In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.
USDZAR has been bearish for quite some time now, breaking several structures downwards too. On both the weekly and daily TFs you can see some imbalance downwards which seems to be attracting the price further downwards to demand. From what I can see on the 4H - price has actually respected previously created blocks, especially after the most significant break...
USDZAR sells are not completed yet coming from a double top. Take advantage of this last bear momentum. Target is 18.22.
We might see R20 a dollar before continuation down to 13 etc, but if not the case then from where the price currently is then we might continue dropping. Shared an Idea on Monthly, and this is how Weekly looks.
This is an active trade, entry should be from that bearish breaker block , we wait for price at higher time frame point of interest below 👇🏽
USDZAR is very bearish. The pair has been falling for the past weeks now. It's time to continue down.
Hello everyone, We are waiting for now for a breakout to down from the price 18,80550 or to continue raising to the up from the price 19000 please like comment and follow to support us.
Potential Sell on USDZAR, Downtrend and rejection from 18.144 zone. Could expect further downside. SL: 18.19 TP1 : 17.898 TP2: 17.77 TP3 : 17.698
USDZAR 2023 Yearly Structure OHLC Alert! There is a significant bearish divergence observed in the monthly time frame, starting from February 1st, 2016 , up until the current market price on May 1st, 2023 . This bearish divergence indicates a growing dominance of sellers in the market. Additionally, the price in the monthly time frame indicates a high...
Looks like it won't stay long. All time High with a possible short term Bearish.
USDZAR - Instant Short Position - H1 The Rand might gain some strength back, but we are still facing major economic and energy issues. This is a very volatile pair.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE DOLLAR/ ZAR IN THE COMING WEEK. USD/ZAR CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE DOWNSIDE SIGNALLING SO MOMENTUM SHIFT LEAVING BEHIND BEARISH FVG. * We have swept previous week high and multiple day candle rejections at...
usdzar reached strong zone and i hope perform its role RR: 1:6 Entry:18.46 Target:17.51
Exotic currency pairs do possess a certain allure to experienced traders in terms of returns. The South African Rand (ZAR) has been battered lately due to macroeconomic data and political upheavals experienced lately. These geopolitical and economic risks are correctly priced into the market Using the smart money concepts, we are witnessing a return to a previous...
Bull run extension over, Buyers trapped. Massive sell opportunity right now. My work speaks for itself
PRICE ON USDZAR HAS BROKEN OUT OF A REVERSAL structure with very strong momentum, now a lower degree continuation has been formed and awaiting breakout to trigger shorts
Price has been rejected impulsively from the third touch of an ascending channel and is currently printing a trend continuation flag. Will be looking forward to taking this short opportunity if and when it materializes.
The USD/ZAR price has formed a small double-top below the smooth descending trend. With the SARB decision and US GDP data coming up, I expect a bearish breakout below its neckline.