Yesterday, I felt technically we could see much lower levels, but since we have hardly managed to move lower in any form of speed, concerns me. The stochastic is negative, and we have broken support levels, but one support 18.7000 area should act as strong now. this means the miles from 18.8500 to 18.7000 is not much, and currently we hoover around 18.7900 -...
sorry, was busy with few other things, and expected a higher USDZAR yesterday, but now think this move higher has opened the way to test 18.6150 I feel. Stochastic turning, GOLD still high, and as long as it remains high, pressure is downside for the pair. Strategy SELL @ 18.8150-18.8650 and place SL above 18.9850. Profit order @ 18.5575 for now.
there is a small gain on Zar and the market is showing a sell but we will wait for a confirmation
This might be a possible running flat if the cypher inside there works out then this might be a nice run up
The pair will likely move further south on the back of strong GOLD price levels. We have triple TOP for the pair 19.15-19.20 etc. and we broke through neckline 18.90s. Now we are trying to move beyond 18.7900 support and if given way, would expect a steep decline 18.6350 area. However, observe stochastic levels as they might be overdone at the time we have moved...
The pair has indeed moved higher as I felt would be the case. and slightly stopped before the profit level of 19.1150, but near and good enough above 19.1000 exiting. Now we have moved lower on GOLD price increase, even I felt it would move lower first. This still may be the case. Strategy SELL @ 18.9650-19.0100 and place SL above 19.0350 and take profit @...
USDZAR on the daily timeframe presents an intriguing technical setup characterized by the formation of an ascending triangle pattern. An ascending triangle typically indicates a bullish bias in the market sentiment. Consequently, there are two potential scenarios to consider. Firstly, the price action may encounter support around the lower boundary of the...
this is a bit riskier i am taking a huge precaution my buystop has been hit few pips can make a difference. happy Easter weekend
Hey Traders, Lots of traders are looking at the USDZAR and current price action areas. Particularly this comes at key resistance/rejection areas. Watch for more.
The SARB will announce their latest repo rate on Thursday and expectations are for the SARB to leave rates unchanged at 8.25%. The SARB will lag the Fed when it comes to rate cuts so South Africans should, on a best case scenario, only expect rate cuts in the back-end of the year. The SARB will not cut rates until the Fed has started cutting rates. The rand...
When we moved lower, I thought am wrong, but the SL 18.8350 has not been violated. The market is side ways for the pair, but think considering GOLD think we have a chnce first to see higher levels. Strategy BY @ 18.8650-18.8900 and place SL below 18.8125 now and take profit @ 19.1150.
Even though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels. I would prefer with a positive stochastic, and also the room we have higher, to BUY instead. Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
Longsss babbyyy -break, retest and continuation of falling wedge -Right shoulder and within session -my FXBook correlation
The pair is poised to move further south. The stochastic remains negative, and we have retreated from the GANN resistances as shown on the chart. Strategy SELL @ 18.8850 -18.9150 and place SL above 19.0500 and take profit @ 18.7350 for now.
USDZAR SEE A POSSIBLE BUYING OPPORTUNITY AS PRICE APPROACHES OUR BULLISH ORDER BLOCK. just above our order block we see that price left an imbalance that needs to be filled. USDZAR:POSSIBLE BUYING OPPORTUNITY
Based on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI. A Top was created in February 2016. Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here. Based on my TA, from November 2023 till 22 January 2024 we were in a...
Dollar is gonna be weak this week so we looking for bears on usdxxx and bulls on xxxusd
Using the EUR/USD currency pair, we will provide an example of how and when to buy or sell forex. Let’s say you want to buy the EUR/USD. If the EUR goes up in value relative to the USD once the trade is sold, you could have made a profit (depending on commission and other fees). A trader in this example would be buying the EUR and selling the USD a...