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Here is a currency that we don't talk about everyday. The USD/ZAR (South African Rand) looks to be in a good movement down.
We're looking at the 3rd wave of a Zig Zag (ZZ) correction. Among our love for trading Wave 3's of Impulse waves, we like trading these waves as well.
We completed the 1st wave in November 2007, then up to complete Wave 2 on February 20. We are now heading down to a Wave 3.
Refer to the chart.
Good luck.
EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...
USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...
In this PDF you will find the latest technical analysis published by Forex Trends
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