(8,9300) The DOLL/ZAR confirmed last night another weak closing well below the low of the previous one and also below 9,00 suggesting further s/t pressure toward the support line of the weekly chart at 8,7450!! The indicators of the daily and weekly charts are now well negative supporting further weakness. In the daily one we have however potential positive reversals suggesting the downside should be limited. Don’t forget the tone of the daily chart is still positive!! The indicators of the s/t charts are negative and well oversold. Bullish divergences in the hourly chart confirm a negative tone. We suggest waiting for a possible extension to buy this dollar with a stop below 8,74!!
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Future Trend Research