usdzarlong

BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!

Please refer to the linked idea below, which has so far played out well. We now see in addition to this linked trade, a possible teacup. We see price retraced to the 50% key fib level before making an impulsive move to the upside. I am watching for breakout from the handle before considering a buy position to the next key level as noted. Fundamentally, Moody's is...

See trade idea below with analysis and comments. We saw that price bounced off the 61.8% fib level, and took off on a bull run. It retraced very recently to the 50% fib level and appears to be taking off again. We can look at the daily moving averages (50 and 200) and see that the moving averages are crossing, possibly to the upside. This would be a potential...

As I study pairs I like to look at all possibilities in the market and look at confluences in the market for probably trade set ups. As we know, as retail traders, we don't move the markets. We simply go along for the ride. We can study market structure, price action and key levels to formulate possible ideas. Given this, I will say that this idea is for...

USDZAR can make huge move.

USDZAR brokeup channel resistance. Now i am waiting retest and candlestick confirmation.

With the break of the current resistance, USDZAR is set for 15.50 and a possible 17 later this year! The light blue structure indicates a possible formation which will delay the rally but will still be of bullish nature and have the same end result.

We had bearish momemtum on the weekly chartFX:USDZAR Formation of flag pattern Break of the flag pattern We will now wait for retest of break and buy to the upside TP1@ 14.68573 TP2@ 14.82020 TP3@ 14.9522

Wait for breakouts before entering...

Please see my related post linked below as you proceed with this analysis. Recently, from a fundamentals standpoint, the state of the economy at South Africa has recently come into question ahead of May's election. Today, a severe power cut (Escom) has been put in place, which has added more uncertainty to the woes of the already troubled rand. Three things to...

- Oversold on weekly, daily & 4hr. - Breakout of downtrend would adhere to elliot wave. - Touching daily & 4hr support trend line. What are your thoughts?

if it break with a confirmation signal , we can go for short to 13,00 otherwise we push our way to 13,35 1st Tp Personally i-ll aim to the 13,50- Got no SL.

Taking into we are reaching the lowest price since August 2018 I expect a move to go back from current 13.60 to at least 13.85 in a very conservative perspective or even as high as 14.40 as it did in November. There are no significant fundamentals to explain this decrease and surely those 13.55 will act as a huge support in case it continue going down. Stop Lopss...

We see price bounced so nicely off the 50% fib level from the higher time frame with an impulsive move. By paying attention to the trendline and in accordance with the fib extension, I would watch for price to reach 50%, 61.8% or 78.6% fib level, which would again respect the trendline as noted. In terms of fundamentals, the South African Reserve Bank defended...

BUY @ 14.55 - IDEAL 14.4180 TP 1 14.65 TP 2 14.77 TP 3 15.00 TP 4 15.38 TP 5. 16 SL 14.27

USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.600 (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our resistance and we...

USDZAR is approaching our first support at 13.60 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement, Horizontal pullback support, Descending channel support) where a strong bounce might occur above this level pushing price up to our major resistance at 13.97 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance)....

USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.6009 (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we...