USDZAR | Weekly Looking to the left on USDZAR based on my initial analysis, we notice that we he had a target for USDZAR at 21.2xxxx - 21.5xxxx after which we saw USDZAR rally all the way up to 19.93xxx creating a new high for the USDZAR we saw it fail to break above our 20.xxxxx psychological level. After failing to break above the 20.xxxxx level we noticed...
It was written in the charts. The USD ZAR formed the Symmetrical Triangle on the daily. The price consolidated and squeezed until it reached the Apex. Then because the prior trend was up, the breakout was up and lead to a continuation in the trend. The price then went to a dire R19.80! Let's hope it forms a Buy Side Liquidity order block for Smart Money...
USDZAR as we can see that it recently broke a crucial level around 18.50xxx during the course of this month creating new highs around 19.5xxxx. Looking to the right we can see the if USDZAR closes above 18.50xxx at the end of May, we can expect USDZAR to push further up to touch 20.50xxx - 20.70xxx before attempting to come back down to settle around 17.5xxxx -...
USDZAR is one of my safe heaven pair, i trade it once in a while, here is my daily target for today, jump on the bag if you seeing this..
It pains me to say our USD/ZAR trade hit the take profit level at R18.48 and now it looks like further upside for the USD is on the way. Another Cup and Handle has formed, which has broken above the neckline. And if we place the stop loss below the handle, we get the next target at R19.71. 7>21>200 RSI>50 Target R19.71 With interest rates on the rise in...
The long term outlook remains bearish. In the short term we are seeing signs of a bullish correction targeting 18 levels. On the 4hr we have a CHOCH and BOS confirming the bullish correction.
Usdzar has been bullish for sometime, previous analysis can be found on my profile. Perfect entry has been activated, will allow this to play out to TP and two
Falling Wedge formed on USD/ZAR 7>21>200 -BUllish RSI >50 With the Jobs data coming out much better than expected, and with the rising interest rates - this seems to have a positive effect on the US dollar as investors are putting their money in it. The economy is clearly booming and earnings are coming out better than expected. My first target for the USD/ZAR is R18.40
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price is at the support zone , and want to see price act on it and go bullish to the previous support that turn resistance @17.3800, or get higher to the 17.5200 zone then price might reject at that zone and sell to 17.05800 zone, but the zone I expect price to likely reject is the 17.3800 zone.
Price broke the support zone on 23RD of November and used same zone as a resistant zone which ended up forming a double bottom, and price went on to break the zone and formed the December highs which came back and gave a false breakout. My expectation for this pair is to test the support zone which will boost it's momentum to the highs of December, price analysis...
USDZAR has been selling for most of last week, closing out with a buy action. Once it hits market structure it’ll look to buy to supply. This is just an idea.
It's been an interesting development with the USDZAR. Since it broke out of April's uptrend, the price is now retesting the resistance (which was support). I suspect that the price will be oscillating between the range of 17.63 and 16.91 in a box formation for a few weeks. Only if the price breaks above or below, will we get some sign of where the rand is...
Since the breakout of the Cup and Handle formation, the rand has just been falling against the US Dollar. The target remains and I'll keep you posted on the process. I still hope I'm wrong!
Thank you for the request USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00 Let me know what else you would like analysed and follow my Trading View for more analyses...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Inverted head and shoulders with a neckline test. Longer term price target for USDZAR is ZAR18 to the $.