Get started

ZAR

DXY Dollar Index Turning Green ?The dollar index has broken medium term trend lines to the downside. Case for short term upside: 1. It is current EXTREMELY oversold on the RSI. 2. It has fallen far below its 50 day moving average. 3. TD Indicator is on a perfected 8 of 9 with the 8 daily candle being a big one. Potential capitulation here for a turnaround tomorrow on the TD 9. This inherently means that the ZAR Rand can weeken tomorrow as itself is now at its 618 Fib Retracement level compounded by an extreme RSI overbaught level.
TVC:DXY
by chsmit
UPDATE !! EURZAR on a retest 🦐After our last call, which already trigger with a nice profit, we can look again for the one who missed it at a 2nd chance to enter in market. The price retrace at the 0.5 fib level of the previous leg and we could even expect to see a further move up to the 0.618 fib level (around 19.676) level for a retest of the resistance structure. If the market will give us a hint of inversion we can look for an opportunity to enter with a short position according to our signal. For the one that are still holding the previous position we can expect the market to make a new move to the downside. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
ridethepig | Dovish SARB On Deck!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. 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.
Long
by ridethepig
1