USDZAR
USDZAR testing the structure 🦐USDZAR on the 4h chart is testing the support area after the test of the 0.382 Fibonacci level.
According to Plancton's strategy if the price will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDZARAfter a long week of consolidation and gathering more orders, we see this pair finally breaking and retesting the neckline, we can now expect a firm bullish run from this pair going into next week.
- we can expect a great swing starting from friday
Stay tuned for more entry opportunities.
USDZAR Opportunity Coming - Entering into buying zone - USD RANDUSDZAR Opportunity Coming - Entering into buying zone - USD RAND
FALLING WADGE PATTERN price has created a falling wedge pattern and we looking for a bullish reversal
USDZAR weekly candleThe pair has been bouncing between the 200-week MA and 100-week MA since the start of the year. The 200-week MA is a strong support rate for the pair and a strong catalyst will be needed for the rand to sustain rates below this MA (such as the "Ramaphoria" period in 2017).
Technical indicators are favoring a topside break out of the downward channel from 2020. The weekly MACD is holding a buy signal. There is divergence on the weekly RSI which is suggestive of rand depreciation. A falling wedge pattern also seems to be forming.
USDZAR bounced over a monthly support 🦐USDZAR after a few tests of the monthly support starts an impulse and currently is consolidating below a minor resistance area.
According to Plancton's strategy if the price will break above we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USD/ZAR Forecast/4 HRFX:USDZAR
A retracement forming on the 4hr after an
elliot wave formation during a downtrend.
likely reversal into an uptrend after
the full retracement completes.
USDZAR inverted hear and shouldersIf the pair manages to break above the 50-day MA and the downward channel from 2020 (which also lines up satisfyingly with the 100-day MA) we could see a move towards 15.65 and the completion of the inverse head and shoulders pattern. The rand has however been resilient to the broad based dollar gains this week. The MACD also seems to be rolling over which is rand negative.
USDZAR testing a monthly support 🦐USDZAR on the 4h chart break below the minor support area and now is testing the stronger support over an ascending trendline.
According to Plancton's strategy if the market will break below we can set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
USDZAR Triple bottom buying opportunityAnyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time.
Am I saying you should buy the USD?? No, I'm saying DYOR.
Confidence level 8/10
Please like and comment your thoughts. Interested to know what you think about this idea.
Goodluck!
Time to fade the dollar move and long the South African rand Risk markets were a bloodbath this week. Explosive moves in the RV yield curve space caused ripple effects across a variety of asset classes. The US equity market was significantly affected, albeit only 2.5% from SPY ATHs. That said, there were some vicious sector rotations with momentum (TSLA,AAPL) really underperforming. EM took the brunt of this hit too, with the rand down over 4% on the 25th Feb. Today we come into a setup where the rand fell further and is now starting to rebound, in line with broad equity risk and a potential short-term top in yields. I'm entering long zar against the USD, targeting the 10day EMA at around 14.77. I will take 4/5 of the trade-off there and let the rest run.
USDZAR H&SLooking like a solid H&S pattern on 4HR forming.
Currently long from 14.80, looking to unload at around 15.12
Will be opening a short position from around 5.18 and will be closing around 14.70
Lets hope this plays out
-FreddyFlamingo
USDZAR : PRICE ACTION 1D TIMEFRAME - PRICE READY TO GROW ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy : RESTEST ON BEARISH CHANNEL + DOUBLE BOTTOM + DIVERGENCE MACD
Have a Good Take Profits ! ! !
USDZAR testing the structure 🦐ON the 4chart USDZAR is moving over an ascending trendline.
The market hit and got rejected by a resistance level and now testing the support area.
According to Plancton's strategy if the price will break above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDZAR to the upside #SWINGWith clear formation of a double bottom and price rejection our confirmations have been ticked.
We would want to seek entries upon retest or around R15.50 via pending order to swing to the upside.
Fundamentals are directly relate to this, essentially a positive NFP will bring in massive bulls and vice versa - Trade with caution.
All the best.
