SOUTH AFRICAN RAND – TURKISH & EM F/X RISK STRIKE…

ATA Continuation…

ex ante & chronological

6.08.2015 –  MXN , ZAR & RUB – THIS IS HOW SMART MONEY DO IT…

12.12.2015 – ZAR…MXN & RUB ON CURRENCY FIRE – FED DEJA VU…

21.05.2016 – DXY vs EM CURRENCY – JUNE ( JULY ) MARKET FIGHTING ROUND…

7.08.2016 – EMERGING MARKETS STRIKE BACK…

 

 

Present  RISK OFF  ZAR  Wave 

activated by

TURKISH CRISIS   &  EM F/X  Wave Down 

creating

New Monthly  Green Candlestick against South African  Currency…

 

south-african-rand-

 

 

ATA MIND OVER MARKETS…

ATA MARKET MODEL : 

First…Market Motive…

Second…Market Technical  Pattern…

 

Present  South African Rand  Situation 

 

Active  Motives

Turhish  Crisis 

TRY – TURKISH RATING DOUBLE IMPACT…

EM F/X RISK OFF Wave

DXY – F/X NORTHERN STAR for EM CURRENCIES…

&

Technical  Pattern :

USD  Big  Wave  Up    (   Monthly & Weekly  Chart  ) 

&

High  14.58  – Close 14.47    from  13.11.2017   ( Daily Chart )

vs

Candlestick with Long Upper  Shadow  ( Monthly Chart ) 

with

FIB RET ( Monthly & Weekly Charts ) 

&

FIB  EXT  ( Daily Chart ) 

 

 

ATA  Investment Conclusion

Half  of  August 2018 

ZAR  Big Picture shows…

South African Rand  RISK OFF Wave Continuation 

with

Agressive Motives 

TURKISH & EM F/X  SELL OFF…

 

USD/ZAR

Present Active Resistance Zones – 15.05  with Last  High  15.48  

vs

Support Zones   –   14.58  – 14.47 

with

3  Daily Candlestick with Long Upper  Shadows

 

Focus on

Monday Smart Money EM F/X Reaction

on

USD/ZAR   in 15 – 14.80   –  14.60 – 14.50  Zone  ( Daily Chart )

 

 

USD/ZAR  Monthly , Weekly & Daily Charts :

 

17.08.2018

USD-ZAR-M

USD-ZAR-W

USD-ZAR-D

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