USDZAR
USDZAR MAY RETEST AND GO DOWN
Hello, here is my analysis for USDZAR .
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Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
USDZAR NEXT MOVE USDZAR was coming down for last few weeks now it will break its trend and according to fab retracment it can go to buy.
USDZAR H4, Is it time to buy?I posted a long idea on Tuesday, price completely disrespected that daily trendline support.
Today, and as of now, we are currently on the H4 descending trendline which is a good long opportunity to the M30 timeframes 800 exponential moving average.
USDZAR H4 - SIMPLEJust when you thought you have seen it all.
let's see how simple inserted trendline to the technicals plays out.
USDZAR breaking a resistance 🦐The market shifted since the 20th of may to a bearish eviorment.
Now it just retrace back to the 0.382 fib level of the upper move and found a resistance structure.
IF the market will manage to break and restest the resistance area we can look for a short position with a nice risk reward with a target around the 0.5 fib retracement.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDZAR 17.52570 +0.11%GOOD DAY TRADERS
HERE'S A SHORT IDEA FOR THE USDZAR PAIR...
RISK MANAGEMENT
PERIOD - SWING
The South African rand takes advantage of the confusionThe South African rand takes advantage of the confusion and the risk appetite to gain against the US dollar. However, with the escalating tension in Hong Kong, the heightening US-China trade war, and the ongoing riots across America is giving a tough time for traders of the pair. However, the South African government is very much on track to reopen its economies, the optimism there is giving bears a little support. The South African rand is rallying ahead of the release of the Manufacturing PMI and the country’s total vehicle sales reports scheduled to be released later today. Last week, the South African rand lost its gaining momentum against the US dollar thanks to the mixed results from the country’s private sector credit report and trade balance for April. The South African trade balance collapsed from ZAR23.94 billion to an alarming ZAR-35.02 billion. Investors are hoping that those figures would recover along with the reopening of its economy.
Tradig Plan #USDZAR (SHORT)Hey Guys! Like and comment if you like the content. 👍 Subscribe will be a lot of interesting 👌
Sale of the pair after correction SL and TP indicated on the chart
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Pair khas utk pak itam !Sy rasa ini minggu boleh sell lah utk pair usdzar. sbb minggu nie dia OH and keep turn down. so we just focus to sell entry jela okay. ko sekolah tak? FX:USDZAR
USDZAR oversold on daily, but no divergence yet. Time to buy?
USDZAR oversold on daily, but no divergence yet. Is it time to buy yet? With DXY at resistance zone with potentially a bit more up, I would definitely not sell at this point. 17.51 has been proven strong support for now. It might potentially pull back to 18.2 area before dropping to 17.26. Selling the pullback would be the preferred option imo.
DXY:
USDZAR Finding SupportThe Rand had a good run the last 2 weeks but the following reasons may hint to a price support at current levels:
1. Price currently at 50% Fib Retracement level.
2. Horisontal price support from 2 months ago.
3. TD indicator on a perfected daily 9.
4. RSI at extreme low levels.
5. Triangular pattern plays out at current levels.
Can the Rand strengthen more? Offcourse yes, but only on the back of a weakening Dollar I would say.
Probability though more to the "price support" theme at current levels.
