Usdzarlong
South Africa’s rand tumbled to a four-year low on Monday, joininSouth Africa’s rand tumbled to a four-year low on Monday, joining a global sell-off in...
The post Rand Tumbles To 4-Year Low As Panic Selling In Asia Deepens Rout appeared first on iAfrica.
went just below 17.0000
current price
16.1870
+0.5272
(+3.37%)
REF. invest.com
USDZAR STILL VERRY BULLISH ON LOWER TIME FRAMES AND MOST INDICATORS
USDZAR BOUNCE ABOVE R15 (LONG in long term)I think we will see bounce back to above R15 level. The question is when!
If we see break of current key zone, the price may continue to fall to the next support zone and a sharp bounce above R15 level.
Otherwise it may bounce next 2 days from the current key zone.
Make decision based on the price action.
Trade at your own risk.
This is just my opinion. I am a beginner level trader with only 5 years experience.
Best Regards,
Rufan.
PENGUINS PLAY WITH SOUTH AFRICA :) USDZAR 7/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
USD/ZAR 325 PIP SWING TRADE IDEA - WAIT FOR PULLBACKThis idea is for demonstration and educational purposes and does not constitute a signal. We got a nice impulse off of key support. We can expect a pullback/correction on a lower timeframe before continuation. Use your confluences before entering and trade at your own risk.
Join my USD/ZAR webinar or sign up for one-on-one mentoring to learn price action trading and key levels. Visit www.celestefrederick.com for more information.
USD/ZAR Price Action Study - Don't Miss This Clue - Price ActionIn order to study this and keep price action in perspective, please refer to the linked post below. This is the bounce I was looking for to confirm that there is more room to the upside on this pair. Until now we had no indication of bullish momentum. We had small buy and sell opportunities. Please refer to the link below and click the arrow to see how price action played out. We can see the key levels noted, and how we we had weak selling, some buiying, and more selling. But now we have a very clear bullish engulfing candle. Can my perspective change? Yes, certainly! Bias can change based on price action. No one knows with absolute certainty which way the market will go, but we can watch price action and follow along. I think we will close the gap given this price action.