The USDZAR is at a confluence zone of trendline, resistance and retest of broken channel. We can sell the USDZAR with proper risk and trade management. Thanks and good luck. Please do well to like, comment and follow for more analyses and educational contents.
Hi All, Inverse H&S has presented itself on this pair and we will be looking to activate our long position until Jan 2022. Entry and Sl marked. Likes and comments welcome.
OANDA:USDZAR This requires a quick action. PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Looking forward to a drop on thee pair after 3 touches to thee upside
USDZAR short: My analysis Overall Down trend Fib 61.8 on 4hour timeframe Daily zone
The forecast for the USD/ZAR turned bearish after this currency pair lost upside momentum. Traders should expect a rise in volatility as bulls and bears wrestle for control. Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you...
You can see if we put both the DXY and USD/ZAR next to each other how well they correlate at the moment. Both charts have retraced respectively giving a strong narrative that if the DXY respects the trend and moves higher, that USD/ZAR will follow suite. The South African economy has taken a huge knock this week due to extended Covid restrictions but more...
I have bought USDZAR. FX:USDZAR Civil unrest has erupted in South Africa after the arrest of former president Jacob Zuma. The currency pair has been in a downtrend since April 2020 and has just broken the downward channel to the upside. I prefer trades with such a confluence of factors working in their favor. Let's see how this plays out. - Sure Capital
USDZAR LIFETIME Opportunity Buying Zone - USD RAND WEEKLY ANALYSIS ( BUY AND HOLD FOR AN YEAR )
USDZAR Opportunity Coming - Entering into buying zone - USD RAND
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...
USDZAR Opportunity Coming - Entering into buying zone - USD RAND
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...
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...
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. •...
In 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...