Hey traders! Below are the latest forex chart updates for Tuesday’s sessions. Learn from the provided analysis and apply the recommended positions to your next move. Good day and Good Luck! USD/ZAR The pair failed to breakout from a major resistance line, sending the pair lower towards a key support line. South African Rand is flat in today’s trading session as...
My idea for usd/zar = L and after breakout ATH - more positions
USDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I...
Main items we see on the chart: a) Price has broken a Wedge formation b) After the break out, the price formed a pennant pattern c) Pennant patterns are considered continuation structures d) If the price breaks down the pennant pattern we will use Fibonacci retracement levels, to define our TP1 and TP2 Based on the previous items, if price breaks down...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
The pair is trading within a 1D Channel Up (RSI = 56.302, MACD = 0.105), currently on its Higher Low zone (Highs/Lows = 0.0000). This is an ideal opportunity to go long on the next +5% leg. TP = 15.40000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...
Hi All, USDZAR is in a downtrend. I think is worthwhile to watch this chart and find the correct short entry. What are your opinions? Greets,
FX:USDZAR Approaching top of the channel started sometime in 2016. Lets see what happens here.
Looks like a potential very nice setup here. With the big wedge on the left and the low time frame one on the right. So i am going to follow this one closely, to see if we find some resistance at the high while staying below the red zone. Because this one has long term potential, i am going to build up a pos here. So starting small and building it up on the way...
Trade Background: Not much to say here due to the nature of the trade being a short one and relying solely on technical analysis. Trade Idea: Positioning: Buy Time frame: 1H Length of Trade: 1 day to 2 days Entry: Between 14.5000 to 14.5400 Stop: 14.5000 Exit: 14.7600
The pair is pulling down on the 1D chart and has reached its pivot point (RSI = 50.729, CCI = -28.2213, Highs/Lows = 0.0000). This should accumulate some buying pressure to take it slightly higher only to be most likely rejected again towards the 12.90 - 13.87 Support Zone. We are short with TP = 13.900. ** If you like our free content follow our profile...
USDZAR completed running flat correction. Making a nice flag right now for upside.
After hitting marked resistance level, price started consolidating and pointing towards downside. I would expect some sort of pullback before entering this trend, but I would not enter before we get close below 50 moving average and black line.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
USD Fundamentals Fundamental Quant Scores dipped to a negative -3 - Continuuing Jobless claims increased by 6,000 suggesting more US citizens are claiming credit to help support their lifestyle. - Latest GDP for Q4 showed a less than forecast outcome missing it by 0.2% - Pending Home sales a huge leading indicator dropped to -1% when forecast to stay above 0 -...
Hi All , Opening a buy on this pair . price is currently stuck at the bottom of the rectangle range , where we have our support line . Bullish engulfing candle H1 . Many Thanks.