LONG USDZAR @ 14.67 TP @ 16 SL @ 14.40 We have seen the ZAR strengthening against the US dollar in the last few weeks. This was dude to rising global commodity prices helping SA's net exports. Another reason was that due to inflation and SARB entered an aggressive hiking cycle. However, I think this move is oversold. SA has many problems that they need to recover...
USDZAR LONG - Buy Entry - D1 Chart Buy @ Market Symbol: USDZAR Timeframe: D1 Type: BUY Entry Price: Buy @ Market Resistance @ 16.13850 Resistance @ 15.42816 Pivot Point Yearly @ 15.21809 Resistance @ 14.97762 Support @ 14.51604 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or...
The ZAR has been a very strong currency over recent weeks, consistently moving higher against the USD which has itself been in a long-term bullish trend. The USD also rose against a basket of currencies last week but fell quite strongly against the ZAR as can be seen in the price chart below. Last week’s price action saw a close near the low of the week’s range,...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the BASE of this structure ENTERING a range as we see momentum to the down side slow down somewhat. - Short term the pair is currently rejecting at this structure possibly signaling a...
USDZAR is trading in a bearish parallel channel, making lower highs and lower lowa, confirming a bearish trend. It has a watchout level of 15.50800. If it manages to break above it we are in bullish trend and one can take long position. Trade your levels accordingly.
USDZAR has been trading in a bearish parallel channel and is touching the top resistance of channel. Will it break? The momentum looks strong and candlestick is the prove. Only if it manages to break the horizontal highlighted area then one can enter long in here. Alternatively rejecting from the top will result in pressure. Trade your levels accordingly.
Potential buy opportunity on the retest of the daily support for a long-term movement to the upside. Entry will be ideal on the lower timeframes considering the formation of an inverse head & shoulders pattern. This trade poses a great risk-reward however, please take note that the pair is an exotic pair and with the Ukraine-Russian tension there could still be...
Price broke bullish trendline (orange line). Being in a currently downtrend and being in a resistance line, price retraced and start downtrend. My profit target is the -0.27 Fib weekly.
I shared this Analysis November 28 2021,a weakness on usdzar, and it's a long term move, hope someone out there took advantage of it. More update will follow soon, hang on to the bearish.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 is in a downtrend creating a series of lower highs and lower lows. Currently, it has formed a daily Doji with a lower high and is likely to drop. a selling opportunity may arise based on daily. please like this idea if you find value in it.
USDZAR has bounced off a Weekly/Daily support level , forming a higher low in an uptrend and bouncing off the 14 Weekly EMA . A continuation to 16.40000 (previous higher high) is expected.
the HTF of this exotic pair is still bullish. will be looking for buy positions
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
I looking for Sell for USDZAR. It already touches the Daily TF OB and I believe is now creating the Distribution Schematic and is getting ready to sell. I've mark the areas where I think it will retest to sell.
The US dollar initially fell against the South African Rand during trading on Thursday but has bounced quite significantly to break back towards the 16 Rand level. That is a large, round, psychologically significant figure so it does make a certain amount of sense that we will pay close attention to it. Beyond that, the US dollar is strengthening against a lot of...