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USDZAR

USDZAR - Long Term Lookout ForexHi Everyone Been a while since I've posted on my account here! I felt like doing something different today (other than crypto) after someone asked me about USDZAR / Forex. Even if you're not into this specific trading pair, watch the video anyway, I mention some really interesting points that you can apply to your other chart pairs like fib time zones etc. The Fractal / Wyckoff Method: The Fractal demonstrating effectiveness of Fibonacci for time zones: The new fractal and accompanying Fibonacci time zone: Watch for 3 price targets before Feb 2022. Let me know your thoughts below, BlockTechEv
by BlockTechEv
4
USDZAR Expected to Move Towards 14.22 in Short TermTrend Analysis The main view of this trade idea is on the 15-Min . The FX Cross USDZAR has been trading in a rectangular pattern between the 14.33145 and 14.44046 range over the last couple of days, providing an opportunity for a breakout in the FX Cross. Expectations are for USDZAR to break below the rectangular chart pattern to head towards 14.21 zone. Technical Indicators USDZAR is trading below its short (25-SMA), medium (75-SMA) and fractal moving averages. Also the FX Cross’s KST has had a negative crossover and its RSI is trading below 50. Also, at the time of publishing the technical strategy matrix has an overall sell in the 15-min, 1-hr, 4-hr and daily timeframe. These technical indicators support the view that USDZAR will decline in the short term. Recommendation The recommendation will be to go short at market. Stop loss will be set around the 14.45 price level and a target of 14.22. This produces a risk-reward ratio of 1.31. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in USDZAR.
Short
by Ceddy86
USDZAR Intraday/ScalpYour entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So all in all we had 4 confluences supporting the entry. Another bias here is, the setup is exactly similar to my previously posted setup on Gold. Risk:Reward Ratio is 1:3 *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magnatrio
4
USDZAR SwingOpened a few short positions throughout the day, and held them. The goal was to open another entry upon the violation of the H4 trendline. I missed this entry but no harm done. I have two potential moves in mind. 1. Price may retrace bank to the trendline for a retest before continuing down. 2.Price may break below current support (maybe retest) and continue down. TIP: Be a "reactive" trader. Follow price. *Disclaimer* This is not financial advice. Forex trading is risky. Trade at own risk. #Trade_Like_A_Magnate
Short
by Magnatrio
USD/ZAR:PRICE ACTION+FIBO ANALISYS|DOWNTREND|SHORT SETUP🔔The forecast for the USD/ZAR turned bearish after this currency pair lost upside momentum. Traders should expect a rise in volatility as bulls and bears wrestle for control. Welcome back Traders, Investors, and Community! Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
3
USD/ZAR short 300 pips!USD/ZAR will have a correction this or next week. Heavy resistance at this level and monthly fib at 15.0267. Market psychology took this pair too highe due to political uncertainty and covid. We are familiar with extended trends with respect to covid. ZAR is heavily correlated with metals and bonds, especially lower yields will be bullish for ZAR, higher base metal value will be bullish for ZAR, but not so much as yields. Technical analysis shows strong resistance and DXY may have a correction soon. Which further supports the claim for bearish USD/ZAR to about 300 pips.
Short
by libertasrei
7