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$
OANDA:USDZAR Hello guys THANKS FOR YOUR LIKES AND COMMENTS
At this stage the US dollar strength is over powering the South African Rand, however as we approach the monthly resistance zone as well as fill the previous high wick, its best to sit on the sidelines and wait for a reaction at the resistance area, any bearish signal that is presented, we will apply our entry strategies should we receive the relevant data for...
USDZAR H1 CHART PS: Thank you very much that you 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.
Biased towards a Long here on the USD Zar so far Im seeing price settling on an area of support ..expecting USD to regain strength this week.
03/17/2020 USDZAR 4Hour Analysis Today Just adding some ideas about what this market could show over the next few days. T$ Let me know your results and ideas.
Fundamentally: We are still seeing risk in the market, making USDZAR going higher. Technically: USDZAR continues to make higher highs, looking to buy pullbacks.
SELL USDZAR AT RED LINE TP AT GREEN LINE SL AT BLUE LINE BREAK OF TRENDLINE AS WELL AS 21 MOVING AVERAGE ACTS AS DYNAMIC RESISTANCE
Price May be push upside then possible a downside movement after test the Double Top Pattern. or Sell After any kind of BearFlag Pattern. ThankYou
Looking at the bigger picture, we had a fail at the second touch to push the price higher. Price is starting to squeeze at the top and we had a fail swing that has formed. Looking at a possible correction towards the downside (Aggressive) Sell around 15.3665 Trail around 15.49250 and so on