USDZMW PULLBACK THEN FALLUSDZMW is about to pull back to 18 then it will fall to 11Shortby TRIPPYHUSSLEPublished 3
Kwacha is back (almost)Now this is by no means financial advice but mere analysis. When I saw price break the Daily Support at 17.63 , my immediate anticipation was we’re going lower. Depending on what happens today at the Daily Support & Resistance (16.95) I believe it will reject and hold around that area for a while or it could right off break through and right for 16.4Shortby UnknownUnicorn22374254Published 222
USD/ZMWAs predicted if price breaks K17.88 we'll continue to see a further sell side liquidity to K15.44 as we can already see a break in market structure as the kwacha strengthens.Shortby MutoboUpdated 113
USDZMW - LONGAppears to the ZMW will hit an all time high, next levels around 24-25.Longby DalitsoTemboPublished 2
USDZMWUSDZMW has always been in a bullish trend since 1998, its now consolidating between K18-K19 per Dollar , we may expect a minor retracement to atleast K15.43 in moths to come before the the continuation with the trend may or it may just continue to the upside .Longby Arne808Published 5
Copper & USDZMWFirstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! As commodities & metals start to recover on the international markets, commodity currencies are likely to gain significantly against the greenback.by tatendaaaPublished 8
USDZMW USDZMW shows that we now starting to retracte once the bearish weekly candle is filled , will continue to go down for weeks and price is likely to fall back into the channel but will start to make the next implusive wave once it reaches 0.618 fib zone .This shows that the kwacha will may never go below K15, for some time or even years to come unless we see major improvement in the zambian economy .Shortby Arne808Published 1110
USDZMW SHORT UPDATENice bearish engulfying on USDZMW, I expect the Zambian Kwacha to appreciate even further as the US dollar weakens. See my Fisrt call on buying some Kwacha and Selling the dollar here. Shortby TimgucciPublished 1110
TIME TO BUY THE KWACHAI think it's time to short the dollar and buy some Kwacha. Price perfectly bounced off the 200% fib level (K18.94 / $1) on the monthly time frame matching up the same price at 261.8% fib level on the weekly time frame. Going long term, I am seeing a week dollar and some Kwacha appreciation. I expected the Kwacha to appreciate to about K17/$1 and K15.41/$1 IF price breaks through the support of the monthly ascending channel . Disclaimer: This is only an idea and should not be taken as a trading signal.Shortby TimgucciPublished 119
ZAMBIAN KWACHA - CHART UPDATEOn the daily time frame, price is completing the impulsive wave. Once complete, some correction should be expected (wave c to d) which will lead to the next impulsive wave of the daily channel (wave d to e).by TimgucciPublished 5
USD/ZMK Potentiel long | Wait for breakout + retestThis 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. Longby TimgucciPublished 5