USDZAR Buy

4 thg 4, 2017Finally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status.

dailyfx.com/forex/market_alert/2017/04/04/South-African-Rand-Clobbered-by-SP-Junk-Downgrade.html?DFXfeeds=forex:market_alert

D:


W:



Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)

5 thg 4, 2017

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dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2017/04/05/US-Dollar-May-Rise-as-Minutes-Show-FOMC-Looking-Past-Trump-Trade.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:euro_open

Closely monitoring any update about the Trump-Xi meeting and upcoming FOMC minutes later.

10 thg 4, 2017

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My buy stop on Mt4 has been hit (slightly different setup than this one). Will post update tomorrow.