As price is trickling down and forming an expanding channel, I am looking for a long term sell after price pushes back up for a third touch to complete the the pattern.
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
USDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1,w1 time frame. Price broke key level at level 17.5000 Strong Resistance level thats the secondary supply with strong bullish movement and now at point 17.9999 and it can restest its near support at secondary supply at point 17.5000 . and if it breaks the secondary supply...
USDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1 time frame. Price broke key level at level 16.7000 with strong bullish movement and now at point 17.3150 and it has to restest its near resistance at point 17.18000 and if it break that next support than its next target and adopot the point area 16.5000 thats belong to the...
See how you can grab some money from this and check out the daily chart from yesterday. Good luck! YELLEN
Major resistance for the USD/ZAR pair is expected at 17.27 and a break above this rate will see the forecast range between 17.32 – 17.48 realize year-end. A move into this range is less probable than the zone’s below the major resistance of 17.28. Red zone 1 is expected for August month-end. Red zone 2 is expected for September month-end. Red zone 3 is...
USDZAR is about to test its near support level as indicated in the analysis. we can have a good short pips before it tests its monthly support. Entries should be taken only if all the rules of entries are applied.
watch Bear Flag and sell in downside. ThankYou
as we see this pair reject from the strong resistance area and we are planing for a sell after confirmation we appreciate ur likes and comments follow us for more updates its exotic pair always use money management
Looking For Upside Movement. ThankYou
My analysis of how USDZAR can potentially play out over the upcoming days. I'm anticipating a reversal at the 61.8% fib level. Will update on the trade as the week progresses. What are your thoughts on the pair? Hit the comment button and let me know what you think.
Still currently looking for shorts but might expect a bigger retracement or some consolidation in this area ,due to fundamentals . Please feel free to comment.
USD/ZAR was very bearish for the past few weeks, but to be honest, this is a clear trend change in my opinion. We will be monitoring price action and if all the rules of our strategy will be satisfied we will be interested in taking a nice long, with good risk to reward and probabilities for a nice push to the upside.
The days of gloom lie ahead for the South African economy. Very optimistic for a South African citizen right....? NAH! Let me begin with a disclaimer: firstly I am a proud South African citizen and secondly I'm a Market Technician by profession. My job as a Technical Analyst is to study financial instruments or charts using time tested principles to deduce an...
We will be looking for selling opportunity if price breaks the area of previous support now turned resistance. After the results of IRD, there is no doubt, that trend will continue. Pullbacks offer value.
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Good new week to all the Traders out there, I had a draw down week last week but is simply motivation to kick back stronger. The USDZAR has given us two beautiful Bearish chart patterns. * BEARISH Symmetric Triangle * Double Top formation