USDZAR watchout for a sell or buy entry, be patient wait for your signal.
USDZAR short : All the entries should be applied if all the rules are applied.
USDZAR South Africa's first Line of defense trading at a strongest level since march 12... if this could keep up we could see an extasion as far as 15.32
As investors wait for the crucial interest rate decision of the South African Reserve Bank, the rand momentarily slows down against the US dollar. However, as the greenback also remains vulnerable, the pair is still projected to go down to its support level by the latter half of the month. Moreover, the monetary policy committee of the SARB has a lot to digest...
wait for retest of support turned resistance level and look for any sign of candle rejection and sell this pair .cheers!!!
USDZAR DAILY CHART Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
buy setup usd/zar. I already entered this trade, for a better entry go to lower tf. Im expecting soon to break the resistance for then to have more confirmation.
DXY was refracting yesterday and the rally continues to the upside. We are also in a demand zone in confluence with 78% fib level. Foreign Exchange and CFD Trading are leveraged products that involve a significant risk of loss. The trader is liable to either a portion, or the entire loss of margin deposit if proper consideration of the risks, as well as...
The pair is working into a wedge and it's being squeezed by the 50- and 200-day EMA's. I expect the 200-day EMA to hold but tomorrow's ECB meeting could see funds flowing to emerging markets which places the 200-day EMA at risk of being broken. Opinions?