USDZAR - NEXT TRIANGLE TO WATCH OUT FOR THE EXPLOSIONUSDZAR - NEXT TRIANGLE TO WATCH OUT FOR THE EXPLOSION
USDZAR
USDZAR SHORT TERM THEORY...A BIT OF WAVING & TECH ANALYSISHi Traders!
I hope everyone is doing great. We as speculative traders have stayed in the same type of zone because we are naturally in lock-down with these 2 screens in from of us.
Simply meaning not much has changed in my trading world. Except for everyone who was used to specific bias ideas and got shifted when the market took a dive early this year. Nonetheless here is an idea of USDZAR short term concept.
See how it fits into your idea. I missed the buy, but with patience and tracking I should be able to catch the opposite today or tomorrow.
Till next time,
FIBZ
USD/ZAR : Strong Buy on the BottomWe can see soon reversal upside after MultiTouch Confirmation.
ThankYTou
USDZAR sell entry safe sell entry
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Rand looks like it wants to grind back to R18/USDCould be some surprise shocks in stock as we start to see more data - I would be planning to go full-on short (Long USDZAR) at 18
USDZARLooks bearish. We need this move to see what will happen with the weekly level in terms of will it become support or remain resistance.
USD/ZAR MULTI-TIMEFRAME ANALYSIS UPDATE!!! Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Simplify trades ,thiscan go either waySimple chart patterns make a big difference in trading all we need here is patience
USDZAR: Catch Me If You Can: Bears to Bulls
USDZAR is leaning downwards, with probability for bearish impulse reckoning high.
I will ignore any buy setups and focus on the sell side during the upcoming week.
Happy Trading
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This idea is for entertainment purposes only, and must not be construed as an investment advice.
USD to ZAR exchange rate is closing its week on a rough noteThe US dollar to South African rand exchange rate is closing its week on a rough note as bearish investors take advantage of the renewed risk sentiment and attraction for emerging market currencies. The South African rand strengthens this Friday thanks to the easing concerns about the US-China trade war. The USDZAR pair is expected to hold on to its bearish momentums as the rand looks to regain some of its losses against the greenback. Apparently, the positive news about US and Chinese trade negotiators holding a phone call gave off a risk-on mood for investors. According to reports, the top trade officials of Washington and Beijing agreed to fortify their economies and prioritize public health cooperation. The news further undermined the safe-haven appeal of the US dollar. And considering that news about the South African economy gradually reopening once again has also boosted the confidence of the bearish investors.
USDZAR SHORT IDEA AFTER BREAKOUT THE TRENDLINE AND SUPPORTUSDZAR SHORT IDEA AFTER BREAKOUT THE TRENDLINE AND SUPPORT
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