USDZAR SHORTHelloooooo traders....USDZAR showing signs of a drop coming most probably during NY session. Keep a lookout for a reaction at price 16.3000 for a fall. Risk small....happy trading.
Usdzarshort
USDZAR | 003Hi Everyone! This is my ANALYSIS, I am still a newbie so BE RESPONSIBLE with your own Trades! Thank you and Happy Earning$!
- The Money Maker
USDZAR | 002Hi Everyone! This is just my analysis so BE RESPONSIBLE with your own Trades. I am still a newbie and currently still learning, I am not profitable yet!
USDZAR | RESISTANCE AHEAD
USDZAR has been trading in ascending triangle with reactive rising support. The current price is approaching to the seller zone area once again where rejection is expected
Alternatively, a break above will result in bullish bias and long positions can be placed.
Trade your levels accordingly.
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.
UASZARThe ZAR has been a very strong currency over recent weeks, consistently moving higher against the USD which has itself been in a long-term bullish trend. The USD also rose against a basket of currencies last week but fell quite strongly against the ZAR as can be seen in the price chart below.
Last week’s price action saw a close near the low of the week’s range, and it was the lowest weekly close made since September 2021.
There are good reasons to look for a short trade here to exploit the bearish momentum, but bears should watch out for the potentially inflective low point at 14.3518 which might be supportive.
USDZAR | APPROACHING TO SUPPORTUSDZAR after broken the horizontal level, is now approaching to support of the parallel channel where once again we can expect bullish momentum.
If the parallel channel breaks, open more short positions as bears will be more active.
USDZAR | More DownsideUSDZAR has been in distribution as highlighted in yellow box. The pair can drop to support level.
Alternatively, breaking above the falling parallel channel will call bulls in the party.
Trade your levels accordingly.
USDZAR | Consolidation OR DistributionUSDZAR has been trading in a range for more than 2 weeks (highlighted in a box). The price stuck just under the resistance zone which can be the barometer for any long position. However, the break below from the consolidation box will result in bearish spell.
Trade your levels accordingly
USDZAR 15.34901 + 0.39 % 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, WE SAW A BREAK AND RETEST of the small ascending structure with multiple rejections..
- 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 | 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 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
Short USDZARPrice broke bullish trendline (orange line).
Being in a currently downtrend and being in a resistance line, price retraced and start downtrend.
My profit target is the -0.27 Fib weekly.
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 Elliott Wave AnalysisUsdzar eliiott wave signaling price reversal, as I was expecting price to reach atleast 38.2 or 50% retracement for my wave B correction
Usdzar eliiott wave analysis update I shared this Analysis November 28 2021,a weakness on usdzar, and it's a long term move, hope someone out there took advantage of it. More update will follow soon, hang on to the bearish.
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 SHORT TERM SELLVery weak USD on Monday, sellers in control. Technical confirmation only. Good rising volume and end up in high volume pinbar. We also hold USDZAR long for long term into March. Bostic will speak soon to yahoo finance, his last comment was about 0.5 point rate. Will close soon if there's no progress. Long USD still very favorable.
USDZAR 15.44490 + 0.45 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY 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 PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair just broke above a symmetrical triangle on the 4h chart tested supply zone and possibly rejecting.
- we are currently consolidating in a descending triangle on the 4H.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
PREVIOSE SET UP
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
USD / ZAR 15.34990 +1.79 % SHORT IDEA * TR CONTINUATION PATTERNHEY 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 PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as WE break below on the 4h chart.
- we are currently consolidating in a descending triangle on the 4H.
- There is a supply zone THAT WAS TESTED & REJECTED AT 61.8 fib before we continued with the bears.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THIS PAIR IN THE LAST WEEK.
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
