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peterbokma

USDZAR-BUY strategy Daily chart

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
The pair is under pressure due to higher GOLD prices, and its logically then to expect lower levels. The 4-hourly chart is showing possibility to see 18.5600 test.

Stochastic is positive DAILY chart and GOLD will correct, therefore seeing an opportunity for more fun on the upside later on.

Strategy BUY @ 18.6150 - 18.6300 and place SL below 18.5150. Profit order @ 18.9650.
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