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USDZAR

USDZAR POSSIBLE OHLC MONTHLY (AUGUST) AND YEARLY STRUCTURE Please support this idea with LIKE if you find it useful.. OHLC AUGUST MONTHLY STRUCTURE /OHLC YEARLY STRUCTURE ******************************************************************************* Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
8
Buy the Breakout of 17.04... Exotic Pairs Rise in USD Weakness!!Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR, USDNOK, USDMXN From last couple of years.. whenever there is weakness is in USD.. the Exotic pairs always gone for more rise and new highs!!! So right now USD weakness is all over place.. but exotic pairs starting showing potential to go upside.. USDZAR has made double bottom on 4hr and Daily.. Only thing is stalling it 200 sma on 4hr.. and then we have 50 sma on Daily.. Once clearly 17.02 taken out i am expecting another new high by taking out 19.34!!!!! I think correction has ended so a new wave is on its way.... maybe this time 21 or 23.0? Chart of usdzar is very clear.. and USDMXN is also getting ready to test its upper resistance trendline..
Long
by Jollymolly
Year-end USD/ZARMajor resistance for the USD/ZAR pair is expected at 17.27 and a break above this rate will see the forecast range between 17.32 – 17.48 realize year-end. A move into this range is less probable than the zone’s below the major resistance of 17.28. Red zone 1 is expected for August month-end. Red zone 2 is expected for September month-end. Red zone 3 is expected for October and November month-end. Red zone 3 is critical and could be seen as a resistance zone, an upside move out of this range will allow the USD/ZAR to move up into the forecasted year-end range if the resistance at 17.28 does not hold. A failed break above 17.27 will see the USD/ZAR retrace it’s gains and close the year in red zone 3. A failed break above the red zone 3 will see the pair retrace it’s gains and close in the red zone 2, which is at the moment the most likely yearly closing range . Rand strength: The 200-day exponential average, currently at 16.42, is expected to keep the rands’ gains at bay. Rand strength will allow the pair to break this support rate and move the pair into the neutral zone (red zone: 0). A break below the neutral zone will allow the rand to strengthen into “yellow zone 1” between 15.88 and 16.08. The best case scenario for the rand will be a move towards the floor at 15.50, in “yellow zone 2.”
by GustavFourie96
USDZAR testing the structure 🦐USDZAR has been moving in a downtrend due to the weakness of US dollar. MArket has been retracing the 0.5 fib level, then break and retest he 0.382 and now is testing the daily structure for a new recent low. If the market will manage to break and close below the structure we can set at the retest of it a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Short
by InkyGrip
5