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USDZAR

USDZAR 1D chartExpecting the 4th wave end soon and waiting for long. Technically, the price is finishing the adjusted wave C with double bottom and reaches Fib 0.318 of the 3rd wave. Also, on weekly chart the head shoulder pattern leads the price go up. On the other hand, SA has a non event SONA this week, unemployment rate remains at high level. I can’t see anything to support ZAR except for higher prices of commodities atm. FOMC is coming and the hike rate won’t be long. Let’s see. It’s my personal analysis and not for other investment purposes. Trade safe.
Long
by yanheer
3
USDZAR 4 Hour ChartThis is a test chart for my modified predictive indicator. The red arrows are stops. High and Low points can occur on the white vertical line (Daily Swing Prediction line) or within three candles on either side of a white vertical line The trade is entered when a candle crosses the White vertical line (Daily Swing Prediction line) and there is a change in candle color. After the candle color change the first candle to be completely captured by the 4 MA is the trade entry candle. The trade is exited when a candle crosses the White vertical line (Daily Swing Prediction line) and there is a change in candle color. After the color change the first candle to be completely captured by the 4 MA is the trade exit candle.
by Dinjin
USDZAR OVERSOLD - LONG TERM TRADE[Fundamental insight: We are experiencing an influx of ‘endemic’, and Covid is on the verge of disappearing from the news. With record U.S. inflation, the market is not in hurry to buy USD toward March rate hike. We are still in the strong bullish bias on USD into March. With the tight labor market, no matter what, inflation will keep rising and will be rising even more as pandemics fades away. And the March hike rate has been confirmed by Jerome Powell. The key moment for the next week is FOMC. We suspect that the Fed will only re-iterate their previous stance with some wishy washy flavor like easing inflation, supply bottleneck, etc. This will not affecting their stance to hike on March. The setup: However, it is always possible that there will be further weakness for USD. This is why it is always important to start enter position lighty relative to your account. So it have capability to averaging in case that the trade not going into our favor immediately. If you are not comfortable or not experience on this kind of trade, it is better to stay away. This is more about broader view on USD, please do your own diligent to check entry based on your method or technical analysis. Do not forget that this is an exotic pair. Which mean, the pip value is there. and the big spread spike on some brokers is always possible. Remember to always trade safely. Cheers.
Long
by TradingCocktail
2
USD / ZAR 15.36988 +1.79 % LONG IDEA * CONTINUATION PATTERNHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the base of this structure creating a double bottom as we enter a strong bullish rally. - Short term the pair has currently broken structure possibly signaling a strong bullish momentum on the 4h chart this. - There is a supply zone to look out for on the on the pair ahead which will serve as the target for this trade should the ENERGY continue upwards. - Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu