USDZAR has been trading in a rising wedge. Recently the wedge has been broken but horizontal support is holding the level. We are expecting a breakdown if the horizontal level is broken and the target is around 16.9 Trade your levels accordingly.
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. Press like button if you enjoy this content 😊
USDZAR has formed a very strong bullish price action on daily, weekly, and 4H. Price has just tested the weekly neckline and formed a weekly doji and daily bullish candle on daily 20EMA. It is highly likely that USDZAR will continue to rise from this zone to continue its uptrend. Press the like button if you enjoy this content :)
The USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell. The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between...
USDZAR POSSIBLE SELL SETUP, After the rally, we are waiting for a retracement to occur
**Risk-to-Reward** 1:15 Buy USDZAR @ 16.71524 Stop Loss: 16.66264 Take Profit: 17.50500 Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader...
USDZAR has given a breakout from a bullish continuation pattern of cup-n-handle. The price since breaking gave a parabolic move and is expected to move more upside. Alternatively, breaking below the breakout area will be all over for the bulls. Trade your levels accordingly.
USDZAR has given a breakout from a bullish flag. If the pattern sustains the target will be 17.012. The chances of upside are positive as it has crossed the horizontal resistance and retesting it as well. Trade your levels accordingly.
USDZAR $USDZAR Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
The recent price action is corrective and within a channel structure. Many call this PA as a flag pattern (seen better on the H4 chart). Either way, price is now at support and I expect this 15.4240 region to hold. It has been tested a few times already and I am ready to take a long here. Additional factors in favor of a long are: the preceding trend was bullish...
I'm looking for USDZAR to bounce off the yearly support area. I've included two entries in case one fails. As always manage your risk. This is just what I'm seeing and is not financial advice.
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 could rally up with a new high from a famous pattern of head and shoulders. We will only look to buy the pair when the neckline is retested successfully for the strong push to the upside. Target is percentage-based with the Fibonacci on 200%.
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...
USDZAR has been trading in bearish parallel channel and recently price has hit the bottom of the channel. We are expecting a bullish bounce from here. Alternatively, breaking below the support will call for more bears in the party. Trade your levels accordingly.
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...
Another MASSIVE squeeze on USD happening on Ukraine crisis ease moment. UZAR on MA200 D1 dynamic support and also overbought. Good Long opportunity.
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.