Hello everyone Here's a look at the DOLLAR / ZAR from the 4H chart, hope you are good have a splendid week. Can we continue to see ZAR gain strength against the DOLLAR in the coming weeks highly possible now we have a significant support level 14.16190 looking for a break of this level targeting FIB EXT -61.8 so on this one looking for continuation with the...
you can buy to reach the target points those I showed in the chart.
Double bottom on H4 and Daily, strong resistance level failing to break on the daily, m15 entry based on hammer
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...
Old target range is at jeopardy following the break below 15.00 this week. Revised target (15.50 and 15.64). A break above 15.36 could be a signal for a turn of trend and a possible bottom-out. The MACD is still holding a buy-signal and a move towards the 50-day EMA looks likely as dollar short sellers will look to close their short positions before year-end....
The pair is confined by the range of 15.10 and 15.45. I favour an upside break out of this range with the support rate of 15.08 expected to hold this month. A break above 15.45 will allow the pair to move up towards 15.61 and possibly the upper bound of the current channel. This sets a target range between of 15.93 and 16.00 for the month of Dezemba.
Hey everyone Hope you're having a great one, here's an idea on the DOLLAR ZAR, the pair has been trading in a descending channel and respecting structure with regard to price looking for continuation of this move on the pair targeting both my Fibonacci extensions. the pair is currently trading near structure we could see some range or the formation of a...
The November risk currency rally is loosing some steam which has the USD/ZAR pair struggling to break the major support rate of 15.08/.09, which is on the trend line from from March 2018 and the 78.6% Fibonacci retracement level from Covid dollar rush back in February and March this year. A break below 15.08 will allow the pair to move into the support range...
Will USDZAR go higher? Or drop it like it’s hot.
Hello everyone, if you like the idea, do not forget to support with a like and follow. on WEEKLY: USDZAR is sitting around strong demand in blue and rejecting a green trendline so we will be looking for trend-following buy setups on lower timeframes. on H1: USDZAR is forming a trendline in red so we are waiting for a new swing to form around it to consider it...
It can be seen that this configuration has a great potential for return against risk. Cheers!
Hello Traders USDZAR is making Ending Diagonal for last wave 3 FX:USDZAR