USDZAR-DAILY CHART price action analysis (23-June-2015)

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Bit of an odd chart this one. Zoom it right out and it is in a super clean up-trend and only moving in one direction. As we know however this is no how it works as we are not just buying our trades and holding them for three + years to make that type of strategy work.

If we look at the recent time we can see that price in this market respects it’s levels really well and that is not always the way for the less commonly traded pairs such as the US v South African Rand. USDZAR

Price in recent times has been very choppy and sideways, but if we look a bit more into it we can see price has been trading in blocks and if a high probability trigger does come up it is still very manageable should the trade ticks all the boxes.

 

Daily Chart

1USDZARDaily

 

 

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