HTF (High Time Frame) outlook for the South African Rand. Lets see how it plays out over the coming months.
I am currrently positioned long and per the box, break down from here and you target the next range below for some action. HTF charts take long to play out. Wonder what the news will be ....
USD at monthly resistance, so probably heading to the lower box. These monthlys all tested, and weekly struggling to hold. So lower box looking prbable for now. However, this is the range to long, albiet a bit sketchy.
USD looking strong against CHINA YEN , this could play a significant role, as South Africa (Along with rest of Africa) is aligned (owned) by China.
I am currrently positioned long and per the box, break down from here and you target the next range below for some action. HTF charts take long to play out. Wonder what the news will be ....
USD at monthly resistance, so probably heading to the lower box. These monthlys all tested, and weekly struggling to hold. So lower box looking prbable for now. However, this is the range to long, albiet a bit sketchy.
USD looking strong against CHINA YEN , this could play a significant role, as South Africa (Along with rest of Africa) is aligned (owned) by China.