no positive news for South Africa or ZAR rallying against USD. You could long or scalp this pair all the way up I think.
What do you guys think about this analysis ? I think you could buy this this pair all the way up . If you go for scalping or long its going all the way up. The ZAR is only wearing and there is no positive news coming out of South Africa to indicate any future rally against the USD.
Have a look guys and lets discuss your thoughts?? Thanks.
More room for USDZAR to go up. Trend analysis going up.
USDZAR is one of the most volatile currencies. One more SMALL wave up and good correction possible. Here is M10 timeframe
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
Called it a week ago. If you saw it and traded it , you are welcome lol!! :)
USDZAR is in a CRITICAL zone to sell but i see the continuation of the previous BULLISH move, honestly but NFP is few hours to come, it might push the market up or push it down. But i will not do anything on it until after NFP, it might be next week. If you know how to trade NFP, why not but the best is to protect your money.
I have been on the sideline watching how things are playing out. Lookout for price at 14.55 and 14.31, Price could break or respect it.
USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse? USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry. And if it pulls back, i will still wait for a retest to confirm my...
2,500 pips on two position secured in the bag already, if you are not in yet, look for a possible pullback to enter. My 3rd position is still active, i will ride it down. If it pulls back, slam it with another entry!
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
Hey guys, just an idea and inspiration for you. ;-) Seems like we continue the downtrend.
Trend going down making lower lows continue, Sell Expected on Pullback
I think we will see bounce back to above R15 level. The question is when! If we see break of current key zone, the price may continue to fall to the next support zone and a sharp bounce above R15 level. Otherwise it may bounce next 2 days from the current key zone. Make decision based on the price action. Trade at your own risk. This is just my opinion. I am a...
potential buy setup .... I will update following this analysis , so follow to get the notifications of potential trades entries :)
Currently the price is in the no-trade zone, however, a break from the descending triangle pattern will give us a confirmation for going short