Usdzartechnicalanalysis
What do you guys think about this analysis ? USDZARWhat do you guys think about this analysis ?
I think you could buy this this pair all the way up . If you go for scalping or long its going all the way up. The ZAR is only wearing and there is no positive news coming out of South Africa to indicate any future rally against the USD.
USDZAR At CRITICAL LEVEL (What I Will Do)USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse?
USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry.
And if it pulls back, i will still wait for a retest to confirm my entry.
All in all, personally i don't trade Mondays only if the market provides a strong opportunity that is when i consider trading Mondays.
Its a new week don't get caught up in the erratic movement.
USDZAR BEAR PLANHi Guys,
I really love this pair because its very specific in the way it moves if you have spent enough time with it. I kept this analysis simple because I don't see any major bullish opportunities because our analysis of the dollar is not strengthening anytime soon.
But this is the market keep your eyes neutral and stick to your plan!
Good luck,
Fibz
USDZAR PRICE STRUCTURECurrently price action is trading low and we can verify we are approaching the sell zone. currently 23.6
price will target Previous low 78.6
5.5% Bear action
Using pattern we can verify its a M pattern and target is certain
slow but steady its gonna be a swing trade
hoping the Powell news drive it lower in favor.
Bag safely...its a blessed week ahead.
SHORT SHORT SHORT We are going short on this trade ( if you hadn't gathered that by the title ) after a bounce of a well respected resistance level in the weekly, daily and 4H timeframes.
NFP is today so whatever you trade the trade carefully and reduce risks by moving SL into profit where possible.