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Could be some surprise shocks in stock as we start to see more data - I would be planning to go full-on short (Long USDZAR) at 18
Looks bearish. We need this move to see what will happen with the weekly level in terms of will it become support or remain resistance.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Looking like Zar is about to bounce back against the united state dollar.
Simple chart patterns make a big difference in trading all we need here is patience
USDZAR is leaning downwards, with probability for bearish impulse reckoning high. I will ignore any buy setups and focus on the sell side during the upcoming week. Happy Trading ----------------------------------------- This idea is for entertainment purposes only, and must not be construed as an investment advice.
The US dollar to South African rand exchange rate is closing its week on a rough note as bearish investors take advantage of the renewed risk sentiment and attraction for emerging market currencies. The South African rand strengthens this Friday thanks to the easing concerns about the US-China trade war. The USDZAR pair is expected to hold on to its bearish...
USDZAR SHORT IDEA AFTER BREAKOUT THE TRENDLINE AND SUPPORT LIKE AND FOLLOW FOR MORE.
Price moving to retest the previous lows. Use proper risk management approach
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Identified is the formation of a double top on the H1 chart, should the neckline be broken correctly I'd consider an entry for the short term to the nearest support or ascending trend line , No idea where the USDZAR is heading over the longer term though.
Day before yesterday we faced some bulls coming into the market and taking control but as closing of the market Sellers order have started to dominate the market direction Use good Risk Management For those who are adding trade on this one
FX:USDZAR Based on the monthly pivots, it looks like USDZAR is to test 19.30 again. R1 = 19.3099. It rejected the pivot (18.5553) twice already.