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.
Currently on a short position but looking for a long position @ 12.70 this will take sometime to manifest but worth
the wait as there's money selling to the awaited level.
Have a great trading week & all the best on everything!!!
We have seen USDZAR price was falling like Skyfall the last couple of weeks, and all the Bear was enjoying the fall, but now it's Bull time. If you closely see the USDZAR daily time frame, it's already breakout the downtrend channel and creates a good reversal umbrella pattern. Right now, it consolidates the support level, which is good for me for further up. We...
The ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of...
DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
USD/ZAR was very bearish for the past few weeks, but to be honest, this is a clear trend change in my opinion. We will be monitoring price action and if all the rules of our strategy will be satisfied we will be interested in taking a nice long, with good risk to reward and probabilities for a nice push to the upside.
The days of gloom lie ahead for the South African economy.
Very optimistic for a South African citizen right....? NAH!
Let me begin with a disclaimer: firstly I am a proud South African citizen and secondly I'm a Market Technician by profession. My job as a Technical Analyst is to study financial instruments or charts using time tested principles to deduce an...
We will be looking for selling opportunity if price breaks the area of previous support now turned resistance. After the results of IRD, there is no doubt, that trend will continue. Pullbacks offer value.
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.
As i said yesterday, USDZAR will still pullback to give another sell entry.
And can also reverse to break the trendline and continue on a bullish move. It's unlikely that will happen though.
But either way be ready to react to it.
I'm waiting for the pullback and to continue the bearish move.
Look out for structure.
Hello to all watching my charts.
Here in USDZAR we have a nice chance
to get a look at a trend change to long.
The pair is still SHORT
(in my blue longtime shortchannel)
but has been made a nice Long try in the
shortterm green channel as well and now:
Watch out
1. the red marked line and
2. the blue resistance line in the range 14.68
Both lines have to be...
