South African Rand

Chart courtesy of Advanced Get. Data provided by eSignal.

Speaking to a friend of mine (thanks Posh S), I decided to do an analysis on th USDZAR pair. The above chart shows you the MOB level with time reversal and MACD convergence. We hit 6.5 the figure with a Doji. There are a few confluence of events for me to enter long but I will urge you all to do your own analysis. This is a heavy downtrend so taking an opposing view is always risky.

Good luck.