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 :)
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...
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,...
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.
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 is in a downtrend creating a series of lower highs and lower lows. Currently, it has formed a daily Doji with a lower high and is likely to drop. a selling opportunity may arise based on daily. please like this idea if you find value in it.
the HTF of this exotic pair is still bullish. will be looking for buy positions
Retracement happening on USDZAR toward the price 15.51967, looking forward to short this exotic pair, waiting for us session to confirm, #aksantisFX
Price broke the precious down trend and generally speaking we are waiting for a pullback before upside movement
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 Forecast for next week : look to sell it for next days
Break of structure for potential upside movement meaning we are wafting for the pullback to complete before BUYING
Take Profit smashed!! Another successfully traded setup for my students group and I. The Link to the actual analysis is linked below.
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...