USD/ZAR is falling towards the pivot which has been identified as a pullback support and could reverse to the 1st resistance which acts as an overlap resistance. Pivot: 17.64039 1st Support: 17.47874 1st Resistance: 17.84762 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
USD/ZAR is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 50% Fibonacci support. Pivot: 18.03042 1st Support: 17.81615 1st Resistance: 18.17267 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
USD/ZAR is rising towards the pivot which lines up with the 61.8% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 17.92393 1st Support: 17.67661 1st Resistance: 18.05016 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
The USDZAR pair has been trading within a Channel Down pattern since April and currently is more than half-way through its latest Bearish Leg. Technically it resembles the Bearish Leg of May, which completed a -7.00% decline in the pricing of its Lower Low. As a result, our short-term Target on this pair is 17.500 which is slightly less than -7.00%, near the...
USD/ZAR is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 17.92416 1st Support: 17.74888 1st Resistance: 18.12955 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
USD/ZAR has bounced off the pivot and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 18.03295 1st Support: 17.94288 1st Resistance: 18.17598 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
USD/ZAR is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level. Pivot: 18.30934 1st Support: 18.12993 1st Resistance: 18.43011 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
USD/ZAR is reacting off the pivot and could potentially drop to the 1st support which is a pullback support. Pivot: 18.39589 1st Support: 18.17481 1st Resistance: 18.55218 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
USD/ZAR has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance. Pivot: 18.2155 1st Support: 18.1280 1st Resistance: 18.4373 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may...
USD/ZAR is falling towards the pivot and could bounce to the 1st resistance. Pivot: 18.1317 1st Support: 17.9290 1st Resistance: 18.4709 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure...
USD/ZAR is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support. Pivot: 18.4787 1st Support: 18.1270 1st Resistance: 18.6895 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The USDZAR pair has been trading within a Channel Down since the April 09 Low. After pricing the latest Lower Low last week, the price is currently on the new Bullish Leg but got rejected today on the 1D MA50 (blue trend-line). Both past Bullish Legs of this pattern rose by +5.30%. On top of that, their 1D RSI sequences are quite similar. As a result, we take...
The USDZAR pair is trading below both its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), having formed a Channel Down (blue) since the start of the year. The 1D RSI hit the bottom of its Rectangle, so even though there is some limited downside on the Channel Down before forming a Lower Low, the reward is much higher on the upside. Assuming a Lower...
The USDZAR pair is trading above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), on a strong consolidation phase as it approaches the end of an 8-month Triangle. Having been rejected last week very close to not only the Triangle's top but also the (dotted) Channel Up top (Lower Highs trend-line), we have a strong short-term sell signal in our...
Hello. Looking for USDZAR to make a move upwards. 1. Ending structure 2. MACD divergence 3. Looking for price reaction at Price 16.86 Trade with care
USDZAR is trading around the 1D MA50 on neutral technicals (RSI = 45.374, MACD = -0.003, ADX = 21.007) but on a long term Channel Up for the past 2 years. This current consolidation has been the accumulation period in the two bullish legs prior before the final rally to a Higher High. This is our buy entry and we aim at the top of the Channel (TP = 21.000). ##...
The USDZAR pair made a 4-month High last week, extending the 3-month rally since the Higher Low at the bottom of the Channel Up pattern on July 27. With the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) supporting, based on the previous Higher High, the price has one last run to make before getting exhausted. Our target is the 1.5 Fibonacci extension...
This sell could print really nice, price is right now trying breakout to the upside. If it fails to break, we could see it retracing back to around 18.15! My trendline was made with the first two tops that price made, giving the idea that price already tried and failed creating a fake breakout early this month. Will wait for today's candle closure. If below...