USDZAR short term we might see a possible pull back from the highs the ZAR being a bit stronger
Since the breakout of the Cup and Handle formation, the rand has just been falling against the US Dollar. The target remains and I'll keep you posted on the process. I still hope I'm wrong!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
The USDZAR pair continues to confirm our break-out trade strategy as by breaking above the previous Resistance Zone we discussed on September 06, while holding the 1D MA50 (blue trend-line) as Support, it activated our buy signal and hit the -1.0 Fibonacci target and the 2.0 Fib extension (green dotted line) of the long-term Channel: We will continue this...
#USDZAR While preparing my charts ... Hoping to see the dollar drop down to below 17.9 possibly 17.4 then 16.94. November we will see 19.37 FOSHO! #NASDAQ looks like it wants to retest Sep 13 Cpi '@'12448, #USDZAR also seems to be correcting back to Sep 13 Cpi. '@16.94' #SP500 heading back to Sep 13 Cpi 3921 I am a student of trading the info here is purely...
Hi All As you should know today is CPI day. If I am correct in guessing and the current state of markets around the globe and the pressure the dollar is putting on everyone. The feds have to pause / pivot I think is the correct word I am unsure ? This should pull back Holding thumbs for everyone around the globe that this does happen , stuff is expensive
The pair has just rejected on a major supply zone and therefore this serves as a confirmation for a bearish rally to just below R18 per dollar. I see this bearish move gaining a bit of momentum over time especially since South Africa is heading to it's ruling party's national elective conference in December. The outcomes of this conference will be very interesting...
Evening all, I suspect that this pair will be putting a break on things for a very short while. I am watching 18.29559 for a break eventhough there isnt much support until 18.2 i still need it to break 18.3 to confirm the down trend (this pair is risky as can be :)) Continue watching the movement down to 18.22817 monitor what the behavior is , if nothing looks...
USD/ZAR Simple market structure & price action, i'm currently waiting for a Retracement before we look to go short We are currently in a strong uptrend however we can clearly see that we are approaching a major resistance zone where we might see sellers take over the market, (MY CONFIRMATIONS) CHANGE OF CHARACTERISTICS (CHOCH) BREAK OF STRUCTURE...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Morning all. I am guessing NASDQ will pull back to the 61.8% fib at 11176 I dont have a clue where this is going but I do see that we waiting on news :) I love how the market always sets up some kind of confusing signal , I am a student as you can see I am still trying to figure this out , these are my guesses and they should not be used to trade
Double tops in the making Thanks for reading AS ALWAYS TRADE SAFE AND STAY SAFE!
This got me thinking 😅🤣. More reviews coming for USDZAR 1h looks good but I'm still observing.... I won't say much🤣🤣🤣 Stay tune for 15mins/1hrs formation. Thanks for reading AS ALWAYS TRADE SAFE AND STAY SAFE!
Drawing this reminded me of an old song You may be right I may be crazy But it just may be a lunatic you're looking for Turn out the light Don't try to save me You may be wrong for all I know But you may be rig Take is easy and remember dont trade my ideas I am a student
The way I understand it is we have hit a key level of support FIB retracement at 61.8% DXY Pulling back to 111.560 3 beautiful Green candles growing in size. Bulls have finally woken up after a weekend of hibernation Going Long !!! Wish me luck Remember im learning , im a noob and you are better at this than / then me ... Believe in yourself not me
Afternoon . How I see things going down , Watching the DXY and NASDAC closely. Good luck be safe and never trade my ideas !
I am a student to the art , I am purely guessing the outcome of these. Please dont use these as trading signals My 2 patterns seem to be aligning , lets see :) Good luck
Look I might be wrong but I wish I were right ? Keep it safe and enjoy these cool drawing cools , loving them @TradingView Remember I am a student trying to make sense of these things never trade my stuff