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RAND

USD/ZAR Price Action Study - Read Contents - Do Not PresumeThis study is for demonstration and educational purposes, and study of this will start with the related idea which is linked below. As you recall, I suggested to long term buyers to beware. A few points I would like to make: 1. We are still in a bearish trend, until price breaches the trendline as noted in this tutorial. The bullish price action we have seen thus far could be very well corrective, and not a reversal of the trend. 2. Price is currently sitting at a key level in the market, at the 61.8% fib level from the latest swing points. 3. Price action will tell us if we will see more action to the upside or downside. Watch price action at the key zones as noted, and use other confluences for your entry. Given this, do not presume on the market but we must study price action as it relates to the zones as noted. For more in depth study on this and how to determine zones and key levels I invite you to join my new subscription service. I am now offering a subscription service for concentrated study of this and other pairs. Please visit www.celestefrederick.com to subscribe to this service for less than $10 per week. My subscription service will include access to: Group Chat, where we will discuss charts, education, and fundamentals Exclusive Webinars Trade Ideas with Entry and Exit Suggestions I am also having a free charting webinar on this Saturday, January 18, 2020 at 11:00 am. Visit www.celestefrederick.com to register. You can also follow me on Instagram and Facebook.
Education
by mrsceleste
1
USD/ZAR Buy opportunity study for next week - read contentsFor now this remains a study. This is for demonstration and education purposes ONLY. When you look at this what do you see. Impulse, huge flag formation. This flag formation/correction took a while to form and pulled to the 61.8% fib level. What generally comes next? We could have a nice buy opportunity approaching us for next week. We had the bullish impulse, a nice flag/correction. We should expect to see a continuation up. HOWEVER, we must get confirmation prior to entry. Watch for bullish continuation. Possible 250 pips. Trade with wisdom and use proper risk management always. refer to my post yesterday, linked below for the study.
Long
by mrsceleste
2
USDZAR targeting the 200 week moving average once again? $USDZARThe 200 week moving average has provided a significant level of support for the USDZAR currency pair since 2017. (see boxes) I will be watching the 200 wma at 13.81 with keen interest as any reversal off this level could indicate a short term move higher in the pair. The level of 20 on the RSI indicator has provided support for the dollar and is not quite oversold yet, so this could potentially give us a clue that the Rand could still get slightly stronger in the immediate term. Interesting to see that the 200 week moving average is starting to curl lower but with all the shorter term moving averages still trading above the 200 week ma, i will have to give the rand bears the benefit of the doubt for now..
Long
by MarcoOlevano
USDZAR Truly For Study Purposes ONLY - READ CONTENTSNow before I share this idea, let me tell you THIS IS FOR STUDY PURPOSES. This is what we do as traders STUDY. This idea is a tutorialL for now because I want you to read the contents and understand my profile. Let me preface before I begin a few points: 1. My trade ideas are for STUDY and EDUCATIONAL PURPOSES. 2. My goal in sharing with YOU is NOT to be RIGHT. The market doesn't give a hoot if I or you are right or wrong for that matter. Heck, I don't give a hoot if my analysis is wrong. Price action and Market movement is dynamic. It's subject to change at any notice. Just one news event can change a perfectly good set up. So know being wrong is not my biggest fear, which is why I can share freely. What is important is how we REACT to price action. A WRONG IDEA IS ONLY WRONG IF YOU ENTER UNWISELY AND LOSE YOUR CAPITAL. If I share an idea and it is not right..there is no shame in that..as that is not my goal to be right, but to help you to STUDY. 3. I DO NOT give signals..let me repeat. I DO NOT GIVE SIGNALS 4. When I share trade ideas, they are not for SIGNAL TAKERS. I repeat. MY IDEAS ARE NOT FOR SIGNAL TAKERS. 5. My ideas are for STUDENTS OF THE MARKET. I repeat. If you are a signals taker, this may not sit well with you. 6. The purpose of my profile is to EDUCATE. Meaning we STUDY the markets, watch price action and confluences to consider an entry. IF YOU DO NOT KNOW HOW TO STUDY, JOIN MY TEAM WHERE YOU WILL LEARN. INBOX ME. 7. I WILL VERY VERY RARELY TELL YOU WHEN TO EXECUTE. WHY? Again, my ideas are to EDUCATE YOU and not to tell you when to get in the market. YOU are responsible for your own entries. MY IDEAS ARE FOR STUDY PURPOSES. We should all want to be students of the market and depend on our own analysis. Take the time to learn this skill. 8. I DO NOT GIVE SIGNALS 9. If you take this idea and run with it, without exercising proper study and risk management, it is your own responsibility and fault, not mine, if your trade fails and you lose capital. Now that we got that out of the way, THIS IS FOR STUDY PURPOSES. How do we improve our winnings in the market? We do this by way of study, sharing ideas (NOT SIGNALS). If you want signals, join my team for my precise entries. For the study On a lower time frame we have the possible makings of an inverse head and shoulders. What does this mean for the future? we could possibly see the creation of a right shoulder . Is it definite? No. It's possible. We know we also see on a lower timeframe what may be the makings of a reversal for another bullish run up. Is it definite? No. It's possible. How do you determine which way price will go? Answer is WE REALLY DON'T KNOW. However, we can STUDY PRICE ACTION, CONFLUENCES, STUDY AGAIN, EXERCISE PROPER RISK MANAGEMENT and enter trades based upon our study and wise judgement. Please refer to the linked idea below, which will show you what I believe based on where we are now, what is the direction of the market. Keep in mind, the market does not move in a straight line, and it WILL have a series of bull runs and pullbacks, even sell opportunities until we make it there. My ideas are overall market outlook only What I am doing is studying price action and will see how price responds to certain areas in the market. This will determine if I enter the trade. This should determine if you enter the trade. You enter at your own risk and are responsible for your own trades and outcomes. I would love to help you learn to study; please inbox me to join my team. If not, there are a plethora of resources to help you learn the skill of trading. Thanks for following.. Feel free to leave comments if you like, follow me on Instagram and Facebook. I am here to educate and share!
Education
by mrsceleste
USDZAR - FOMC Meeting today! (RAND Trade)FX:USDZAR OVERVIEW - Price is sitting below the Kumo cloud and Tenkan-sen below Kijun-sen (bearish) - Chikou span has broken through kumo and we have a bearish twist of kumo = bearish bias on the pair - A falling wedge has developed with and oversold stochastic which could ignite a move to R15 level . (bullish) - We will be waiting for the FOMC rate decision tonight to take any further trades on the pair. A move below R14.50 will target the double top measured move. - Movement in the pair affects many of the JSE's listed stocks. - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
by Trader-Dan
USD/ZAR Possble Bullish Break - Descending WedgeFor demonstration and education purposes. As we study descending wedge formations in market structure, you may do so by Google search of "Descending Wedge Forex" we see this trade idea could be a possibility. Depending on how the daily candle closes, we may also have the makings of a bullish tweezer bottom (Google search that as well). Watch for bullish breakout from triangle, possible retest and continuation up. This could give us a minimum 400 pip bull run, and possibly the formation of a right shoulder is beginning. Use your confluences, study and trade at your own risk. Always use proper risk management.
Long
by mrsceleste