue holding uptrend signs

Rami
16 (10) 2016 - 22:35 (GMT)
0

USDZAR still holding uptrend wave within Short-Run after the drop correction that hit market last week which we warned about in our last report (see here) while market still holding uptrend signals so far.

Short-Run showing main support base at (14.0000) zone where as long as market holding above the uptrend wave will sustain chance to head toward (15.6000) target.

While market will face several resistance levels within this uptrend wave where the first resistance laying at (14.5450-14.5850) zone which may drive for some drop correction before market resume advance toward second resistance level (14.7500) which in turn may drive for some drop correction.

Above (14.75) this will be as confirmation for farther advance for this uptrend wave toward (15.6000) while third resistance laying at (15.2000) zone.

USDZAR

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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