USDZAR
USDZAR 4HRS ANALYSISHello Traders, here is the analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDZAR 4H PRICE ACTION, STRUCTURE CONTINUATION IDEA.Hey Everyone
Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle.
Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears.
A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair.
Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽
SOUTH AFRICAN RAND STRUCTURE ANALYSIS|
USD_ZAR IS TRADING IN A FLAG/TRIANGLE
FUTHER MOVEMENT WITHIN THE TRIANGLE IS EXPECTED UNTILL THE BREAKOUT
Given that I am bullish on the Dollar and considering the situation in South Africa,
I expect the breakout upwards, as when the Dollar strengthens properly,
the weakest currencies fall first and faster than others.
And Rand is super weak.
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