USDZAR LOOKING AT FACTORS THAT COULD PUSH ZAR TO FIB LEVEL 1.618 (18.31117) IN THIS COMING WEEK.
THE OBVIOUSE FACTOR BEING THE COVID-19, IF WE SEE A SIGNIFICANT RISE IN NEW CASES BEING CONFIRMED I FEEL ZAR WILL WEAKEN THIS COMING WEEK...
RESISTANCE LEVEL 17.7008 COULD COME IN PLAY BUT FUNDAMENTALLY I DONT SEE THAT HAPPENING I THINK WE ARE BREAKING THROUGH THIS RESISTANCE, PROBABLY COME BACK AND RETEST BUT CONTINUE TO THE UPSIDE..
CCI @ 164.87 MA7 & MA14 NOT SHOWING SIGNS OF ANY REVERSAL AND MANY OTHER INDICATORS
USDZAR BUY SL - 17.19667 TP 1 - FIB LVL 1.618 (18.3117) TP 2 - 19.56703 IF WE PUSH THROUGH TO THIS POINT SUCCESSFULLY TP 3 - FIB LVL 2.618 ( 20.0000)