ZAR, yes we can!!
3 Hour Chart
Since 28.06.2018 is the ZAR in a complicated
combination correction (WXY - Elliot Waves).
As with most currencies, there is political
influence, the ZAR is not the exception. It is
possible that the ZAR is reacting positive to
some inflow of Investments to the Country. May
the good news continue, it is in big demand.
Reality check - the price action touching the lower
Bollinger Band (13.17) & is just above the yellow
trendline.
The SA consumer wants that yellow trendline been
broken and even to go further down. The next strong
support will the range around 12.50. Lets get there
first.
Since 28.06.2018 is the ZAR in a complicated
combination correction (WXY - Elliot Waves).
As with most currencies, there is political
influence, the ZAR is not the exception. It is
possible that the ZAR is reacting positive to
some inflow of Investments to the Country. May
the good news continue, it is in big demand.
Reality check - the price action touching the lower
Bollinger Band (13.17) & is just above the yellow
trendline.
The SA consumer wants that yellow trendline been
broken and even to go further down. The next strong
support will the range around 12.50. Lets get there
first.
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