The pair is at a very important area of resistance from where it has bounced in the past (green circles) and has failed to break it in all 4 occasions that has tried. It has also entered overbought territory. Furthermore, in that bullish movement seen the last few days, the support area at 14.6 has not been restested and that is a major support. Lets look at the...
Also Keeping an eye on this pair. Zar looks to be gaining strength according to the charts.
if you have your market view, please share it in comments Also, you can ask me questions... Have a great day everyone!
Hello to all watching my charts Here i will tell you (again) the power of trading broken trendlines for example in USDZAR a little bit exotic pair but its interested that here also this trading type will get very positive results. Lets have a closer look to the last 2 Month from 7. June to 7. August Now what happens: 7.6. USDZAR broke the first long...
Follow ArrowPips : ) USDZAR will continue the uptrend after validation of the recent support. Possible long after bullish setup.
USDZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past several times (green cirles). Furthermore the pair broke the support and recovered in a very strong way. The market is also approaching the descending trendline dating from the beginning of June. RSI is printing a bit of a divergence...
Target : 25.17 Stop loss : 13.74 Take profit at red lines.
We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...
We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...
OANDA:USDZAR - Just wait for the breakout below.Possible formation of Head and shoulder. Keep it simple. Pipdified.
OANDA:USDZAR - Details on chart.
Here is my idea about the USDZAR based on my trading system. hope this helps and I'll be happy to hear about my mistakes! Target: 0.4% Stop Loss: 0.2% Risk/Reward Ratio: 2
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.
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
USDZAR completed a running flat on the daily time frame, expecting another leg down for the completion of the larger degree B wave.
I have been looking at this trend and here is my take on what the Rand will most likely do in the next couple of days.