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Zartrader

USDZAR moving up fast & breaking out with USD strength I mentioned in a publication today during the Asia session about how I see the continuation of the US-Dollar to continue to power and move through 106 soon like a knife through melting butter. This is a big reclaim its making on the Poland currency. I bought in recently as it crossed the 200EMA on the daily. The weekly chart price is powering up a double-top. It will break through this level, USD is gaining so much momentum and it looks to remain that way for the foreseeable future in my opinion. Gold under so much pressure despite still in a bull-run, lower prices to ensue this week for Gold. Cryptocurrency and the USD$ to power on. DYOR. These are solely my opinions. I formulate these ideas from charts and price history. I pick a direction. Last Friday I publicly announced here on TV that Gold and Silver would slide in a bigger way this week. It's happening and it will continue to happen because as I mention above, the USD$ is continuing its breakout over 106 soon. Cheers, Chris Daily chart below:
Long
by Easy_Explosive_Trading
USDZAR | Weekly | UpdateLooking at USDZAR on our weekly chart we can notice that USDZAR has been failing to break to the downside as has been respecting our previously outlined levels. To elaborate further we can take note of the fact that USDZAR’s failure to break through our 17.50xxx Psychological level confirmed a new higher low on the pair after which it started rallying back up and is now trading above our 19.0xxxx price point; we can also take note of the fact that after USDZAR failed to break our 17.50xxx level creating a new higher low it gave us the opportunity to identify the formation of that bullish channel within our already existing long term bullish trend. Now looking to the right on USDZAR we can notice the possibility of it creating a new all time high between our 20.50xxx and 21.50xxx respective levels and considering the current economic climate in South Africa and the upcoming elections causing further instability in the ZAR so we could possibly see the USDZAR head towards these levels as we head into 2024.
Long
by mosa_moshka
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