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Usdzarlong

USDZARThis exotic currency pair has been in a bullish trend over the past few weeks, due mostly to South Africa’s ongoing economic and political problems and partly due to USD strength. The news of the origin of a potentially dangerous coronavirus variant emerging in South Africa at the end of last week caused many countries to shut their doors on South African and other African travel, causing the South African Rand to nosedive and send this pair sharply higher to a new 1-year high price on strongly above-average volatility. Unless it is quickly discovered that the omicron variant should not be as problematic as feared, it is hard to see how the closing of doors to South Africa is going to have anything other than a negative effect on the Rand over the coming days. The Japanese yen is stronger than the USD so short ZAR/JPY will probably be a better trade if your Forex broker offers access to it.
TVC:DXYLong
by SmoothJB
USD / ZAR 16.24355 +1.79 % LONG IDEA * CONTINUATION PATTERNHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR. - We saw the pair rally with the bulls in this past trading week. --- here's what we had - We closed the week with strong momentum to the upside. - 50 % fib level tested and saw a rejection at this level. - Looking for continuation on the pair for a completion of the impulse. - The new found covid-19 variant might also affect the pair fundamentally. * 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
Long
by PULEMokhothu
3
USDZAR 15.72020 + 0.5 % LONG IDEA * CONTINUATION PATTERNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR. Looking for continuation on the pair for a completion of the impulse. 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
Long
by PULEMokhothu
USDZAR Swing tradeI only take high probability trades. I love clean swing trades like this one cos I dont like being on the charts all the time, nor everyday all day. Should price break above the Blue line I am going to allow my trades to run. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Remember to exercise proper risk management and have the patience to see your trades play out. Message me for Q & A's about how to trade like me. #TradeLikeMagnatrio
Long
by Magnatrio
2
BUYING OPPORTUNITY FOR USDZARAfter a long bearish trend for USDZAR over the past two weeks, finally, the price was able to reach the weekly support cluster. We can also see the loss of momentum as the price approaches this zone. Moreover, there's formation of a bearish channel on the zone which signifies a potential reversal. To buy the market wait for the breakout of the channel then buy on the retest. NB; Trade carefully and wait for clear price action to enter the market as market conditions can change anytime. What is your plan on USDZAR? Bullish or Bearish, comment below!
Long
by Erady_Pascal
2
LONG POSITIONUSD/ZAR ;TECHNICAL FORECAST:BULLISH Taking a closer look at the 4 hour chart, we see the continuation of the bullish momentum. But we have 14.50 as the next significant level of support. that we should be aware of there's a possibility that price can retrace back to that support level If you find this helpful and want more FREE Updates on Tradingview Please show your support back, Hit the 👍 LIKE button, Drop some feedback below in the comment! Your Support is very much appreciated!
by AFFINITY_MARKETS
USDZAR Intraday/ScalpYour entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So all in all we had 4 confluences supporting the entry. Another bias here is, the setup is exactly similar to my previously posted setup on Gold. Risk:Reward Ratio is 1:3 *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magnatrio
4