South Africa Rand showing ability for farther drop correction

South Africa Rand showing ability for farther drop correction

Rami
13 (11) 2016 - 15:30 (GMT)
0

After USDZAR met last Intraday & Short-Run Levels market head for rapid uptrend wave after U.S. Election result were this wave Collided with resistance zone as previous Intraday & Short-Run show (see Intraday here – see Short-Run here).

Intraday-Levels showing resistance zone at (14.4600) which if managed to hold trades below more retreat will be expected toward (13.9600-14.0200) zone which in turn may push back the uptrend again with one condition that market must hold trades above (13.8000) zone.

Below (13.8000) more drop will be expected toward (13.3500) zone.

From another hand, if market managed to break above (14.4600) more advance will be expected toward (14.7300-14.7500) zone which in turn may push back a drop correction.

 

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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