The k21.41 remains a key price level. For the current count to still be valid the prices bust not retrace below the k21.41 level in wave for. If this count holds, the market will rally to k30.68 to complete an extended wave five that has been running for over 25 years. Please see my previous analysis to follow the USDZMW analysis attached below.
Based on the recent fluctuations in the exchange rate between the US dollar (USD) and the Zambian kwacha (ZMW), it's evident that there has been volatility in the currency pair. The exchange rate dropped from 1 USD to 27.18 ZMW to 1 USD to 26.90 ZMW, indicating some instability. However, more recently, there has been a further drop to 1 USD to 25.35 ZMW.
My...
COUlD THIS BE THE LAST STOP FOR USDZMW ?
definitively determine whether the recent weakening of the Zambian kwacha against the US dollar represents the final stop or if further depreciation is possible. Exchange rates can be influenced by a wide range of factors, including economic indicators, geopolitical events, market sentiment, and central bank policies.
The...
Currently Zambian kwacha is still in a depreciating trend due to lower copper prices and production and unfinished debt restructuring. Zambia has selected investors of its copper mines to help reach target of 3M tones copper production. Currently Zambia has not yet agreed with bond holders on debt deal. The USDZMW continues to be in an Uptrend ,and next level of...
The bullish scenario has taken precedence. The market is currently unfolding in minute wave 3. The current analysis is forecasting completion of intermediate wave 5 @ ZWM 30.68 that has been extended from june 2008 (15 years). Refer to my early analysis published on 3rd February 2023 below.
We are still seeing bullish momentum in the markets as kwacha is still loosing value againt the dollar, fundamentally/ economically the kwacha isn't performing well due to lack of proper economic activities in Zambia we will continue to see kwacha depreciate as there is a debt criss in the country and the government as of now is running low on reserves as they can...
We might see a strong buy side liquidity on USD/ZMW, W formation formed on Monthly Time Frame after price hit our MTG at k15 which is likely to head back to k22.50 Zone, it has also broken another liquidity zone (OB) at k19.28 meaning that we still have a strong bullish run, Price might be heading back to fill the VOID from the heavy sell liquidity we had from...
WE will continue to see an upward trend on USD/ZMW till K22.64, Once market reaches at this price we might start to see some appreciation in kwacha as price returned to fill the void that happened in 2021 from the huge sell, So if price doesn't start to retrace at K22.64 then we will see further buys till K23.00 so that BSL can be taken then we can see further...
Looking at a good valid weekly supply zone that market is likely to react from and continue its downward trend...Patience is vital on this pair as it has very little volatility from time to time.
Market traded straight back into the monthly supply zone. Even though this trade idea is about a short back to 15 it will generally take a whole lot of fundamentals to play in favor of ZMW. I personally expect market to stabilize in this zone. Market closing above 22.6 on the monthly Time Frame is not what we want to see as it would trickle to market creating...
Studying price action like this can help you never get lost in market structure. It helps you expect your losses as well as your profits clearly and you can clearly see when you are trading against the overall bias of the market structure!
USDZMW looking forward to continuation of the down trend after the market mitigated some of the imbalances on the highs.
Markert made a bullish engulf candle signaling a good sell off probability which is currently being tested and mitigated.
Currently the Zambian economy is facing a form of uncertainty as it has not yet successfully come to an agreement to...
USDZMW looking forward to continuation of the down trend after the market mitigated some of the imbalances on the highs.
Markert made a bullish engulf candle signaling a good sell off probability which is currently being tested and mitigated.
Currently the Zambian economy is facing a form of uncertainty as it has not yet successfully come to an agreement to...
Currently, the Zambian kwacha is facing several challenges that are impacting its value in the foreign exchange market. One of the main factors is the high inflation rate, which has been driven by a surge in food and fuel prices. In addition, the country's external debt has been on the rise, and this has led to a decline in investor confidence. These factors,...
The decline from July 2021 to August 2022 has unfolded in a zigzag . If the July 2021 record high (ZMW 22.65) completed a five wave pattern that started in the 90s (IPO). Then the current decline is not sufficient to correct the totality of the five wave pattern and the rally from August 2022 is an X wave of larger bearish Complex correction. Wave X is forecasted...
Starting off on the weekly chart we see K16.16 kwacha weekly sell breaker market shift to the upside bulls in control by confirming a k18.78 kwacha monthly sell breaker market shift more power in the move heading to the upside as the Fed prepares.
the sell off continues on usdzmw. technically the currency pair is in a confirmed downtrend, after the completion of the wave (B) we can now expect another sell off to make wave (C) probably to 11 Kwacha or further.
