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…
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
ATA FINANCIAL RESEARCH 