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TheBankTrader

USDZAR. - Another Look at a long position

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
TheBankTrader Updated   
FX:USDZAR   U.S. Dollar / South African Rand
USDZAR Bullish Patterns Divergence
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usdzar bullish divergence
Price has found some support and is currently ranging. There is bullish divergence on the hourly, 4 hourly and daily chart which could help our long position. On the fundemental side, today President JZ speaks which might also give flight to our buy. Based on past instances, JZ always made the rand weaker when he spoke.
Trade closed: stop reached
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