USDZAR has been trading in a bearish parallel channel and is touching the top resistance of channel. Will it break? The momentum looks strong and candlestick is the prove. Only if it manages to break the horizontal highlighted area then one can enter long in here. Alternatively rejecting from the top will result in pressure. Trade your levels accordingly.
Potential buy opportunity on the retest of the daily support for a long-term movement to the upside. Entry will be ideal on the lower timeframes considering the formation of an inverse head & shoulders pattern. This trade poses a great risk-reward however, please take note that the pair is an exotic pair and with the Ukraine-Russian tension there could still be...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum...
This is a 2 weeks period chart. Information is technical without any fundamentals. 2 weeks kaufmann looks very strong and expect an bounce from here in February. I demonstrated earlier ABC retracement move, and 1-2-3-4-5 upward move to 20s.
This pair is f**king volatile but it is worth it So stay safe guys let's do this Be careful
USDZAR is trading in a bearish parallel channel, it is approaching to support of bearish parallel channel. We are expecting one has to remain sell on strength on it and breaking the channel will bring more bears in the party. Trade your levels accordingly.
[Fundamental insight: We are experiencing an influx of ‘endemic’, and Covid is on the verge of disappearing from the news. With record U.S. inflation, the market is not in hurry to buy USD toward March rate hike. We are still in the strong bullish bias on USD into March. With the tight labor market, no matter what, inflation will keep rising and will be rising...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the base of this structure creating a double bottom as we enter a strong bullish rally. - Short term the pair has currently broken structure possibly signaling a strong bullish...
Hello 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.
USD / ZAR was in a strong trendline, with a near 0.618 gold ratio, so a long order is planned.
You see the weekly USDZAR graph. Wait for confirmation of breakout on the pink line, then BUY. For long term, I always expect upside on suchexıtic currencies. If sth bad happens for RAND, like Turkish Lira, USDZAR may go up to 29 Target 1: The fair value by Robin Brooks of IIF is 17. It is the .618 Fibo level. Target#1 is 17 Target 2: ATH for USDZAR is...
Pretty good R:R and setup for European opening. Meanwhile, we also have UZAR buy for longer term.
USDZAR has bounced off a Weekly/Daily support level , forming a higher low in an uptrend and bouncing off the 14 Weekly EMA . A continuation to 16.40000 (previous higher high) is expected.
the HTF of this exotic pair is still bullish. will be looking for buy positions
Hello 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.
USDZAR | BULLS TIRED? The bulls looks tired and taking correction in parallel channel. They can either take support from parallel channel and continue making higher highs Or the pair can break the channel and touch the recent low and bears take charge from there. Key point highlighted on charts.