We have seen USDZAR trade within a upward trend for most of the year, then reach a new high of R19.35. We then saw the ZAR break the upward trend and trade back below R18.00, before making a move back towards R19.00. This down and up move id what formed the cup and now for the formation to be complete, we need to see the ZAR trade back towards the R19.35 level to...
Nothing that has happened since the beginning of the week has deviated to the extent required for me to change my personal opinion of this pair, in my view it is still bullish and in line with the overall trend, if your mind is changing based on the sporadic price action around these levels, ask yourself why you're actually bullish on this pair, and if bearish why...
My previous short hit stop loss. im going in again after this break and retest!
Potential short setup on USDZAR after breaking out of the channel and retesting it. Also, take note of the ending diagonal after the breakout and retest.
The pair will continue to move higher in the following days and break out from its previous high. South Africa was able to flatten the curve of its coronavirus cases. However, the World Health Organization provided a grim outlook on the African region. The WHO said Africa might experience a rise of coronavirus cases up to 10 million in the next 6 months. Despite...
The resistance I've previously mentioned in my analysis has been broken, not decisively, however it's an important time to be watching what price does next. I personally see price retesting the support before it continues on to the next resistance as I've illustrated, I would advise waiting for the retest before getting into a long position as it would mitigate...
In this analysis I update my views on the bullish outlook on USDZAR given today's price movements. (note on the H1 timeframe I mentioned why I would not take a bullish trade, I intended to say bearish trade)
Price is ranging at this moment, patience is key!
on the D1 chart , we have potencial double top, on the H4 - we have cross and test daily ascending trend line and crossing corrective trend line with Engulfing bar , we expect to see down move to 18.0000 level
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In this analysis I break down my personal reasons for believing, based on technical and fundamental reasons, that the USDZAR may move in a bullish direction in the coming two weeks. Let me know what you think.
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Just like I published a week ago USDZAR is still a buy and you could intra buy or go long on this one.
no positive news for South Africa or ZAR rallying against USD. You could long or scalp this pair all the way up I think.
What do you guys think about this analysis ? I think you could buy this this pair all the way up . If you go for scalping or long its going all the way up. The ZAR is only wearing and there is no positive news coming out of South Africa to indicate any future rally against the USD.