Hello Traders,
I have been watching USDZAR for a while. Well, I must say, the time is ripe to look for under-valuations in lower time frames and buy. First, like we mentioned in the previous article, the middle BB in the weekly chart was our main liquidation or the resistance line.
However, as it is,the USD is now trending above this line and with a whole...
Hello Traders,
From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all....
Hello Traders,
Today we shift our focus to USDZAR and from the charts, we can see that the ZAR is generally bullish but it looks like the USD is turning the corner if technical developments is anything to go by. As you can see in the weekly chart, USDZAR prices are generally moving up and with a stochastic buy signal turning from deep the oversold territory, we...
Potential sells here. As USD unwinds, we can see a clear bear break out in the weekly chart following an over-extension a couple of weeks back. My EURUSD trade plan is to sell EURO at 1.222, place a stop at 1.2290 and aim for 300 pips at 1.19 or lower.
I think with every low USD prints today, you should look to buy. After all, MXN is a little bit over-valued with two whole candlesticks below the lower BB.
