USDZAR around support signaling Buy

USDZAR around support signaling Buy

Rami
25 (07) 2016 - 23:50 (GMT)
0

As we see over the chart, the South african Rand USDZAR tested support zone 14.1590 twice which may support a Double Bottom Formation which if managed to hold market above this support an uptrend wave may hit market toward 16.9000 levels over the Mid-Long-Run

below support level 14.1590 more drop pressure may affect market to head toward testing Long-Run uptrend line around 13.1000 levels

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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