USDZAR Forex cross pair technical analysis and trading forecast
The US dollar and Dollar Index DXY are pretty strong creating new demand levels in a clear trend. There are many USD Forex Cross pairs and exotics pairs like USDZAR that also have a clear uptrend and bullish bias creating new weekly demand demand imbalances.
We don’t need complex Forex trading strategies to locate price levels to trade on USD Forex cross pairs, we just need to locate imbalances and impulses that are strong enough to accomplish something. USDZAR Forex cross pair is such a case. Having a new imbalance located on the charts does not necessarily mean that price will retrace to it, many times the underlying asset will just keep on moving in the expected direction without pulling back. This is the case right now on USDZAR Forex weekly timeframe where price has not been able to retrace to strong imbalance located around 14.
As a Forex trading beginner you want to avoid complexities, you want to have a clear view of where you can place your trades without having a PhD on economics or being glued to your computer all day long trying to scratch some money out of nowhere. Forex trading for beginners should not be that difficult if you eliminate all the noise.
We don’t need complex Forex trading strategies to locate price levels to trade on USD Forex cross pairs, we just need to locate imbalances and impulses that are strong enough to accomplish something. USDZAR Forex cross pair is such a case. Having a new imbalance located on the charts does not necessarily mean that price will retrace to it, many times the underlying asset will just keep on moving in the expected direction without pulling back. This is the case right now on USDZAR Forex weekly timeframe where price has not been able to retrace to strong imbalance located around 14.
As a Forex trading beginner you want to avoid complexities, you want to have a clear view of where you can place your trades without having a PhD on economics or being glued to your computer all day long trying to scratch some money out of nowhere. Forex trading for beginners should not be that difficult if you eliminate all the noise.