Possible correction lower based on price action.

2020-02-07 23:04:57

Hanging man forming on the weekly graph. Likely to close below the trendline. Also possible momentum indicator divergence on the 4h graph. The fundamentals do not support the chart technicals considering we have SONA and Moody's but let's wait and see what happens in the new week. The rand is an extremely irrational currency and often moves opposite to what one would be led to believe.