we have finally reached the weekly supply zone that we have been waiting for since june. Momentum is still strong, so you wold expect to see some sort of basing/accumulation forming at these levels. Looking at the daily chart, we can see them starting to slow it down, however, we will look for the weekly to continue to hold support.
Bros, got no time for writing big script , lets kill it together ;) Good luck
USDZAR long analysis -Long idea - BUY 15.33500 - SL 15.25000 - TP1 15.65000 - TP2 15.77000
An idea of the continuation of the price
USDZAR broke out of a channel, and will push to the upside Share thoughts in the comments. Like and follow for more content Good Luck!!!
If Trump wins we will definitely go long and if Biden wins dollar may drop more either way the place where I find a solid structure for a buy is above 15500 where also is the main support trendline.
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Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for USDZAR, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the...
Possible retracement to around 15.50 before a move towards 14.60 in the new year. Waiting for a crossover buy signal on the MACD but the indicator should turn positive soon. Elliott wave oscillator is expected to hit the upper downward trend line before breaking the wedge to the downside.
USD/ZAR Analysis Based on price Action. With Risk Management you will Never loss. thank you