USDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70. We see a very clear price has reached...
Hello Traders Here is an analysis of USDZAR. Currently, price going to complete wave B before continuing the uptrend for wave C. Safe trade guys
Please do not use these as trading signals What do you think is it going up or down ? I still think the $dollar is going to crash hard
The pair broke to the upside of the 50-day MA yesterday despite minimal loses in the DXY which shows that the move was largely based off rand weakness, yesterday. The 50-day MA will swing from a resistance to a support rate and I'm looking to catch a buy entry off the re-test of the 50-day MA, currently at 17.15. Short-term take profit zone between the 38.2% fibo...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDZAR Engulfing Candlestick Pattern; P (17.06); P (17.06);
The rand managed to pull the pair below the 200-day MA, currently at 16.82, last week Thursday following the US CPI print. The pair is however finding support around its 200-day MA and the dollar strength in today's early morning session has seen the pair blast up to the blue 23.6% Fibo retracement rate of 17.12. The macro risk-on factors mentioned below are rand...
Trade are still running patience pays, Big changes for state companies and nationalising the Reserve Bank – here are key proposals from the ANC The ANC suggested that measures be taken to contain state debt and said that the introduction of a wealth tax be considered to reduce inequality. The draft policy documents also reiterate that the government should...
Looking for a drop from Monthly Pivot to Monthly S2 in JAN
Hi All, This is something I do for fun I am in no way experienced in trading I just enjoy watching the patterns come together. Enjoy , please be careful of trading crypto tons of propaganda around it I can see it looks lovely to purchase I think they are crashing the dollar and then will cause btc etc to also crash due to some or other drama. When the time...
Currency Pair : USDZAE Possible direction : Bearish Technical Analysis : Price has formed multiple liquidity grab on the 4h timeframe after an strong impulse from the resistance level. As long term trend is bearish, highly likely this price will continue to drop to support level Possible trade recommendation : Bearish as per chart sketch Press like button if you...
USDZAR has broken its current up channel and is now currently consolidating after testing structure. I see us in a abc at the moment Wave down to see in effect target on screen
The DXY and the US 10-year yield fell sharply following Friday’s better than expected non-farm payrolls report for the month of December 2021 which saw the pair reject the 50-day MA at 17.30 as well as the blue 38.2% Fibo retracement level of 17.44. The dollar started this week on the back foot in the local session which has allowed the rand to test the...
UsdZar shaping nicely for downwards continuation next week for a swing trade.
The USD/ZAR remains in its sideways consolidation. It's perfect for Range Bounded traders. We can see the weakness in the rand came today where the start of Load Shedding Stage 4 has commenced. This isn't good for the confidence in the people and the economy. Also for foreign direct investments, this is unattractive to investors.
Price has been trading bearish for a while now this is a potential corrective A-B-C Zig-Zag move. The wave (C) is a possible Ending Contracting Diagonal Pattern. The wave sure seems very short and may not be complete as of yet. We know from a Zig-Zag pattern that waves A and C are often equal so we do have to keep in mind that we could still possibly see a...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.