USDZAR is about to makenews highs this and next week! You can see perfect bounce from demand zone based on H1 timeframe, Fibo 50% Price Reverzal Zone (PRZ) and supportive trendline. If USDZAR will break Structure + Resistance + Trendline, we can see big move up in next weeks. Keeps eye on that. For the record: USDZAR and USDMXN are only exotic pairs I trade...
Possible downtrend using the XABCD cypher pattern and I've also used a trendline which shows a downtrend in movement? Don't really know how to use cypher patterns so guys only give constructive criticism. Could possibly retest the trendline and go short. Take care guys and trade safely.
USDZAR is forming a wedge on the daily chart and I would look for there to be a jump upwards in the near future. I would look for this to reach around 14.38 which is an area of previous resistance.
mini deal SL 13.690 TP1: 13.920 see boune or breakout after tp1... TP2: 14.110 goodluck;)
USDZAR - Short to 13.00 1st TP - 13.42 2nd TP - 13.21 3nd TP - 13.00 SL - 13.97 Sell - 13.54 or SellStop - 13.43 Good Luck. And Profits for All.
See chart and have a look at my previous analysis regarding this pair
Nice consolidation with breakout! Z A R looks weak. wait for a little pullback to buy good luck!
6 perfect hit points on both support and resistance for this ascending triangle. I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors). Zoom out to view more profit targets from...
Quite a late entry into a daily bat pattern, which we could gain a few pips on nonetheless. Even if it does stop out we still have a potential movement into a large cypher pattern which could provide a large number of pips.
I'll buy when the correction will be finished. High R:R
It's another brainless USDHKD like trade except not insured by a peg... There is long term government initiatives within interest rates to appreciate the Rand. And we all know the yen and BOJ wanting to see it much weaker... We'll see how this plays out but I would like to catalog this as a moment of inflection on this pair with interest rates being the...
It seems the finance minister has been abruptly removed. Replaced with a little known politician. The rand seems to have dropped significantly, more so than reasonable and so I would say its devaluation is overstated. The fundamentals remain the same.
Traders, channel just has been broken so this pair should be heading downwards! Good luck! Cheers, Sam