USD-ZAR
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!
USDzar, waiting for a bearish impulseCurrently developing bearish flag pattern. Waiting for a break of the low to validate the move.
USDZAR Possible Downtrend ContinuationPrice hits a falling trendline resistance and might continue the prevailing trend if this resistance holds.
"USDZAR: Short Setup" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and made a Pullback to it.
- Now, it is on a correction.
- If price breaks the correction, potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
USDZAR with a decent potential bullish pushWe took a little intra-day buy on USDZAR based on the details in the chart.
The Risk/Reward is decent and we are just looking to ride the trend here to the upside. We will lock in gains after a 0.3% rise in price.
USDZAR SHORT TRADEUSDZAR formed head & shoulders pattern
Price rejected from 61.8% Fibonacci of preceding wave at level 14.9555 and confirmed by bearish engulfing candle
Below moving average 100
MACD shows weakness in bullish momentum
RSI reached overbought region
It's expected for coming strong bearish wave to test key level at 14.2780
"USDZAR: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and made a Pullback to it.
- Now, it is on a correction.
- If price breaks the correction, potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Dollar / Rand: Potential Running CorrectionThe 240 min chart has a potential RC and should this be the case we would be headed for a quick move to R14.88 - R15.19.
I would look to buy this chart on a pullback to R14.34 with a stop under R14.24, giving one a 54/10 bet based on the min target level at R14.88 or but on the 240 min close over R14.50 with a stop under R14.45 and this will give one a 44/10 bet (depending on the long entry due to the 240 min close) based on the min target level at R14.88.
love these odds and hope you make a killing!
Giancarlo
USDZAR SELL SETUPUSDZAR rejected from downtrendline and key level 14.5313
Pair is based below HVN at level 14.7587 which indicates power of bears
Price reached overbought region on RSI
MACD shows negative momentum
It's expected for coming bearish wave to test the demand zone near level 13.8640
