The South African Rand is starting to lose steam against the USD and USDZAR started moving up from Ms1.
On the H4 chart we can see higher highs and higher lows. Price moved up from WPP (12.755) and we are now currently sitting at the weekly profit target zone. As a bull on this pair i want to wait for a pullback down to around 12.90 and look for an opportunity to go long.
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.