Thursday, 25 July 2019

USD/ZAR (updated twice)

30th July:
The 15 minute double top pattern target was hit and then exceeded to the lower support level which produced a positive divergence to bring us to the JSE opening bell. The 5th wave of the impulsive Minor 1 pattern is now expected.



29th July:
My most probable take atm, looking for (iii) and wary for a resumption of the downtrend.



25th July:
This hourly chart of currency pair USD/ZAR sees a break out attempt following the correction leg C of the sideways Intermediate (2) wave. 


Cartoon of the Day: Comical - 07.23.2019 trade deal laugh cartoon

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