Thabathani's Blog
USDZAR
Fundamentals played a role by pushing the price down to 13.41, firstly it was the meeting minutes between the new South African finance minister with Investors which saw the ZAR gain strength from 13.71 to 13.61 after the minister showed some confidence to the investors. The second was the statement from the Us President about the dollar and Yellen which made the US dollar loose strength and push the ZAR to 13.41 overnight. I am still short term bullish on this pair due to the politics that is c…
USDZAR
13.75 was broken and as predicted the price is now at 13.71. I do not hold a view of seeing the price going down further for now. I have a long position with my target at 13.81.
USDZAR
13.95 resisted the price and it reversed back and touched 13.76,if 13.75 is broken we may see it reach 13.71 before a reversal. will be using the price action on 5 and 15 minutes to look for possible longs back to 13.80-90.
USAZAR
13.85 has been broken , if 13.95 is broken 14.00 is could be reached before a retracement to 13.70. I went in shot early at 13.80 for 13.75 , I am still Long Term Short on this pair. If i was not caught up i would be looking for short opportunities from 13.95 till 14.00.
USDZAR
On Friday i targeted both longs and shorts on the 5 minutes chart between 13.71 and 13.85. I plan to do the same in the next few days if the price does not break this range. if the price breaks 13.71 i will switch to the 15 minutes chart and target short entries with my targets set at 13.60. If the price breaks 13.85 I will switch to the 15 minutes chart and target long entries with my targets at 14.00.