The ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of...
USDZAR short : All the entries should be applied if all the rules are applied.
All the entries should be taken if all the rules of entries are applied . Follow it for learning. Do comment us we will guide you
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...
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.
I believe we are still trading within the bounds of the daily pennant that formed over the last several weeks. Visible on the chart is the 4H descending Channel I have drawn in as well as the 1H descending channel I have drawn in both of which are currently respected, both falling in line with the daily pennant formation. The purple and orange arrows denote the...
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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
Just like I published a week ago USDZAR is still a buy and you could intra buy or go long on this one.
no positive news for South Africa or ZAR rallying against USD. You could long or scalp this pair all the way up I think.
What do you guys think about this analysis ? I think you could buy this this pair all the way up . If you go for scalping or long its going all the way up. The ZAR is only wearing and there is no positive news coming out of South Africa to indicate any future rally against the USD.
Have a look guys and lets discuss your thoughts?? Thanks.
USDZAR is one of the most volatile currencies. One more SMALL wave up and good correction possible. Here is M10 timeframe