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USD/ZAR Trade Analysis

By Jun 19, 2008 08:00PM ET
www.investing.com/analysis/technical/usd%252Fzar-trade-analysis-7879
USD/ZAR Trade Analysis
By   |  Jun 19, 2008 08:00PM ET
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Hello.

The scan of our charts brought us to a USD/ZAR analysis. Although not as widely followed as other pairs, the USD/ZAR can be very profitable.

We just saw a good move up and am looking at a retracement. The retracement has a little more to go before it makes it move back up again.

The big question is: when will the 2nd wave end? Well, you (as well as us) will need to focus in on that wave and do an analysis on it. Watch for trend changing signals. Also, you must get it out of your head that you need to enter long at the very bottom. You will do just as well by waiting for a solid confirmation the trend has shifted and we're heading back up.

Good luck!

USD/ZAR Trade Analysis
 

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USD/ZAR Trade Analysis

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