USDZARUSDZAR DAILY CHART
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USDZAR
buy setup usd/zarbuy setup usd/zar.
I already entered this trade, for a better entry go to lower tf.
Im expecting soon to break the resistance for then to have more confirmation.
Looking for Long on USDZARDXY was refracting yesterday and the rally continues to the upside.
We are also in a demand zone in confluence with 78% fib level.
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USDZARUSDZAR has been consolidating for a while and creating a retangle. I does smooth moves every day, so I personally will wait for break of the structure. Then for break of the 16.36220 price level area for long term sell - strong resistance area.
UsdZar: The wedge continues...The pair is working into a wedge and it's being squeezed by the 50- and 200-day EMA's.
I expect the 200-day EMA to hold but tomorrow's ECB meeting could see funds flowing to emerging markets which places the 200-day EMA at risk of being broken. Opinions?
USDZAR 2 Potential Reversal ZoneFX:USDZAR
USDZAR soon coming to an End of 5 wave of WAVE C
There 2 potential reversal zone that might be the area for selling. This selling zone will signify a big drop in USD
USDZAR ANALYSISUSDZAR broke downtrendline
Price is based above support level at 16.5560
Above SMA 100
MACD shows bullish momentum
It's expected the continuation of bullish momentum to target first key level at 17.1186
then finally target HVN at level 17.4091
USDZAR 16.87410 + 0.03 % SHORT IDEA * TREND CONTINUATION IDEA Hey everyone
Here's an idea on the DOLLAR / ZAR The pair has been in a down trend looking for continuation of this moves in the coming week unless the markets starts indicating otherwise but till then on the 4H chart the pair is currently trading in a symmetrical triangle/pennant which could possibly indicating continuation with the bears lets see how it goes...
HAPPY TRADING EVERYONE
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RISK-MANAGEMENT
PERIOD - SWING TRADE
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USDZAR LONGWe might see it break support and go retest the last support drawn on chart and revers towards the upside but my bias overall is Bullish for the pair
USDZAR LONG!Can we see the USD gain strentgh today?This is my forecast for USDZAR, let's see if it plays out. It already made a small Higher High. And aslo, if you look at overall structure of chart, it is actually still Bullish.
