USDZAR
USDZAR - Learning to tradeThe way I understand it is we have hit a key level of support
FIB retracement at 61.8%
DXY Pulling back to 111.560
3 beautiful Green candles growing in size.
Bulls have finally woken up after a weekend of hibernation
Going Long !!! Wish me luck
Remember im learning , im a noob and you are better at this than / then me ... Believe in yourself not me
USDZAR Looking horrible STILLThank you for the request
USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00
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USDZAR could reverse at top of channelwatch for some consolidation above this 18.00 USDZAR level. If we see equity markets settling and some return to risk assets in the next few days, we could see zar move back to 17.50-17.60 in the short term. Extended strength could see us back to around 17 which would coincide with the lower end of this channel.
Learning to trade - USDZAR NASDAQ And how I position my tradesThese are purely my views and they are not to be seen as truth or offensive to any stocks or currency.
CPI Results -
Historical Data, Release Date, Time, Actual, Forecast, Previous
Oct 13, 2022 (Sep) 14:30 - 8.1% 8.3%
Sep 13, 2022 (Aug) 14:30 8.3% 8.1% 8.5%
Aug 10, 2022 (Jul) 14:30 8.5% 8.7% 9.1%
Jul 13, 2022 (Jun) 14:30 9.1% 8.8% 8.6%
Jun 10, 2022 (May) 14:30 8.6% 8.3% 8.3%
I suspect a massive shift in the markets in October.
Oct 13 CPI results.
USDZAR 27th SEPTEMBER 2022Early October will be a lot of high impact data that will be released. it's possible that until Friday (September 30th) USD will correct/bearish as market participants do profit taking and reduce risk to commodities that are currently needed such as gold and oil.
Nevertheless, the macro trend of USD still tends to be bullish
USDZAR top-down analysis, UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCAD and USDZAR top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.