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USDZAR

USDZAR 15.72020 + 0.5 % LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR. Looking for continuation on the pair for a completion of the impulse. 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
USDZAR:Sustained Bounce Upwards Brings Short-Term DecisionAs the USD/ZAR begins trading this week the Forex pair has been able to sustain its higher short-term realm since bouncing off strong support levels last week. As of this writing, the USD/ZAR is near the 15.30000 ratio and rather interesting support persist near the 15.27000 to 15.25000 levels. While looking above, resistance seems to be near the 15.37000 mark. The question for short-term speculators is where the next cycle of trading within the USD/ZAR will move towards and a choice needs to be made. The USD/ZAR has proven choppy for speculators and financial houses alike the past month. Global Forex results have been difficult to trade for a wide spectrum of market participants and many technical and fundamental techniques have faced challenges as important central banks and their treasuries have created nervous sentiment. The USD/ZAR was trading within sight of the 15.50000 level on the 3rd of November, then reversed lower and hit the 14.86000 mark on the 9th of November which is where support then ignited another run higher. The USD/ZAR hit the 15.48500 ratio on the 11th of November and then declined to the 15.19000 later in the same day. Intriguingly, the USD/ZAR had another day of trading before going into the weekend and on the 12th touched a high near 15.36000 and produced a low of 15. 22000. This little piece of evidence suggests the USD/ZAR was not able to break the low seen on the 11th and its move upwards in the short term might be able to be sustained. The USD/ZAR is near a rather solid inflection point regarding the 15.30000 value. If the USD/ZAR is able to maintain support levels near or slightly below this mark there is enough speculative technical information that suggests another move upwards could be produced which will test resistance levels. Traders, however, should not get overly ambitious and remember the choppy results Forex has produced the past month on a nearly weekly basis. Traders may want to wager on buying positions which seek nearby resistance targets using tactical take profit and stop loss orders which work to ‘cash out’ positions which have hit their goals. The USD/ZAR appears to be headed for a rather turbulent week of trading as nervous sentiment remains strong in the global markets. South African Rand Short-Term Outlook Current Resistance: 15.37000 Current Support: 15.26900 High Target: 15.46900 Low Target: 15.17000
Long
by SmoothJB
WILL SA BEAT USD ??TECHNICALS The rand has never need a strong competitor against the green backs but technically the may win this time and here is why on the daily timeframe we note that prove has come to a daily reisistace zone of 15.45085 and we see that price has wicked out eveytime within that zone he rsi price has touched the over bougth line being at 70.00 FUNDAMENTALS TO LOOK OUT FOR FRIDAY, NOVEMBER 12 15:00 USD Michigan Consumer Sentiment Index(Nov) PREL 17:10 USD Fed's Williams speech SPEECH 17:10 USD Fed's Williams speech
Short
by LUNGU_FX
USDZAR - NeutralWhat are the factors affecting the USD / ZAR this week? Risk sentiment will play a large part in the USD / ZAR . Last week saw traders pull away from safer currencies such as the USD, indicating a risk-on sentiment was prevalent in the market. Over last week, coinciding with the start of November, the USD depreciated by 1.427% against the ZAR, squeaking below the 15.000 precipice. There are no hugely critical economic reports due from South Africa this week. However, next week the ZAR may be under pressure after announcing the Inflation rate YoY (October). Inflation is expected to increase by .2 percentage points to 5.2%, further pulling away from the South African Reserve Bank’s midpoint inflation target of 4.5%. Next week, US economic data might be worth watching, including Inflation Rate YoY (October) on Wednesday and JOLTS Job Openings (September) on Friday. Inflation in the US is predicted to get as high as 5.8% in the October reading, up from 5.4% in September. The JOLTS Job Openings should hopefully show some sign that the tight labour market in the US is beginning to loosen.
by iamkhotso
What Affects The USD/ ZAR This Week?Since we last checked in on the South African Rand (ZAR) in June 2021, the currency was appreciating toward multi-year highs of 13.37 ZAR per US dollar, previously not seen since January 2019. In the proceeding five months, leading up to the present, the USD has staged a comeback against the South African currency and is now level with the average exchange value for the first two months of 2021. Some wild swings occurred during the revival in the USD / ZAR, with many value-overshoots forcing quick corrections. That is to say, bullish sentiment didn’t last long without a bearish retracement with this pair. For the most part, retracements have been hugging close to the Fib levels. What are the factors affecting the USD / ZAR this week? Risk sentiment will play a large part in the USD / ZAR. Last week saw traders pull away from safer currencies such as the USD, indicating a risk-on sentiment was prevalent in the market. Over last week, coinciding with the start of November, the USD depreciated by 1.427% against the ZAR, squeaking below the 15.000 precipice. There are no hugely critical economic reports due from South Africa this week. However, next week the ZAR may be under pressure after announcing the Inflation rate YoY (October). Inflation is expected to increase by .2 percentage points to 5.2%, further pulling away from the South African Reserve Bank’s midpoint inflation target of 4.5%. Next week, US economic data might be worth watching, including Inflation Rate YoY (October) on Wednesday and JOLTS Job Openings (September) on Friday. Inflation in the US is predicted to get as high as 5.8% in the October reading, up from 5.4% in September. The JOLTS Job Openings should hopefully show some sign that the tight labour market in the US is beginning to loosen.
by BlackBull_Markets
1
Analysis on USDZAR pair, Case 1 and 2.Base on technical analysis on USDZAR pair (Ascending triangle chart pattern) we have forecast 2 cases - 1) Retracement If the trend fail to break the resistance line and stay above the resistance line we expect a retracement to a higher low. we can make a sell position and target take profit at 14.85000 2) Breakout If the trend breakout the resistance line and stay on the resistance line, we expect the trend continue upwards and a long position can be place. Target take profit price at 16.00000
by FirstFortuneCapital