Expecting USDZAR to turn bearish in next few days.PEPPERSTONE:USDZAR
This pair is Failing to create new higher highs on its up trend on H4, according to my analysis it may turn positive to the down side.
USDZAR trade ideas
UZStill running, but move SL into TP (According to your trading plan & goals). Dollar gaining back some of the strength it lost but as more and more talks go on about the one currency idea, we could see a further move down.
UZThe market has been favourable after the announcement of the consideration of one currency. Last week we saw the Dollar take a hit and the Rand gain a few muscles. With this we go in with a smile but with caution because our Repo Rate was also adjusted so the gains are not necessarily the best of options.
USDZAR H4 and the beginning of the downward trendIt looks like USDZAR H4 is preparing to start a downtrend to the support level of 17.80 after breaking down the uptrend line and pullback to it again.
USDZR looking like its on a RSISOn the higher TF pair is currently on a descending channel and has just gotten its 3rd touch
also just got another cornfimation when market created that ChoCh and a current retracement on the LTF OB
usdzar bearish trendusdzar is forming lower highs and lower lows. just looking for a dawndard trend in action.
USDZAR - Bullish ABCD PatternBullish Divergence at RSI
Price currently trading HH after breaking Possible Reversal Zone
Possible Entry and targets are mentioned
AB = CD PatternUSD/ZAR formed AB = CD harmonic reversal pattern with C point Retracement at 0.554 and BC Projection at 2.046 with a clean Bullish Divergence at the Potential Reversal Zone. Waiting for Higher Highs and Higher Lows movement to generate trade entry and exit signal.
USD/ZAR, More on the downside?Potential short-term short on the USD/ZAR. On a daily chart the ribbons seem in parallel indicating that the current down trend is maintaining its momentum. 1st potential target 17.67891, 2nd potential target 17.61881
USDZAR Guys this has been an awesome few months. None the less my bias has not changed more upside for the US dollar on this pair. A triangular pattern is being formed on this pair so guys we are still bullish on this pair.
VHT your mentor signing out ✌️ ✨️
USD/ZAR - Bearish Flag Looking at the recent price action shows us a clear bear flag formation.
- Trend = Downward
- Divergence = No Divergence found
- Pattern = Bearish Flag
- Breakout/Confirmation = Confirmed
Account Size: 10300
Risk Percentage: 1%
Amount at Risk: 103 USD
Sizing: 0.05447 Lots
Entry Point: 18.01240
Stop Loss: 18.35620
Take Profit: 17.69916
