USDZAR on the 4h chart is testing the support area after the test of the 0.382 Fibonacci level. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow...
USDZAR Opportunity Coming - Entering into buying zone - USD RAND
USDZAR after a few tests of the monthly support starts an impulse and currently is consolidating below a minor resistance area. According to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure...
USDZAR on the 4h chart break below the minor support area and now is testing the stronger support over an ascending trendline. According to Plancton's strategy if the market will break below we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure...
ON the 4chart USDZAR is moving over an ascending trendline. The market hit and got rejected by a resistance level and now testing the support area. According to Plancton's strategy if the price will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. •...
In other words, they expect a stronger dollar narrative to prevail. The firm is downgrading their view on emerging market (EM) FX for the second time in two weeks, expecting another 4-5% drop given the current market landscape. The MSCI EM currency index fell by 0.7% at the lows today and was poised for its biggest daily drop since March last year, only to...
USDZAR Opportunity Coming - Entering into buying zone - USD RAND
USDZAR Breakout 15M CHART - USD RAND
Midterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the...
Midterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the...
Pair rebounded from key level at 14.8945 with strong bullish movement Price broke upper edge of falling wedge pattern Above SMA 100 It's expected to target resistance level at 15.3760
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
BIG OPPORTUNITY IN USDZAR - USD/ZAR Dear Friends , This is "Weekly" chart for USD/ZAR - High is 19.33 and current Trading between 14.67/14.69 , Huge Support at 13.97/if broken next big support 13.16 , Important part is RSI which is already at 30 and since 2009 it never went down below this point in weekly chart , weekly chart means you can see here for long term...
USDZAR after the long dowtrend reaches a monthly support. The price bounced sharply and create a nice impulse. Now the price is consolidating below a minor resistance and if the price will break above we can consider a nice long position. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵...
Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/ZAR bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no...
USD/ZAR Analysis Based on price Action. With Risk Management you will Never loss. thank you
After big breakout, price has pull back / consolidated for 6 months and is now testing moving average. Long @ market with stop at 15.74 and target of 19