USDZAR
USDZAR Looking horrible STILLThank you for the request
USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00
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USDZAR could reverse at top of channelwatch for some consolidation above this 18.00 USDZAR level. If we see equity markets settling and some return to risk assets in the next few days, we could see zar move back to 17.50-17.60 in the short term. Extended strength could see us back to around 17 which would coincide with the lower end of this channel.
Learning to trade - USDZAR NASDAQ And how I position my tradesThese are purely my views and they are not to be seen as truth or offensive to any stocks or currency.
CPI Results -
Historical Data, Release Date, Time, Actual, Forecast, Previous
Oct 13, 2022 (Sep) 14:30 - 8.1% 8.3%
Sep 13, 2022 (Aug) 14:30 8.3% 8.1% 8.5%
Aug 10, 2022 (Jul) 14:30 8.5% 8.7% 9.1%
Jul 13, 2022 (Jun) 14:30 9.1% 8.8% 8.6%
Jun 10, 2022 (May) 14:30 8.6% 8.3% 8.3%
I suspect a massive shift in the markets in October.
Oct 13 CPI results.
USDZAR 27th SEPTEMBER 2022Early October will be a lot of high impact data that will be released. it's possible that until Friday (September 30th) USD will correct/bearish as market participants do profit taking and reduce risk to commodities that are currently needed such as gold and oil.
Nevertheless, the macro trend of USD still tends to be bullish
USDZAR top-down analysis, UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
USDCAD and USDZAR top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 possible sell zone!!USDZAR (4h) has formed a very strong bearish price action after a rejection from the weekly resistance. Price currently has formed a strong head & shoulder on the 4H with a breakdown from the neckline. On the retest of the neckline, a sell trade is a high probability after rejection.
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USDZAR bullish price action to continue the week of 05 Sep 2022This pair has had a very nice bullish run since Apr. The bulls have broken above the s/r area around 17.150 and I am looking for a pullback to this area and evidence of bullish continuation.
If this happens, the first target would be the 17.685 area with the potential for continuation much higher. Even with a generous stop, we can have a +3.5R trade.
Always use sound money and risk management and stay patient in all your trades.
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USDZAR Critical Resistance. Levels to buy and sell.The USDZAR pair broke above its former Resistance Zone since our last analysis on June 29:
The 1.382 Fibonacci extension target was hit and yet another break-out approach turned out to be successful. With the 1D MA50 (blue trend-line) supporting since August 17, we will continue to adopt a break-out trading perspective. A 1D candle close above the 17.4400 High, will be a break-out buy signal yet again, targeting the -1.0 Fibonacci extension, which happens to be on the 2.0 Fib of the Channel. As you see, after every High break-out, the pair has always reached (or came close to) the -1.0 Fib ext.
On the other hand, a break below the Channel Up that started after the April 12 Low, will be a sell break-out signal towards the 0.0 Fib level, i.e. the bottom of the long-term Channel.
See how the MACD on the 1W time-frame remains bullish, having a sequence similar to that of June - November 2021.
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