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USDZAR

NEXT TRADE SETUPAfter creating a demand area, we clearly see that the market has come back for a retest on that area, which means we need to start looking for longing opportunities. It is also very important to note that following the COT Data, Big institutions are closing their longs and opening shorts on the ZAR . If on the lower time frame we are going to see a shift from a bearish movement to a bullish movement, then we are going to take the trade with a very good reward to the upside.
Long
by Big_Player
4
USDZAR POSSIBLE OHLC MONTHLY (AUGUST) AND YEARLY STRUCTURE Please support this idea with LIKE if you find it useful.. OHLC AUGUST MONTHLY STRUCTURE /OHLC YEARLY STRUCTURE ******************************************************************************* Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
8
Buy the Breakout of 17.04... Exotic Pairs Rise in USD Weakness!!Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR, USDNOK, USDMXN From last couple of years.. whenever there is weakness is in USD.. the Exotic pairs always gone for more rise and new highs!!! So right now USD weakness is all over place.. but exotic pairs starting showing potential to go upside.. USDZAR has made double bottom on 4hr and Daily.. Only thing is stalling it 200 sma on 4hr.. and then we have 50 sma on Daily.. Once clearly 17.02 taken out i am expecting another new high by taking out 19.34!!!!! I think correction has ended so a new wave is on its way.... maybe this time 21 or 23.0? Chart of usdzar is very clear.. and USDMXN is also getting ready to test its upper resistance trendline..
Long
by Jollymolly