This pair has had a very nice bullish run since Apr. The bulls have broken above the s/r area around 17.150 and I am looking for a pullback to this area and evidence of bullish continuation. If this happens, the first target would be the 17.685 area with the potential for continuation much higher. Even with a generous stop, we can have a +3.5R trade. Always...
USDZAR has been trading in a rising wedge. Recently the wedge has been broken but horizontal support is holding the level. We are expecting a breakdown if the horizontal level is broken and the target is around 16.9 Trade your levels accordingly.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis. Press like button if you enjoy this content 😊
USDZAR has formed a very strong bullish price action on daily, weekly, and 4H. Price has just tested the weekly neckline and formed a weekly doji and daily bullish candle on daily 20EMA. It is highly likely that USDZAR will continue to rise from this zone to continue its uptrend. Press the like button if you enjoy this content :)
The USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell. The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between...
USDZAR POSSIBLE SELL SETUP, After the rally, we are waiting for a retracement to occur
USDZAR (4H) has formed a strong bearish engulfer on the 4H timeframe with a strong breakdown in the direction of the trend. Price action is showing a possibility of to drop in the weekly support from this zone. Thank you for visiting the idea, press like button if you find value in this analysis :)
USDZAR still looks to have found support around the 16.50 area. Will see if we can approach the 17.30 area once again
USDZAR ( 4h) is moving along a downtrend after rejection from the monthly top. Currently, the price has just completed pullback and now creating a possible bearish engulfer which upon close, could create another selling opportunity! If you find value in this idea, press like button :)
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDZAR has given a breakout from a bullish flag. If the pattern sustains the target will be 17.012. The chances of upside are positive as it has crossed the horizontal resistance and retesting it as well. Trade your levels accordingly.
The recent price action is corrective and within a channel structure. Many call this PA as a flag pattern (seen better on the H4 chart). Either way, price is now at support and I expect this 15.4240 region to hold. It has been tested a few times already and I am ready to take a long here. Additional factors in favor of a long are: the preceding trend was bullish...
USDZAR has been rejected from the weekly level of resistance and creating a bearish price action. It looks like USDZAR may drop from this level of resistance to the possible support at 15.42698
Helloooooo traders....USDZAR showing signs of a drop coming most probably during NY session. Keep a lookout for a reaction at price 16.3000 for a fall. Risk small....happy trading.
Hi Everyone! This is just my analysis so BE RESPONSIBLE with your own Trades. I am still a newbie and currently still learning, I am not profitable yet!
LONG USDZAR @ 14.67 TP @ 16 SL @ 14.40 We have seen the ZAR strengthening against the US dollar in the last few weeks. This was dude to rising global commodity prices helping SA's net exports. Another reason was that due to inflation and SARB entered an aggressive hiking cycle. However, I think this move is oversold. SA has many problems that they need to recover...
USDZAR LONG - Buy Entry - D1 Chart Buy @ Market Symbol: USDZAR Timeframe: D1 Type: BUY Entry Price: Buy @ Market Resistance @ 16.13850 Resistance @ 15.42816 Pivot Point Yearly @ 15.21809 Resistance @ 14.97762 Support @ 14.51604 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or...
The ZAR has been a very strong currency over recent weeks, consistently moving higher against the USD which has itself been in a long-term bullish trend. The USD also rose against a basket of currencies last week but fell quite strongly against the ZAR as can be seen in the price chart below. Last week’s price action saw a close near the low of the week’s range,...