USDZAR - Hedge your Rand against political uncertaintySA politics is messy, the country is in a terrible state. Will these people ever stop destroying our currency? I think not. Long $USD and $BTC
USD-ZAR
USDZAR shortUSDZAR SHORT AT RESISTANCE WHICH IS AT 13.627 WE WILL WAIT FORTHE DAILY CANDLE TO CLOSE AS EITHER A DOJI OR ANY TYPE OF EXHAUSTION CANDLE TO CONFIRM A REVERSAL THEN WE ENTER SHORT WITH A STOP LOSS OF 13.75 AND A TAKE PROFIT OF 13.176.
USD/ZAR hinders near 13.05The downward pressure that prevailed the market since early August bounded USD/ZAR in a descending channel, thus falling down to the 12.76 mark one month later. After failing to penetrate this level once again two session later, the US Dollar broke out of the channel and consequently formed an ascending wedge.
The pair is currently testing the 38.2% Fibo at 13.04. Given various failed attempts, this level is not expected to surrender under the pressure unless some major jumps are to occur.
Thus, the daily outlook for the pair is bearish, setting the 23.6% Fibo and the 200-hour SMAs at 12.92 as a probable short-term target. This move should breach the bottom wedge boundary and consequently result in a price decline.
Up & DownUsd Zar try to rise his price helped by stronger USD
But i think that it will not have the necessary power to breakout the dynamic trendline at top then it will go down again
So my vision is Long now until dynamic trendline has reached the short
For a full list of market pressure see my twitter profile
Try to breakout but ....The cross are trying to breakout the resistance at 1.98200 but the low power of USD lead the cross to fall down again.
The market pressure highlight a lightly short direction but i think that will gain more short power going down.
Accumulating power then ... breakout ! I continue trading USDZAR short
The cross is now accumulating power to fight the big support at 12.85
The market pressure is short and extremely high so i suppose that it will breakout without problems.
USD/ZAR 1H Chart: Channel DownThe US Dollar has lost value against the South African Rand in the recent weeks, thus resulting in the formation of a channel down. In addition, the two massive plunges within the last few trading sessions have revealed a new junior pattern—a falling wedge.
Technical indicators suggest that the rate is likely to breach the wedge (in a rather flat motion) and approach the 55-hour SMA which is located near the upper channel boundary circa 13.05. Being reinforced by the 50.0% Fibonacci retracement, this resistance area may prove to be too strong to surpass, thus initiating a new move downwards.
In case of a fall, the bottom target is set by a combined support of the monthly S1 and the weekly S2 at 12.81.
USDZAR landing nowAs described in the chart first and second target .. only short position please Very High Pressure.
For a list of market pressure of all crosses visit my twitter profile.
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USDZAR USDZAR seems to be forming a possible head and shoulder pattern on the daily time frame.
Should price break the neckline, we will initiate a buy order
USD/ZAR Short termLooks like its making lower highs and lower lows. Looking for the final wave down before a corrective structure. R:R ratio is good and this has potential. Also peaked at a nice resistance and we see some divergence on the RSI and a nice crossover on the Stoch.
maybe a good buy soon?Maybe soon, It can keep pulsing down, but a buy on a good breakout might not be a bad idea!
USDZAR might head downUSDZAR seems to consolidate on resistance now
It might drop to the psychological level of 13.000
In next 2 weeks
Be careful in trading this pair, its very dangerous
It can make you lot of money and it can take you lot of money
Trade with proper RM/MM and money Management
Good luck guys
USDZAR BuyFinally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status.
www.dailyfx.com
D:
W:
Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
USDZAR LongUSDZAR is forming a wedge on the daily chart and I would look for there to be a jump upwards in the near future. I would look for this to reach around 14.38 which is an area of previous resistance.
