USD-ZAR
UPDATE!! USDZAR another selling signal on the go 🦐After last call on this pair the market is giving us another selling signal.
Price manage to break the structure in yellow during the past trading days and retested the structure, as soon soon the price will break and close below the blue structure we can look for another selling order according with our strategy rules.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
USDZAR BuyTrading is not 100% knowing where the market will go to but it sometimes means with proper fund care you can enter special opportunities such as this one. Price is at Support deciding to break above its local minor resistance which gains my interest, I believe price may struggle to push ahead certain price ranges but confident that the Greenback will push ahead knocking out Sell Order. Entered Bullish in this trade at its exhaustion, left some key notes on this chart.
USDZAR H4There was a complicated wxy formation in the B wave. As i said in my previous analysis I'm long in the short term.
ridethepig | Dovish SARB On Deck!We are reaching the lows in the range right on time for SARB today. Markets are expecting a 50bps move, a little bird tells me that we are set for more... Remember the domestic story in South Africa is only going one way; sadly it's the same outcome as Turkey.
On the technical side, tracking closely the 18.00 support to build longs outguessing a dovish SARB. Look to target the 18.5x and 19.0x highs and lighten up below 17.7x.
Good luck.
$USDZARFX:USDZAR
Testing bottom of the rectangular pattern.
Break bellow will open 16.80-17.00 as target.
USDZAR approaching support, potential bounce | 29 April 2020Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level , in line with our 38.2% fibonacci retracement . The video analysis is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
USDZAR approaching support, potential bounce | 29 April 2020Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level, in line with our 38.2% fibonacci retracement. The written version is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
tracking compas in USD/ZARAccording to the type of induction that London did, we can see a follow-up of purchases in new york with structure
USDZAR technically based forecast
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💡 USDZAR technicaly based idea, we can see price is bounce from supp line - trend line, two tops are created, technicaly indicators showing we can expect trend revers from this position.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
