USDZAR - Approaching Yearly Support AreaI'm looking for USDZAR to bounce off the yearly support area. I've included two entries in case one fails. As always manage your risk. This is just what I'm seeing and is not financial advice.
Usdzarlong
LONG USDZARLONG USDZAR @ 14.67
TP @ 16
SL @ 14.40
We have seen the ZAR strengthening against the US dollar in the last few weeks. This was dude to rising global commodity prices helping SA's net exports. Another reason was that due to inflation and SARB entered an aggressive hiking cycle. However, I think this move is oversold. SA has many problems that they need to recover from before ZAR can continue to throw its weight around. On top of this, we have broken out of the downward channel, and cleared resistance at the 14.67 Fibbo lvl. I have therefore entered my trade at that lvl as I expect the pair to grind towards the 16 mark in the coming days and weeks.
Good luck.
USDZAR potential upsideUSDZAR could rally up with a new high from a famous pattern of head and shoulders. We will only look to buy the pair when the neckline is retested successfully for the strong push to the upside. Target is percentage-based with the Fibonacci on 200%.
USDZAR LONG - Buy Entry - D1 ChartUSDZAR LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: USDZAR
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Resistance @ 16.13850
Resistance @ 15.42816
Pivot Point Yearly @ 15.21809
Resistance @ 14.97762
Support @ 14.51604
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USDZAR | ON SUPPORTUSDZAR has been trading in bearish parallel channel and recently price has hit the bottom of the channel. We are expecting a bullish bounce from here.
Alternatively, breaking below the support will call for more bears in the party.
Trade your levels accordingly.
USDZAR 14.96170 + 0.24 % LONG IDEA * REVERSAL PATTERNS,BREAKOUT HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR / ZAR
* The PAIR has been trading in a descending channel just tested the BASE of this structure ENTERING a range as we see momentum to the down side slow down somewhat.
- Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this,the delay at this level might just be the signal that we might be changing direction towards the bulls..
- Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met.
LOOKING FOR A BREAKOUT ON LOWER TIME-FRAMES AND POSSIBLY SIGNS OF BULLISH MOMENTUM
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USDZAR LONG TERMAnother MASSIVE squeeze on USD happening on Ukraine crisis ease moment. UZAR on MA200 D1 dynamic support and also overbought. Good Long opportunity.
USDZAR | Channel Breakout?USDZAR is trading in a bearish parallel channel, making lower highs and lower lowa, confirming a bearish trend. It has a watchout level of 15.50800. If it manages to break above it we are in bullish trend and one can take long position.
Trade your levels accordingly.
USDZAR | CHANNEL BREAKING?
USDZAR has been trading in a bearish parallel channel and is touching the top resistance of channel. Will it break?
The momentum looks strong and candlestick is the prove. Only if it manages to break the horizontal highlighted area then one can enter long in here.
Alternatively rejecting from the top will result in pressure.
Trade your levels accordingly.
USDZAR LongPotential buy opportunity on the retest of the daily support for a long-term movement to the upside.
Entry will be ideal on the lower timeframes considering the formation of an inverse head & shoulders pattern.
This trade poses a great risk-reward however, please take note that the pair is an exotic pair and with the Ukraine-Russian tension there could still be a lot of volatility so take great care when trading.
USDZAR 15.13150 + 0.09 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR / ZAR
* The PAIR has been trading in a descending channel just tested the TOP of this structure creating a double top after some strong bullish rally.
- Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this..
- Looking for short entries on the THE DOLLAR ZAR this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USDZAR LONGThis is a 2 weeks period chart. Information is technical without any fundamentals.
2 weeks kaufmann looks very strong and expect an bounce from here in February.
I demonstrated earlier ABC retracement move, and 1-2-3-4-5 upward move to 20s.
Usdzar heat mapThis pair is f**king volatile but it is worth it
So stay safe guys let's do this
Be careful
USDZAR | Bearish Parallel ChannelUSDZAR is trading in a bearish parallel channel, it is approaching to support of bearish parallel channel. We are expecting one has to remain sell on strength on it and breaking the channel will bring more bears in the party.
Trade your levels accordingly.
USDZAR OVERSOLD - LONG TERM TRADE[Fundamental insight:
We are experiencing an influx of ‘endemic’, and Covid is on the verge of disappearing from the news. With record U.S. inflation, the market is not in hurry to buy USD toward March rate hike. We are still in the strong bullish bias on USD into March. With the tight labor market, no matter what, inflation will keep rising and will be rising even more as pandemics fades away. And the March hike rate has been confirmed by Jerome Powell.
The key moment for the next week is FOMC. We suspect that the Fed will only re-iterate their previous stance with some wishy washy flavor like easing inflation, supply bottleneck, etc. This will not affecting their stance to hike on March.
The setup:
However, it is always possible that there will be further weakness for USD. This is why it is always important to start enter position lighty relative to your account. So it have capability to averaging in case that the trade not going into our favor immediately. If you are not comfortable or not experience on this kind of trade, it is better to stay away.
This is more about broader view on USD, please do your own diligent to check entry based on your method or technical analysis.
Do not forget that this is an exotic pair. Which mean, the pip value is there. and the big spread spike on some brokers is always possible.
Remember to always trade safely.
Cheers.
USD / ZAR 15.36988 +1.79 % LONG IDEA * CONTINUATION PATTERNHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR / ZAR
* The PAIR has been trading in a descending channel just tested the base of this structure creating a double bottom as we enter a strong bullish rally.
- Short term the pair has currently broken structure possibly signaling a strong bullish momentum on the 4h chart this.
- There is a supply zone to look out for on the on the pair ahead which will serve as the target for this trade should the ENERGY continue upwards.
- Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USDZAR Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
usdzar longUSD / ZAR was in a strong trendline, with a near 0.618 gold ratio, so a long order is planned.
If RAND devalutes like Turkish Lira, how it may happen? You see the weekly USDZAR graph. Wait for confirmation of breakout on the pink line, then BUY.
For long term, I always expect upside on suchexıtic currencies.
If sth bad happens for RAND, like Turkish Lira, USDZAR may go up to 29
Target 1: The fair value by Robin Brooks of IIF is 17. It is the .618 Fibo level. Target#1 is 17
Target 2: ATH for USDZAR is 19,35. After breaking 17, It may take some long time to reach here. Target#2 is 19,35
Target 3: If the breaks ATH record, it may go to moon so quick. 23 (1.618 fibo) and 29 (2.618 fibo) are possible. Target#3 is 23 or 29
USDZAR on VWAP and ABOVE MAPretty good R:R and setup for European opening. Meanwhile, we also have UZAR buy for longer term.
USDZAR Long - Weekly/Daily analysisUSDZAR has bounced off a Weekly/Daily support level , forming a higher low in an uptrend and bouncing off the 14 Weekly EMA . A continuation to 16.40000 (previous higher high) is expected.
