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USD-ZAR

USDZAR testing the structure 🦐USDZAR on the 4h chart is testing the support area after the test of the 0.382 Fibonacci level. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
USDZAR bounced over a monthly support 🦐USDZAR after a few tests of the monthly support starts an impulse and currently is consolidating below a minor resistance area. According to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
USDZAR testing a monthly support 🦐USDZAR on the 4h chart break below the minor support area and now is testing the stronger support over an ascending trendline. According to Plancton's strategy if the market will break below we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
Short
by InkyGrip
4
USDZAR testing the structure 🦐ON the 4chart USDZAR is moving over an ascending trendline. The market hit and got rejected by a resistance level and now testing the support area. According to Plancton's strategy if the price will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
Emerging market FX to fall another 4-5% - Morgan StanleyIn other words, they expect a stronger dollar narrative to prevail. The firm is downgrading their view on emerging market (EM) FX for the second time in two weeks, expecting another 4-5% drop given the current market landscape. The MSCI EM currency index fell by 0.7% at the lows today and was poised for its biggest daily drop since March last year, only to recover a little upon testing the key support. That highlights the dollar's standing right now in the market and how vulnerable other currencies, including EM currencies, are to the recent resurgence in the greenback. Now, from a technical analysis, wait for the price to form a continuation pattern and watch strong price action for buy.
by thunderpips
1
💡Don't miss the great buy opportunity in USDZARMidterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the trough at 14.51015 on 2020-12-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 14.7500 on 01/21/2021, so more gains to resistance(s) 15.3750, 15.6585, 16.0745 and maximum to Major Resistance (16.3405) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 55. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (14.761 to 14.503). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (14.761) . Ending of entry zone (14.503) Take Profits: TP1 @ 15.3750 TP2 @ 15.6585 TP3 @ 16.0745 TP4 @ 16.3405 TP5 @ 17.1045 TP6 @ 17.7885 TP7 @ 19.3350 TP8 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
11
💡Don't miss the great buy opportunity in USDZARMidterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the trough at 14.51015 on 2020-12-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 14.7500 on 01/21/2021, so more gains to resistance(s) 15.3750, 15.6585, 16.0745 and maximum to Major Resistance (16.3405) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 55. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (14.761 to 14.503). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (14.761) . Ending of entry zone (14.503) Take Profits: TP1 @ 15.3750 TP2 @ 15.6585 TP3 @ 16.0745 TP4 @ 16.3405 TP5 @ 17.1045 TP6 @ 17.7885 TP7 @ 19.3350 TP8 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
BIG OPPORTUNITY IN USDZAR - USD/ZAR - YOU CAN MAKE HUGE PROFITBIG OPPORTUNITY IN USDZAR - USD/ZAR Dear Friends , This is "Weekly" chart for USD/ZAR - High is 19.33 and current Trading between 14.67/14.69 , Huge Support at 13.97/if broken next big support 13.16 , Important part is RSI which is already at 30 and since 2009 it never went down below this point in weekly chart , weekly chart means you can see here for long term profit till 17 atleast , Good Luck , Happy and Safe Trading..!!!
Long
by UnknownUnicorn6253288
1
USDZAR bounced over a monthly support 🦐USDZAR after the long dowtrend reaches a monthly support. The price bounced sharply and create a nice impulse. Now the price is consolidating below a minor resistance and if the price will break above we can consider a nice long position. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
18
USD ZAR BUY (US DOLLAR - SOUTH AFRICAN RAND)Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/ZAR bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit. In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the dollar across the board. Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc .
by thunderpips
2