This exotic currency pair has been in a bullish trend over the past few weeks, due mostly to South Africa’s ongoing economic and political problems and partly due to USD strength. The news of the origin of a potentially dangerous coronavirus variant emerging in South Africa at the end of last week caused many countries to shut their doors on South African and...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR. - We saw the pair rally with the bulls in this past trading week. --- here's what we had - We closed the week with strong momentum to the upside. - 50 % fib level tested and saw a rejection at this...
USDZAR perfectly hit the 50% fib retracement level following a breakout from a minor upward channel. We are forming a bigger wedge which I believe will result in USDZAR's next target to be $17.00. I remain a long term bull on USDZAR.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR. Looking for continuation on the pair for a completion of the impulse. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS...
Inverted H&S pattern points to a move towards the 17.6000 level in the weeks ahead.
Hi, I am bullish on USDZAR. Plan your entry accordingly. Thanks,
USDZAR hoping to see it continue with the bullish move due to the gain of the USD.
USDZAR has made a key reversal from the HVN and trend line support and continues to carve out a potentially significant inverse head and shoulders pattern
Take Profit smashed!! Another successfully traded setup for my students group and I. The Link to the actual analysis is linked below.
We can see izar trending up possible buy boxes are from value sr levels, will confirm on lower timeframe for stack entries
I only take high probability trades. I love clean swing trades like this one cos I dont like being on the charts all the time, nor everyday all day. Should price break above the Blue line I am going to allow my trades to run. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Remember to exercise proper risk...
Usdzar has printed what looks like an inverse head and shoulder pattern, will be looking at the 1 hour time frame for corrective structures to take a buy trade.
"False breakdown" and hold of the 61.8% Fibonacci retracement level is at risk of a false breakdown of the August lows and could see the 15.xx levels once again in the $USDZAR
Clear analysis illusrates that the good run the Rand has been on of the back of good industrial reports is possibly coming to an end. Also the previous support is proving quite hard to break. The only thing that might turn the tide is bad fundamentals for the dollar. Otherwise, look for long positions.
After a long bearish trend for USDZAR over the past two weeks, finally, the price was able to reach the weekly support cluster. We can also see the loss of momentum as the price approaches this zone. Moreover, there's formation of a bearish channel on the zone which signifies a potential reversal. To buy the market wait for the breakout of the channel then buy on...
Currently on a short position but looking for a long position @ 12.70 this will take sometime to manifest but worth the wait as there's money selling to the awaited level. Have a great trading week & all the best on everything!!!
Based on technical analysis I think USDZAR seems to be bullish soon.
USD/ZAR ;TECHNICAL FORECAST:BULLISH Taking a closer look at the 4 hour chart, we see the continuation of the bullish momentum. But we have 14.50 as the next significant level of support. that we should be aware of there's a possibility that price can retrace back to that support level If you find this helpful and want more FREE Updates on Tradingview Please...