USD/ZAR has been trading in a narrow ascending channel since early September. This upward movement has pushed the rate to its six-month high at 13.8548. As apparent on the chart, the US Dollar has lost is strength during the last two up-waves, as its latest two peaks have failed to reach the upper channel boundary. The last peak was halted by the weekly R1 at...
SA 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
USDZAR 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.
The 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...
Usd 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
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.
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.
The 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...
As 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. My service are free .. if you trade my idea with profit, please make a donation to this bitcoin address 14hiFQfBZHLBsZ6D9oCr3g1cnoESLbHJNS thankYou ;-)
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
Looks 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 soon, It can keep pulsing down, but a buy on a good breakout might not be a bad idea!
USDZAR 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
Finally 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 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.