(9,3020) The DOLL/ZAR formed a negative day reversal after having hit our s/t target with even a small overshooting toward 9,36. Only a daily closing tonight below 9,2840 will however confirm a s/t top suggesting a possible correction. The indicators of the daily chart are still well positive but those of the s/t ones already returned below the line suggesting some consolidation/ correction. Only an hourly closing below 9,2840 will support a deeper correction with the 200 hours line at 9,2224 the possible attraction. A move above 9,3380 will instead confirm a new positive reversal suggesting a s/t target at 9,3967!! We expect overall further strength but in the s/t we favour a correction.
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Future Trend Research