Mid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (16.545). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDZAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as...
USDZAR watchout for a sell or buy entry, be patient wait for your signal.
USDZAR broke downtrendline Price is based above support level at 16.5560 Above SMA 100 MACD shows bullish momentum It's expected the continuation of bullish momentum to target first key level at 17.1186 then finally target HVN at level 17.4091
USDZAR is forming Head and Shoulders pattern Price is based below resistance level at 17.5150 Below SMA 100 RSI is in downtrend We r waiting price to break next support level and HVN at level 17.3238 to open short trade It's expected for coming bearish movement to target key level at 16.8155
USDZAR broke major downtrendline on H4 frame Price broke key level at level 16.9040 with strong bullish movement Price is above HVN level 16.6836 MACD shows bullish momentum It's expected for the continuation of bullish movement to first target resistance level at 18.0000 then finally target supply zone at level 19.1875
In Exotics price tends to move at 1. a higher pace & 2. a little bit of an unorthodox style meaning price does not always respect trends/ fibonacci/ market structure. However I will still be looking at this interesting zone to find a bullish entry due to my observations saying that this pair is OverSold.
Pattern: Channel Down on 1D. Signal: (A) Bearish as long as the 1D MA50 (blue line) is intact, (B) Bullish if it breaks or the RSI enters the Buy Zone. Target: (A) 15.500 (former Resistance and now Support), (B) 17.8850 (Symmetrical Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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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. ––––– Follow the Shrimp 🦐 Here is the...
Trading 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...
low risk .USDZAR is in a massive consolidation we going to trade short term for now