USDZAR BULLISH TREND WILL CONTINUOUS TO 20.00 HI FRIENDS!!
As we can see this USDZAR again near at support zone we have good chance to join the rally
as we can see US $ is holding support and all major pairs. this pair is also holding a strong support and trading above a uptrend line zone, so our risk and reward ratio is fantastic on this pair let's see what markets brings its just a trade idea share Ur thoughts with us it helps many other Traders.
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USDZAR TRADE IDEA: Long (24/07/2023)USDZAR is looking to reverse. It has clearly slowed its downwards movement and is looking to reverse up top to potentially continue its down movement. This was signified through its break of structure on the 4H chart.
As shown on the 15 minute chart it has broken structure. The only worrying part is that it is returning back to break even. However this has the potential of a 7RR trade.
NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
USDZAR | Weekly | UpdateUSDZAR | Weekly
Looking to the left on USDZAR based on my initial analysis, we notice that we he had a target for USDZAR at 21.2xxxx - 21.5xxxx after which we saw USDZAR rally all the way up to 19.93xxx creating a new high for the USDZAR we saw it fail to break above our 20.xxxxx psychological level. After failing to break above the 20.xxxxx level we noticed the ZAR “try” to recover it’s losses against the USD creating or current base as after falling from around 19.93xxx we can see the USDZAR finding support at 18.08xxx and bouncing up from there and currently trading above our 18.5xxxx Psychological level at 18.7xxxx.
Looking to the right, if USDZAR fails to push down and break our support at 18.08xxx - 17.74xxx we can consider that area as our new base and we can expect the USDZAR to push further up and may potentially break our 20.xxxxx psychological level while still expecting it to head up to 21.2xxxx - 21.5xxxx.
USDZAR top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 possible drop to support level!Currency Pair : USDZAE
Possible direction : Bearish
Technical Analysis : Price has formed multiple liquidity grab on the 4h timeframe after an strong impulse from the resistance level. As long term trend is bearish, highly likely this price will continue to drop to support level
Possible trade recommendation : Bearish as per chart sketch
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USDZAR top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 WeeklyThe best time to analyze the market is when its closed. After a analyzing the weekly chart of USDZAR, I think this market could continue its overall trend to the upside. The market is currently under the 14MA, meaning this market is selling.
Lets compare last week engulfed sell candle compared to this week. WHERE IS THE SELLING MOMENTUM? It does not make any sense for this market to have amazing selling power last week and this week it died down. Consistency is key and this market is NOT consistent in the selling momentum.
Looking at this market, I am expecting USDZAR to continue to travel towards the upside and I am expecting this market to break the highest high 19.06 continuing to go higher.
We will see :)
USDZAR possible sell zone!USDZAR has formed a strong bearish price action with strong liquidity grab from the resistance zone. The price already over extended in the higher timeframe and likely to reverse to complete a healthy retracement to the downside.
as the price started it's downtrend, a sell trade is high probable after retesting the previous support turning resistance.
USDZAR top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 top-down analysis, UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
USDCAD and USDZAR top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 possible sell zone!!USDZAR (4h) has formed a very strong bearish price action after a rejection from the weekly resistance. Price currently has formed a strong head & shoulder on the 4H with a breakdown from the neckline. On the retest of the neckline, a sell trade is a high probability after rejection.
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USDZAR Multiple timeframe 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.
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USDZAR setting up for bullish move!!USDZAR has formed a very strong bullish price action on daily, weekly, and 4H. Price has just tested the weekly neckline and formed a weekly doji and daily bullish candle on daily 20EMA. It is highly likely that USDZAR will continue to rise from this zone to continue its uptrend.
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Watching for USDZAR to break resistanceThe USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell.
The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between 17.15 and 17.30. Breaking above this crucial area is needed to continue the rally, However, this may be increasingly unlikely as the daily candle wicks are now rejecting at 17.15.
The MFI indicator, which is a technical oscillator similar to RSI but uses price and volume in identifying the oversold and overbought conditions in an asset, shows that this crucial area was indeed a strong rejection zone, as highlighted in yellow. The MFI indicator is currently facing the mid-point of the indicator. Therefore, the USD/ZAR’s supply line at 17.15 may not be enough to suppress further upside.
Looking at the current price action, if the price fails to break above 17.15 and 17.30, and emphatically rejects at these supply zones, look for the price to potentially move to the downside and encounter the 16.20 demand zone once again. It will be interesting to see how investor sentiment (and the associated demand zone) holds up in the face of an emphatic downside break
A further break below that zone may induce a possible trend switch to the downside in a short-term period. However, we could also see consolidation between these supply and demand zones.
USDZAR possible sell zone!!USDZAR (4H) has formed a strong bearish engulfer on the 4H timeframe with a strong breakdown in the direction of the trend. Price action is showing a possibility of to drop in the weekly support from this zone.
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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.
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.
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.