reasons for me adding more shorts: After the great buy trades placed, the bulls finally hit our monthly trendline and started losing momentum which then concluded the bull run and triggered my shorts. Looking at the pair, I have decided to add a few more shorts now because of the following reasons: 1. H4, we have had a squeeze play breakout (sellers funneled...
The bubble is about to explode. The price reached is the top of short term. The cross saturation is over every limit and the market pressure is not strong enought . This analysis is based on market pressure. To know more about market pressure and receive a free daily hints for all crosses visit my twitter profile. You can find the link in my tradingview...
i see this pair going down here is my analysis
The US Dollar has strengthened against the South African Rand since late March. The pair was appreciating gradually for two weeks prior to skyrocketing last week. This strong upward momentum resulted in a test of the 12.50 mark which is located near the senior channel. By mid-Thursday, the pair had breached the steep junior channel and returned near the weekly...
After hitting a three-year low of 11.50 late in February, the US Dollar has began strengthening against the South African Rand. This movement has been constrained in a rather flat ascending channel. The most recent test of its bottom boundary was two weeks ago. Being supported by the 55-hour SMA, the Greenback was able to breach a trend-line near the...
If price drops down to the expected D leg point , we buy and wait for TP1
Pair has lost value as a result of the USD / US stock market sell-off, caused by the US / China trade "war". SA's currency should not be this strong, and as the Dollar and SPX bounce back over this week, we'll see the USDZAR pair favor the dollar. Long dollar. Reason for trade: Rand is way too strong, is not a result of economic growth in SA but rather was...
It seems that everything previously drawn on the USD/ZAR currency pair’s large scale charts has become obsolete due to the recent fundamental events in the US. Namely, in a recent testimony to the US Congress the head of the FED provided the needed strength to the US Dollar to break long term resistance. Before the even the pair was heading for the lower trend...
The US Dollar has depreciated gradually against the South African Rand during the previous two weeks. This movement down began when the rate reversed from the upper boundary of the senior channel valid since mid-November. Even though the pair has edged lower in line with the senior pattern, it has not left its upper boundary. This suggests that a breakout might...
The US Dollar has been depreciating in a channel down against the South African Rand for the last three months. Mid-December, the pair formed a new ascending channel within the bounds of which it breached a down-trend in force since December (the dashed line on the chart). Meanwhile, the rate bounced off its 2016/2017 low of 11.80 last Thursday. These two...
After reversing from the 2017 high of 14.60 mid-November, the US Dollar began trading in a steep channel down against the South African Rand. However, its movement during the past three weeks has been sideways in a flat descending channel. This suggests that the prevailing bearish momentum might weaken during the following weeks, especially when taking into...
The US Dollar has been confined in a channel down against the South African Rand during the past two months. Its lower boundary was tested early in this session, when the rate was unable to move past the monthly S3 located at 12.27. This low volatility suggests that the pair might reverse from this medium-term pattern and initiate a new wave up. The steepness of...
The US Dollar recently plummeted against the South African Rand. From a technical perspective the reason for the fall was the encountering of a Fibonacci retracement level, which is measured by connecting the high and low levels of the last decade. However, that move was not as surprising as the fact that the following decline broke the support of a massive scale...
The US Dollar is currently trading in a long-term channel up against the South African Rand. The pair reached a 2017 high of 14.5422 on November 13, breached the previously prevailing ascending channel (drawn with dashed lines) and subsequently initiated a new wave south. If looking at the junior pattern, the Greenback should test its upper line circa 13.85....
USDZAR it´s going up right now, it is exactly at the daily support and touch the weakly uptrend so we spect at least to reach the latest maximum and breake the resistance to still going up.
USD/ZAR is trading in an up-trend since mid-July; however, the pair has failed to form an ascending channel due to a diminishing trading range. Thus, an ascending wedge is a more accurate representation of its movement. Meanwhile, the US Dollar has managed to hold this pattern for the last two and a half months; thus, it is currently located at a 2017 high of...
Although the USD/ZAR pair is not that popular due to low volumes and fundamental moves, a review of the pair needs to be done due to a recent rebound against a dominant resistance level. The pair recently bounced off the combined resistance of a long term channel up pattern, monthly R2 and weekly R3 near the 14.30 mark. As a result of the meeting of the...
During the past two weeks, the US Dollar has gained momentum against the South African Rand, thus forming a steep ascending channel. This pattern is a part of a medium-term descending channel. Currently, the rate is located in between the boundaries of two channels; thus, the following hours might demonstrate which could be the dominant direction during this...