We are in unchartered territory @Crypto_Curry told me to think about the fundamentals. Trajectory remains for a weaker currency fundamentally, however all countries that have materially large, or at risk twin deficit,s have also felt the pain of a strengthening USD compounded by domestic situation and unknown economic impact of COVID. With no technical reference...
USDZAR CAN WE STILL RISE AND PUSH FUTHER UP. ARE WE RETESTING OUR NOW SUPPORT LEVEL 17.0081 I DONT THINK THE PAIR HAS FOUND ITS ROOF YET WITH ALL HAPPENING FUNDAMENTALLY, I FEEL STRONGLY THAT WE ARE STILL GONNA SEE A RISE INT THE PAIR DURING THE CAUSE OF THE WEEK... PENDING ODERS, BUY ODERS USDZAR BUY TP 1 - 18.22628 TP2 - 15.50000
Take into consideration: Covid-19 Crisis Central Banks QE Moody's downgrade
USDZAR breaking out to new all-time highs... 18.30, then 18.70
USDZAR South Africas first line of deference ZAR may retaliate this coming week and win back its losses
Sell From Top of the Structure , Let see how Market Move in Downside. ThankYou
Price hits a falling trendline resistance and might continue the prevailing trend if this resistance holds.
USDZAR appears to have reversed after a double top formed on former Weekly major resistance level and successfully broke the double top neck line. What to look for: Break, retest and a bearish confirmation pattern to go short. Projected TAKE PROFIT level: Pink line. Red arrows > Show strong seller potential. Where can we see the Head & Shoulders pattern: H4 &...
I’ve been waiting to jump on this Long, as ZAR pairs have the biggest price movements. This means big profit potential. This 15min chart analyzes the current pullback about to take place. As long as we stay inside this BLUE triangle I have drawn, we’ll see GBPZAR fall back to test the original breakout. The area is marked as a high volume zone, as the volume bars...
USDZAR is one of the most volatile currencies. One more SMALL wave up and good correction possible. Here is M10 timeframe
USDZAR has touched a very important resistance, we will see how it goes from here in coming week. We need to watch DXY.
Hey, Just mapping out some ideas about what could happen with this pair over the next few days and weeks. Would prefer the longer term option which is obviously long just need a reason to get it and preferably lower, much lower. T$