Get started
Timgucci

USD/ZMK Potentiel long | Wait for breakout + retest

Long
U.S. DOLLAR / ZAMBIAN KWACHA (FX_IDC:USDZMW)  
Timgucci  
FX_IDC:USDZMW   U.S. DOLLAR / ZAMBIAN KWACHA
Trend Analysis Technical Indicators Wave Analysis usdstrong dxylong dxylongthenshort
5
0
trendanalysis indicator waveanalysis usdstrong dxylong dxylongthenshort
This has been a perfect play - out for several months. Price seems to have broken out of the prominent yearly channel with a strong impulsive wave. If the DXY closes above $100 this month, I expect the Zambian Kwacha to depreciate even further to at least K20.21 / $ 1 (CASE 1). If the U.S. dollar index closes the month below $100 however, I will expect the second scenario to play out.

Related Ideas

Timgucci
USDZMW NOW BEARISH
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.