USDZAR-BUY strategy 4-hourly chart
Yesterday, I felt technically we could see much lower levels, but since we have hardly managed to move lower in any form of speed, concerns me.
The stochastic is negative, and we have broken support levels, but one support 18.7000 area should act as strong now. this means the miles from 18.8500 to 18.7000 is not much, and currently we hoover around 18.7900 - 18.8100 area. GOLD is heavily over bought, and therefore, we prefer now to BUY at lower levels.
Strategy BUY @ 18.7450 - 18.7750 area (adjust iff you are more adventurous then me) and place SL below 18.6750. Take profit @ 19.0750 I suspect we will see higher levels due to GOLD status.
The stochastic is negative, and we have broken support levels, but one support 18.7000 area should act as strong now. this means the miles from 18.8500 to 18.7000 is not much, and currently we hoover around 18.7900 - 18.8100 area. GOLD is heavily over bought, and therefore, we prefer now to BUY at lower levels.
Strategy BUY @ 18.7450 - 18.7750 area (adjust iff you are more adventurous then me) and place SL below 18.6750. Take profit @ 19.0750 I suspect we will see higher levels due to GOLD status.