20200415 Long USDZAR

15 apr 2020

The market seemed to turn risk-off today, with stock market retreated, USDJPY fall and treasury gained. USDZAR rebounded and climbed above 10 MA so would be a sign of continuing gain. Would set target at 19, which is near previous high.

17 apr 2020

Nota

Now should be the time to close the trade since the risk sentiment has been reversed by Trump's announcement of guideline to reopen the economy. Technically, daily MACD turned back to negatively slope, should take the profit and go away. Wait for the next chance.