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USDZAR

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
USDZAR Swing tradeI only take high probability trades. I love clean swing trades like this one cos I dont like being on the charts all the time, nor everyday all day. Should price break above the Blue line I am going to allow my trades to run. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Remember to exercise proper risk management and have the patience to see your trades play out. Message me for Q & A's about how to trade like me. #TradeLikeMagnatrio
Long
by Magna_Riqueza_Divina
2
BUYING OPPORTUNITY FOR USDZARAfter a long bearish trend for USDZAR over the past two weeks, finally, the price was able to reach the weekly support cluster. We can also see the loss of momentum as the price approaches this zone. Moreover, there's formation of a bearish channel on the zone which signifies a potential reversal. To buy the market wait for the breakout of the channel then buy on the retest. NB; Trade carefully and wait for clear price action to enter the market as market conditions can change anytime. What is your plan on USDZAR? Bullish or Bearish, comment below!
Long
by Erady_Pascal
2
USD/ZAR: FUNDAMENTAL ANALYSIS + SHARK PATTERN FORMATION 🔔The South African Current Account for the second quarter is predicted at ZAR305.1B, and to the Current Account Percentage of GDP at 4.90%. Forex traders can compare this to the South African Current Account for the first quarter, reported at ZAR267.3B, and the Current Account Percentage of GDP at 5.00%. South African Manufacturing Production for July is predicted to decrease 3.0% monthly and increase 3.6% annualized. Forex traders can compare this to South African Manufacturing Production for June, which decreased 0.7% monthly and increased 12.5% annualized. US Initial Jobless Claims for the week of September 4th are predicted at 335K, and US Continuing Claims for the week of August 28th are predicted at 2,744K. Forex traders can compare this to US Initial Jobless Claims for the week of August 28th, reported at 340K, and to US Continuing Claims for the week of August 21st, reported at 2,748K. The forecast for the USD/ZAR remains bearish despite its recent sell-off. Can bears extend their dominance over the USD/ZAR and force more downside?
Short
by FOREXN1
1