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SteynTrade

USDZAR Where will the Rand go? Staying ahead of the Gold Bulls

Long
U.S. Dollar / Süd Afrikanischer Rand (FX:USDZAR)  
SteynTrade  
FX:USDZAR   U.S. Dollar / Süd Afrikanischer Rand
USDZAR correctivestructure AB=CD volumespreadanalisys TDI
19
0
usdzar correctivestructure abcdpattern volumespreadanalisys tdi
The USDZAR is showing some strength. I expected some correction last week that never materialised and the trend seems to be strong. Price is in an area that previously showed some structure and the expected correction could happen this week. The TDI indicates overbought conditions. There is volume support for the down move with increasing volume and spread and decreasing volume and spread on the pull backs.

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