!!USD/ZAR!! LET'S GET THESE PIPS TEAM
USD/ZAR LONG
ANALYSIS SELF EXPLANATORY ON CHART
-RSI PUSHING UP/ROUNDING NICELY
-STOCH CROSSOVER IMMINENT/ROUNDING NICELY
-HORIZONTAL RESISTANCE
*ANALYSIS NOT ON CHART*
-RETAIL SALES COMING OUT FRI 1/12 ARE EXPECTED TO DROP 0.4% FOR DECEMBER.. I FEEL THIS IS ODD AS SPENDING GENERALLY INCREASES DURING THIS MONTH AS IT IS "HOLIDAY SEASON"
I FEEL THE ACTUAL RESULT WILL BE HIGHER THAN THE CONSENSUS WHICH WILL SHOOT USD VALUE UP..
WORRIES
-MUST KEEP AN EYE ON XAU/USD & DXY... as for now they are also confirming potential reversals or at least pullbacks, but they were/still are on a strong opposite trend
ANALYSIS SELF EXPLANATORY ON CHART
-RSI PUSHING UP/ROUNDING NICELY
-STOCH CROSSOVER IMMINENT/ROUNDING NICELY
-HORIZONTAL RESISTANCE
*ANALYSIS NOT ON CHART*
-RETAIL SALES COMING OUT FRI 1/12 ARE EXPECTED TO DROP 0.4% FOR DECEMBER.. I FEEL THIS IS ODD AS SPENDING GENERALLY INCREASES DURING THIS MONTH AS IT IS "HOLIDAY SEASON"
I FEEL THE ACTUAL RESULT WILL BE HIGHER THAN THE CONSENSUS WHICH WILL SHOOT USD VALUE UP..
WORRIES
-MUST KEEP AN EYE ON XAU/USD & DXY... as for now they are also confirming potential reversals or at least pullbacks, but they were/still are on a strong opposite trend