The ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of...
Hey Guys Looking at an excellent buy opportunity here with great ROI.
Low-interest rates in the united states and a negative current account balance should continue to structurally weaken the U.S Dollar. We look at the following trades Long NZD/USD Long EUR/USD Short USD/RUB Short USD/NOK Short USD/CAD Short USD/MXN Short USD/ZAR
Morning Guys We looking at another day of large movements. Market currently consolidating after a big move upwards yesterday. Might retest 15.3000 but dont miss out on the large bull-run upwards to R16 to R17. Looking at making big profits here, going to have to watch this pair very closely.
Hey Guys I think we nearing a turning point for this pair. Looking at a massive movement soon. Prepare for the LONG! HUGE potential profits here guys. Wait for the confirmation in the trend, or if you have the margin look at a supporting trade. We looking at seeing R17.00 soon hopefully.
Hi Guys Take a reactive approach here, wait for it to provide you with a solid indication of trend. I suspect ZAR could dip even more in the next few days.
will add to this analysis tomorrow, I'm also looking for just some stability but for now here is some of my charts. What I tried to show with the USOIL and USDZAR is that both of them benefits Sasol the higher they are. However the news of the vaccine shot up oil future and the markets overall. Along with the election and the Vaccine news 1) The rand...
HEY EVERYONE Here's an idea on the DOLLAR / ZAR which broke out of the descending channel structure pushed down with the bears now looking for some correction of this move before continuation with the bears as the pair is overbought on most indicators. as always for entries we scale down to smaller time-frames to determine entries and so forth. many stars must...
Hi Guys Ive entered 3 Long positions here. Im expecting to see R16 - R17 in the next upcoming days.
usdzar just hit what was a resistance level now forming a support level hoping that now it will continue to rise to fib level 0.618
Expect USDZAR to turn bullish soon. Share your thoughts in the comments below Like and follow for more content
Get ready for long position. Stoploss will be at 15.51130 -> double bottom. Profit targets at fibonacci level 0,618 or much more higher. This can go to test even 20 Lets see
USDZAR Opportunity - Bullish Divergence Quick Reversal Expected post 1 more low for short period of time -