Get started

USD-ZAR

USDZAR short term short and long term longThis one made a big rally the past weeks, even getting above that green zone on the left without hesitation. Now it has some resistance from that channel, but because the move up was so strong, it is becoming more likely that it will break sooner or later. Normally we should see it make a healthy correction first the coming week or so. On the right we can see a possible double top, normally it should stay below the green zone. The max should be around the red zone. Previous analysis:
by botje11
2
USD ZAR SHORT.... like my temper ;pYou can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside. Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy that they have got FREE off the internet in-between w#nking off to p#orn in his mums basement!!!
Short
by Apex_Gregg
USDZAR: Buy call on Inverse Head & Shoulders.The pair has formed an Inverse Head and Shoulders on 1D with the neutral ADX - 34.570, Williams = -52.239, CCI = -21.3641, Highs/Lows = 0.0000 indicating the sideways bias for the next 5 sessions during the creation of the right shoulder. 4H (RSI = 46.340) also calls for sideways trading within the 13.77 - 13.98 neckline, so we are taking a long with TP = 13.9600. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDZAR: The long term bearish outlook.This pair is on a recurring bearish pattern sequence on the long term 1W chart. This mix includes a parabolic rise, which when it reaches a top, it develops a Channel Down on 1D (RSI = 37.566, Highs/Lows = -0.3871, BBP = -0.4893). This Channel Down is currently targeting 13.27600 and 12.800 in extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
USDZAR approaching resistance, potential drop! USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.600 (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price should it react off this level.
Short
by FlowState
1
USDZAR Bullish Wedge, Part 2Sometimes i just get really scared of myself :) Anyway, so far going almost perfect. The entries are already in since the bounce up was so strong this time. I have added a third entry for this game plan, that is if we see a daily close above that red zone, i will add even more to this position if we see something like a bull flag happening. If this plan works out, i will take profit in 4 parts towards the target, but leaving 25% open with a tight stop below it, just in case this wave up would get extended. Previous analysis:
Long
by botje11
22
USDZAR approaching support, potential bounce! USDZAR is approaching our first support at 13.60 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement, Horizontal pullback support, Descending channel support) where a strong bounce might occur above this level pushing price up to our major resistance at 13.97 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance). Stochastic (55,5,3) is also approaching our support and we can see a bullish divergence where we might see a corresponding bounce in price.
Long
by FlowState
1
USD/ZAR 1H Chart: Downside potentialThe US Dollar has been depreciating against the South African Rand gradually since the beginning of August. This movement has been bounded in a falling wedge. During this week the pair has been trying to breach the resistance level formed by the weekly R1 at 14.54. Given that the exchange rate is being pressured by the 55-, 100– and 200-hour SMAs, it is expected that the rate targets the lower wedge line located circa 13.85 within the following sessions. Technical indicators also support bearish scenario. If given wedge does not hold, a breakout south might occur. Potential downside target is the Fibonacci 50.00% retracement at 13.58.
by UnknownUnicorn890690