USDZAR
USDZAR ANALYSISUSDZAR broke major downtrendline on H4 frame
Price broke key level at level 16.9040 with strong bullish movement
Price is above HVN level 16.6836
MACD shows bullish momentum
It's expected for the continuation of bullish movement to first target resistance level at 18.0000
then finally target supply zone at level 19.1875
Possible shortPossible bearish if market does not break the trend resistance line,If you want to go short a sell stop will be dope @16.70159
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..
USDZAR LOW OF NEXT WEEK BUY ZONESee how you can grab some money from this and check out the daily chart from yesterday.
Good luck!
YELLEN
USDZAR ANALYSISUSDZAR broke downtrend line and key level around 16.802
price above SMA 100
MACD shows strong bullish momentum
RSI in uptrend line
so its expect bullish momentum to resistance level 1 around 17.200
then to resistanc level 2 around 17.500
USDZAR [1H] Hitting Top again Must Sell it 🔥🔥🔥USDZAR Hitting Top again Must Sell it 🔥🔥🔥
USDZAR 1H now hitting on resistance zone and previously, had to test the resistance and could not continue
That it key to profit Sell it on Price close (No break)
Goodluck Big Profit ✅✅✅
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.”
USDZAR SHORTUSDXXX has been overall short and with yestarday closing low we expected either price drop or a demand retest we at one of the orderblocks.
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.
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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.
USDZAR NEXT TRADE SETUPUSDZAR is about to test its near support level as indicated in the analysis. we can have a good short pips before it tests its monthly support.
Entries should be taken only if all the rules of entries are applied.
USDZAR Bullish TrendIn Exotics price tends to move at 1. a higher pace & 2. a little bit of an unorthodox style meaning price does not always respect trends/ fibonacci/ market structure. However I will still be looking at this interesting zone to find a bullish entry due to my observations saying that this pair is OverSold.
USDZAR ShortPrice was rejected at a support zone, pushing it back up to the resistive trendline. Price appears to be getting rejected at the resistive trendline, presenting a short opportunity for USDZAR. The first target would be the previous support zone at which price was rejected. Price appears to be showing bearish pressure, improving the odds for this trade. However, a break and retest above the resistive trendline will invalidate this idea.
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Best of luck traders!
USDZAR Trading PlanPattern: Channel Down on 1D.
Signal: (A) Bearish as long as the 1D MA50 (blue line) is intact, (B) Bullish if it breaks or the RSI enters the Buy Zone.
Target: (A) 15.500 (former Resistance and now Support), (B) 17.8850 (Symmetrical Resistance).
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