The pair has reached SL (not far from entry as a try-out). now we have moved within a range, and it feels we may trade between 18.80-19.05 for the coming sessions. I prefer BUY on dips, as I am not trusting GOLD values where they are at. Strategy BUY @ 18.8250-18.8500 and take profit near 19.0000. SL suggested below 18.8000.
Hi there, Fundamentals : The South African rand was stable in early trading as investors awaited the release of producer price inflation data and the central bank's rate decision. The rand had strengthened the previous day after consumer inflation fell for a second consecutive month. However, analysts believe that this is unlikely to affect interest rates for...
The pair has remained holding at the lows and GOLD has spiked further (against my belief). However, GOLD is overbought, and it will correct lower in time. Therefore, the pair here should be BUY on dip for move back towards 19.3000. Strategy BUY @ 18.9700-19.0400 and place SL below 18.9350 with a profit order @ 19.2350.
Seems price has found support at the bottom of the upward trend line. Price also touched KC and 4h hour RSI stochastic is oversold and has crossed to confirm upward momentum
ABCD strategy, Trendline and Bullish Flag Formation
The pair has moved sharply lower on the back of GOLD. Now we are in the lower band with support 19.0050 area and top around 19.3000. For now am a careful buyer, since GOLD might be over done now. Strategy BUY @ 19.0650-19.1000 and place SL below 19.0000. Profit order @ 19.2350.
Previous setup on GBPAUD, went well is about 100pips in profit... Lets just hope this setup for this week will go well as well
19.0660 is our pivot point. Our preference Rebound. Alternative scenario Below 19.0660, expect 18.9760 and 18.9220. Comment The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (19.1650) but...
USD/ZAR will break lower towards 18.90s before re-testing 19.30s.
The pair has moved as expected, and now it will consolidate somewhat. I feel we may see re-test lower area, but then perhaps we should try the BUY side again. Strategy BUY @ 19.0450-19.0700 and place SL below 18.9700 and take profit @ 19.2350.
USDZAR Up. Price flattening at bottom. Deep divergence. Possible lowest volume of day at base. There's a previous Resistance at base thats possibly turning into Support now. Too many confluences. 5-10x RR.
USDZAR looking to bounce off local support. Buy at 19.14 and take profit above 19.35
Confirmation of a sell on usdzar I have sent analysis on USDZAR..the market choose to give us a perfect breakout on a sell
We are.still waiting for a confirmation candle stick.. cause now the market it's still consolidating..we are just waking for A confirmation breakout can still..that's when we will know weather the market will continue with the uptror Start will the down trend
Our resistance point is the high of Q4 (R19,6282) which is also the head of the head and shoulder pattern. Looking at recently a AB=CD pattern could complete near the recent higher high which is also last weeks high, and I'm expecting a sell signal could mean a possible reversal to last week low ,which is also the recent higher low (R18,81728) however a possible...
Following on from the previous post, we have now closed above the R19.20 important level for the USDZAR. The odds are we likely target R19.44-50 then R19.65 next while R19.20 intact. The double bottom has a measured move to R20.20 (trend remains up). Below R18.77 would signal a failed break which would favour the rand on the bigger picture. Previous Post in link
1)Trendline resistance consistent 2)DXY Dollar weakness's across all pairs and index
Up trend on usdzar.. On usdzar it's on 19.20788. Then bounche back again and continue with its uptrend.. Our Tp1 will be on 19.63254 Then our second tp2 will be on 19.90928..