USDZAR has been bearish for quite some time now, breaking several structures downwards too. On both the weekly and daily TFs you can see some imbalance downwards which seems to be attracting the price further downwards to demand. From what I can see on the 4H - price has actually respected previously created blocks, especially after the most significant break...
Despite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum. We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's...
We have 4h liquidity sweep, shifted bullish and initially made a minor sweep to mitigate the breaker block, followed by the first break to the upside then after an internal sweep to mitigate the order block… looking for a pullback to the unmitigated order block then a hike to the buy side liquidity…
This pair is very tricky at this point as it rests on trend line. Many traders anticipate a breakout toward 17.5 but before that can happen, we believe sell will only be activated at 19.6. Let's buy and hold. The chart is self-explanatory.
HI FRIENDS!! As we can see this USDZAR again near at support zone we have good chance to join the rally as we can see US $ is holding support and all major pairs. this pair is also holding a strong support and trading above a uptrend line zone, so our risk and reward ratio is fantastic on this pair let's see what markets brings its just a trade idea share Ur...
Hello everyone, We are waiting for now for a breakout to down from the price 18,80550 or to continue raising to the up from the price 19000 please like comment and follow to support us.
Looking at USDZAR on our weekly chart we can notice that USDZAR has been failing to break to the downside as has been respecting our previously outlined levels. To elaborate further we can take note of the fact that USDZAR’s failure to break through our 17.50xxx Psychological level confirmed a new higher low on the pair after which it started rallying back up and...
USDZAR saw a strong surge of bearish movement this past week, which almost had me thinking price would crash to 17 points. Let us keep in mind that the overall trend for this pair is bullish. Here we observe that price is rejecting local support 18.4. H4 structure is not clear at the moment but from my experience, I predict a bullish flag which will break out...
monitor how the market broke out off the trend channel , now retesting the support of the trend channel
We have been waiting for the pull back entry and the time is now looking going long is the only way now the buyers are in no second guessing here we go
USDZAR is looking to reverse. It has clearly slowed its downwards movement and is looking to reverse up top to potentially continue its down movement. This was signified through its break of structure on the 4H chart. As shown on the 15 minute chart it has broken structure. The only worrying part is that it is returning back to break even. However this has the...
Potential Sell on USDZAR, Downtrend and rejection from 18.144 zone. Could expect further downside. SL: 18.19 TP1 : 17.898 TP2: 17.77 TP3 : 17.698
USDZAR | Weekly Looking to the left on USDZAR based on my initial analysis, we notice that we he had a target for USDZAR at 21.2xxxx - 21.5xxxx after which we saw USDZAR rally all the way up to 19.93xxx creating a new high for the USDZAR we saw it fail to break above our 20.xxxxx psychological level. After failing to break above the 20.xxxxx level we noticed...
Since the USD/ZAR hit my target price at R19.80. It's been retracting a bit. It weakened fast and furious. And now we can expect a bit of a retracement before the USD continues to strengthen. I truly hope the USD/ZAR continues to weaken so the rand can strengthen more... It's embarrassing seeing the rand at levels above R19 in the US, UK, Swiss etc......
usdzar reached strong zone and i hope perform its role RR: 1:6 Entry:18.46 Target:17.51
usdzar ready to big drop are you ready for big bearish
Hello with the Feds rate decision in play we see that the Rand is getting stronger. Going down to 4hr Support level. One of two things could happen here 1. The rand could reach up again to close the future value Gaps noted on the 1hr timeframe. This will suggest that the dollar will recover. We will have to monitor the movement in this zone. 2. We could see a...
It pains me to say our USD/ZAR trade hit the take profit level at R18.48 and now it looks like further upside for the USD is on the way. Another Cup and Handle has formed, which has broken above the neckline. And if we place the stop loss below the handle, we get the next target at R19.71. 7>21>200 RSI>50 Target R19.71 With interest rates on the rise in...