Let's see how the market reacts Usdzar seems to be bouncing of in an ascending channel, by the looks of things... As south africa heads to elections conference I believe zar will gather some strength against dollar in anticipation to the momentum, as all business interests will be on the look out fr the choosen candidate, and what they stand for interms of policies
USDZAR (4h) has formed a very strong bearish price action after a rejection from the weekly resistance. Price currently has formed a strong head & shoulder on the 4H with a breakdown from the neckline. On the retest of the neckline, a sell trade is a high probability after rejection. Thank you for visiting the idea. Press the like button if you enjoy the content :)
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.
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 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
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...
Price broke bullish trendline (orange line). Being in a currently downtrend and being in a resistance line, price retraced and start downtrend. My profit target is the -0.27 Fib weekly.
the HTF of this exotic pair is still bullish. will be looking for buy positions
The US dollar initially fell against the South African Rand during trading on Thursday but has bounced quite significantly to break back towards the 16 Rand level. That is a large, round, psychologically significant figure so it does make a certain amount of sense that we will pay close attention to it. Beyond that, the US dollar is strengthening against a lot of...
USDZAR SHORT - Sell Entry - D1 Chart Symbol: USDZAR Timeframe: D1 Type: SELL Entry Price: Sell @ Market Stop Loss: 16.35325 Take Profit: 14.85791 🔺 DISCLAIMER 🔺 For educational informational purposes only. 🔺 Analysis may change at any time without notice. 🔺 You must research and create your own trading plan.