South Africa Rand with some more drop correction

South Africa Rand with some more drop correction

Rami
16 (10) 2016 - 23:02 (GMT)
0

USDZAR showing ability to head for some more drop correction as long as market keep holding trades below first resistance (14.3070) where Intraday-Levels showing chance for more drop to re-test first support (14.1100-14.1200) which may activate another advance toward second resistance zone (14.5500-14.5600) if market managed to break first (14.3070) level.

Below (14.1100) market may head for farther drop movement to test second support zone at (13.9500-14.0000) which in turn may activate an uptrend wave toward (14.5500-14.5600) zone.

Below (13.9500) the Intraday-Levels indicators will reveal new downtrend pressure signs that may activate downtrend wave toward (13.8500) and (13.5500) zone.

Incase if market sustain this uptrend wave the final target are set within Short-Run report (see here).

 

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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