USD/ZAR, price in strong downtrendWe will be looking for selling opportunity if price breaks the area of previous support now turned resistance. After the results of IRD, there is no doubt, that trend will continue. Pullbacks offer value.
USDZAR
UPDATE ON NASDAQ, GOLD, GBPUSD & USDZARHi guys,
Here is my scorecard for this week. Hopefully these ideas put a few pennies in the pocket.
Best,
Fibz
USDZAR OUR FIRST TARGET REACHEDUSDZAR OUR FIRST TARGET REACHED
Hello, here is my analysis for USDZAR .
Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
USDZAR Long+Short Trade Idea Latest Updated 2020 By HydraI appreciate your coming to see my Idea .
please Comment, Like and Follow to encourage me.
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if You Need Trading guide, ANY Notes about trading Feel free to message me.
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Please ensure you fully understand the Risks involved.
ridethepig | Dovish SARB On Deck!We are reaching the lows in the range right on time for SARB today. Markets are expecting a 50bps move, a little bird tells me that we are set for more... Remember the domestic story in South Africa is only going one way; sadly it's the same outcome as Turkey.
On the technical side, tracking closely the 18.00 support to build longs outguessing a dovish SARB. Look to target the 18.5x and 19.0x highs and lighten up below 17.7x.
Good luck.
USDZAR LongLooks like a liquidity sweep below the (X) and bullish divergence printing from prev. low in the range. This is a great r:r long trade.
It also looks like DXY is moving up slowly and USDZAR should as well w/ reasons stated above.
Trade Details on the chart
Not investment advice
USDZAR BUY INTRADAY IDEAHi Traders,
Have a look and see if it will make sense to your bias.
Good luck,
FIBZ
USDZARThere no actual secret to trading , just practice , watch videos from reliable sources and polish your skill . a loss is an opportunity to look back and rectify your mistakes .
USDZAR SHORT AFTER RETESTHello, here is my analysis for USDZAR .
Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
$USDZARFX:USDZAR
Testing bottom of the rectangular pattern.
Break bellow will open 16.80-17.00 as target.
$USDZAR Continuation or not?Triangle consolidations are normally continuation patterns in the direction of the preceding trend. I for one doesn't hope this plays out but nevertheless as traders we can't let our emotions get the better of us. Triangle is still in development but one to keep an eye on as we approach the bottom end of the channel. A potential rate cut by the SARB tomorrow could be rand negative and supports a bounce off the bottom of the channel. In either scenario, one would wait for a break of the triangle to confirm direction, but should we continue in the same direction of the previous trend and breakout eventually, the triangle projects a target of 20.10-20.30 against the US Dollar.
Potential Short-Term Long for USDZAR?blI have denoted the two movements I believe are possible given the technical analysis I have conducted with two different coloured sets of arrows. The purple arrows denote the possibility of price making a more immediate rebound from the lower bound of the daily pennant against which it currently has support, possibly to the upper bound of the 4H channel or the upper bound of the daily pennant, the yellow arrows denote the possibility of a short term break of the daily pennant to the 4H support zone, prior to re entry of the daily pennant. Both possibilities fall in line with the bullish price trend associated with the lower bound of the daily pennant. I will be trading this on the 1H should the black countertrend line I have drawn in be broken correctly. Note has to be made of the MPC meeting this week. I am only trading this pair on the 1H given the unpredictability of long term movements.
USDZAR Risk OffIt'd support any bull case to see this currency pair fall below 16.7 or 15.5 in my opinion.
Long USDZAR DailyFX:USDZAR has recently entered a consolidation zone that concludes the is indecisiveness in the market mainly because of the corona virus pandemic.
An Ascending Triangle is formed that proves bullish movement to continue. Rising Volume combined with the ascending triangle indicates that Bulls will most likely win this round.
Another strong factor to consider is that FX:USDZAR is in a uptrend and therefore a buy order makes more sense.
Take Profit targets will be recommended at R19.00000
USDZAR at testing levelUSDZAR at testing level. Markets globally are questioning the recent bull rally, more stimulus coming which means higher risk SARB will cut rates again next week...best to stay long USDZAR (short rand)
Potential Short-Term Long/Short for USDZAR Cont.I have denoted the two movements I believe are probable given the technical analysis I have done with two different coloured sets of arrows. In both scenarios I believe there may be a test of the upper bound of the 4H channel prior to the movement taking place. The purple arrows denote the movement I believe will take place if the 4H channel is re-entered and the bottom bound of the 1H channel is broken, which I believe may lead to a bearish price movement to the lower bound of 4H channel before a bullish price movement takes place. The green arrows denote the movement I believe will take place if the 4H channel remains broken after the test, after which I believe the 1H channel I have drawn in will continue to be respected to the 4H resistance zone before making a bearish price movement. I'm trading the USDZAR strictly on the H1 given the unpredictable nature of its longer term movements. Let me know if you agree/disagree.
