USDZAR

SHORT

USDZAR, Sell on H4. H4: - Minor downtrend forming - Breakout trendline => Sell

We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...

Short from daily supply zone. Join our free telegram groupchat for trade discussions; t.me

ENTERED.

We are going short on this trade ( if you hadn't gathered that by the title ) after a bounce of a well respected resistance level in the weekly, daily and 4H timeframes. NFP is today so whatever you trade the trade carefully and reduce risks by moving SL into profit where possible.

USDZAR, Sell on H4. - Tendency: Downward - Below resistance W1 - Above support H4 and reversal candle -> Pullback=> Sell

USDZAR,Double top on H4: Sell

You can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside. Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy...

Hi All , Forgot to post this . But i think the opportunity still present itself , if we have a pull back in the structure of p&L entry . I have already entered and closing my positions , to re-enter using this plan . Patient guys , wait for the pullback and join the trend. :)

As we can see there is a strong resistance line on the 4h chart ( pointed out by our purple arrows ) and we also have 2 very strong trendlines formed ( pointed out with red arrows is where price has respected these ) All analysis is pointing south of the border with bears well in control, we are expecting price to continue respecting this resistance level and...

13.46895 is a key resistance level that will be respected, and with the 2 added trendlines ( purple arrows are where price has previously touched and respected these lines ) we can see no other direction other than down with this pairing, so we are in a sell position at the moment but we have a tight SL just above our resistance level just incase resistance is...

A Descending Triangle formation is growing on the USDZAR. There are two possibilities, a break above or a break below. This can be an easy trade usually the price moves strongly in one direction after a break. All that is needed is to place buy orders above the down sloping trend line or sell orders below the horizontal support line. The most likely outcome is a...

H4: - Structure: Downtrend - Down channel - Test resistance and close below => Down

Well all, Bullish USD is looking attractive today, the #USDZAR is floating at 13.08362 level today, This is above yesterday's close , If you bare in mind the strong up Trend as you can see on the chart, and the fact that we received three consequent up days the following Conclusion should be considered, Conclusion: According to our trend following strategy we may...

At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential...

This is a general trend analysis of the South African Rand, using the USDZAR as a study. It recommends selling the Rand (Long USDZAR, EURZAR, GBPZAR) to buy USD or other currencies. The analysis is meant for individuals who might hold Rands with a view to sell them to move to another country. Analysis points to the fact that now is a good time to start the...

Despite the Zuma vote setback, the pair has previously failed to break 200MA. Fractal fits well also.