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ridethepig

ridethepig | Dovish SARB On Deck!

Long
U.S. Dollar / South African Rand (FOREXCOM:USDZAR)  
ridethepig Updated   
FOREXCOM:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Technical Indicators Beyond Technical Analysis USD ZAR USDZAR sarb fed powell ridethepig kganyago emfx
31
1
trendanalysis indicator beyondta usd zar usdzar sarb fed powell ridethepig kganyago emfx
We are reaching the lows in the range right on time for SARB today. Markets are expecting a 50bps move, a little bird tells me that we are set for more... Remember the domestic story in South Africa is only going one way; sadly it's the same outcome as Turkey.

ridethepig | USDTRY 2020 Macro Map

On the technical side, tracking closely the 18.00 support to build longs outguessing a dovish SARB. Look to target the 18.5x and 19.0x highs and lighten up below 17.7x.

Good luck.
Comment:
No fills so far, we'll leave it pending till tomorrow otherwise we can re-open the swing with new levels.
Order cancelled

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