USDZAR NEXT POSSIBLE MOVEThe ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of tax news, is a Bullish mix and it has to rebounce back . Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc..
Usdzartrade
USDZAR Sell at 17.59000 SL 17.78500 TP 17.33000USDZAR we all know that it's another most volatility pair in Forex Market. AS we can see, the Dollar is trying to keep its Bullish momentum, but in our perspective, we believe before going further upside, we may see price retracement at this price 17.33000. We are going to short from 17.59000 with a stop loss of 17.78500, and the target zone is 17.33000.
PS: Before jump into this idea please do your own research first.
USD/ZAR, we got a clear Breakout of the Range.USD/ZAR was very bearish for the past few weeks, but to be honest, this is a clear trend change in my opinion. We will be monitoring price action and if all the rules of our strategy will be satisfied we will be interested in taking a nice long, with good risk to reward and probabilities for a nice push to the upside.
USDZAR SHORT TERM THEORY...A BIT OF WAVING & TECH ANALYSISHi Traders!
I hope everyone is doing great. We as speculative traders have stayed in the same type of zone because we are naturally in lock-down with these 2 screens in from of us.
Simply meaning not much has changed in my trading world. Except for everyone who was used to specific bias ideas and got shifted when the market took a dive early this year. Nonetheless here is an idea of USDZAR short term concept.
See how it fits into your idea. I missed the buy, but with patience and tracking I should be able to catch the opposite today or tomorrow.
Till next time,
FIBZ
USDZAR technically based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 USDZAR technicaly based idea, we can see price is bounce from supp line - trend line, two tops are created, technicaly indicators showing we can expect trend revers from this position.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
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.