USDZAR
USD/ZAR MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full 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 Potential H1 Double Top ShortIdentified is the formation of a double top on the H1 chart, should the neckline be broken correctly I'd consider an entry for the short term to the nearest support or ascending trend line , No idea where the USDZAR is heading over the longer term though.
USD/ZAR: OUTLOOKDay before yesterday we faced some bulls coming into the market and taking control but as closing of the market Sellers order have started to dominate the market direction
Use good Risk Management
For those who are adding trade on this one
USDZAR to test 19.30 againFX:USDZAR
Based on the monthly pivots, it looks like USDZAR is to test 19.30 again. R1 = 19.3099.
It rejected the pivot (18.5553) twice already.
Usd/Zar (Get Ready To Enter On A Breakout) get ready... or enter however your system tells you to enter...
I lose sometimes ... so u should not follow me blindly....
if you think this is too early , use a moving average crossover on hour 1 or hour 4
Usd/Zar (The Move Up Was Probably A 2 Day Retest)Look for a sell right now! DO NOT SELL NOW!!!!! You have to wait for price to start to move down. Spreads will be high at the open in 1 hour and a half anyway ... So you might as well just wait!
This pair is at a all time high on the "Weekly, Monthly Chart" ....
We already traded a big 2 day move down... but I took profits when price started to move up!!!! So now... I think this is the retest and big drop.....
I think price will drop to support, pullback, and then break support.....
But for now... Watch It... and if your trying to enter... use some kind of moving average crossover system to enter. If you enter right now you can get whipsawed and maybe even lose the trade!!!!
This is one of my favorite pairs to trade by the way!
Check out the last analysis of this pair below
USDZAR 18.86470 -0.98% IDEAGood Day Traders...
A LOOK AT USDZAR IN THE COMING WEEKS
>> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT.
> ITS STILL EARLY TO ASSUME THAT THE USDZAR HAS FOUND ITS ROOF AND WE WONT BE SEEING HIGHER BREAKOUTS.
> RAND FIRMED LAST WEEK AS THE GOV DISCUSSED MEASURES TO CONTAIN THE ECONOMIC IMPACT OF COVID-19 EVEN THOUGH STOCKS FELL
> PRESIDENT RAMAPHOSA PLANS TO STIMULATE THE ECONOMY AS WE ARE TO ENTER STAGE 4 OF THE LOCKDOWN WHICH WE'LL SEE MORE BUSINESSES BEGIN TO OPERATE WHAT EFFECT WILL THAT HAVE ON THE ECONOMY IS YET TO BE SEEN BUT CASES OF THE COVID-19 ARE ON THE RISE...
> THE OIL CRASH ALSO AFFECTED THE ZAR NEGATIVELY
> SO WHERE TO ON THE RAND , ONLY TIME WILL TELL
TECHNICALLY THERE ARE A COUPLE OF SCENARIOS I'M LOOKING AT THIS WEEK
> WE SEE THE ZAR IN A RISING CHANNEL, WILL THE CHANNEL HOLD ON THE 4H OR ARE WE BREAKING WITH THE BEARS...
WE'LL SEE HOW IT GOES BUT THE ASCENDING CHANNEL IS STILL IN PLAY FOR NOW.....
USDZAR closing in on support at R18USDZAR closing in on support at R18 and if this rand strength continues the next target is the horizontal at 17.20
