USDZAR after broken the horizontal level, is now approaching to support of the parallel channel where once again we can expect bullish momentum. If the parallel channel breaks, open more short positions as bears will be more active.
USDZAR has been in distribution as highlighted in yellow box. The pair can drop to support level. Alternatively, breaking above the falling parallel channel will call bulls in the party. Trade your levels accordingly.
USDZAR has been trading in a range for more than 2 weeks (highlighted in a box). The price stuck just under the resistance zone which can be the barometer for any long position. However, the break below from the consolidation box will result in bearish spell. 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 TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum...
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.
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 TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum...
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.
USDZAR is trading in a bearish parallel channel, it is approaching to support of bearish parallel channel. We are expecting one has to remain sell on strength on it and breaking the channel will bring more bears in the party. Trade your levels accordingly.
Usdzar eliiott wave signaling price reversal, as I was expecting price to reach atleast 38.2 or 50% retracement for my wave B correction
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.
Very weak USD on Monday, sellers in control. Technical confirmation only. Good rising volume and end up in high volume pinbar. We also hold USDZAR long for long term into March. Bostic will speak soon to yahoo finance, his last comment was about 0.5 point rate. Will close soon if there's no progress. Long USD still very favorable.
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR. * The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure. - Short term the pair just broke...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR. * The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure. - Short term the pair has currently...
The weekly close below 15.65 last week is rand positive heading into 2022. The next support I'm watching is 15.50. A break below 15.50 will allow the rand to pull the pair lower towards the bottom of the orange medium term channel between 15.16 and 15.30 (or the 100 day MA at 15.23) Fundamentally however the Feds expected March rate hike will be dollar positive...
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.
Using 4h time frame we can see two possibilities to negotiate, but I would rather short now, we sow much rejection candle which means lateralization. The better way is to wait for confirmation. I'm working here with the pull-back strategy. Good Year!!!