A safe trade on USDZAR!If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
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Have a great day everyone!
Usdzaranalysis
SELL USDZAR (Wait for Retest)USDZAR is still on a downtrend and after the price was pushed up to R14.5 and rejected from the zone.
Sell is looking good even if you pull out your fib.
Technically USDZAR is a good sell and put in mind that South Africa economy is in a real mess in recent time and the US market opens on Tuesday,
All things good, i see USDZAR selling to R13.9
Trade with caution!
USD/ZAR : Sell on Pullback ConfirmationTrend going down making lower lows continue, Sell Expected on Pullback
USDZAR SELL COMING??????The chart patterns forming are clear as shown in the chart but I am mostly interested in the COT report, banks are holding longs on the ZAR yet we have been seeing a bullish move in the last week or so, a DROP IS CLOSE WE CAN GET A DOUBLE TOP along the trend line, SO BE ON THE LOOK OUT
USDZAR BOUNCE ABOVE R15 (LONG in long term)I think we will see bounce back to above R15 level. The question is when!
If we see break of current key zone, the price may continue to fall to the next support zone and a sharp bounce above R15 level.
Otherwise it may bounce next 2 days from the current key zone.
Make decision based on the price action.
Trade at your own risk.
This is just my opinion. I am a beginner level trader with only 5 years experience.
Best Regards,
Rufan.
USDZAR ForecastDaily zone broken and appears the market has already retraced the zone so we'll be going short looking for @13.86872
Like and comment your thoughts !!
USDZAR BUY SETUPpotential buy setup .... I will update following this analysis , so follow to get the notifications of potential trades entries :)
USDZAR USDZAR D1
-Created triangle pattern
-Wait for trend line breakout
-Need Strong breakout candle
=Buy signal
USD/ZAR IdeaCurrently the price is in the no-trade zone, however, a break from the descending triangle pattern will give us a confirmation for going short
USD/ZAR AnalysisAs per the last analysis, we saw a huge dump, but this week expects it to grow a few steps up, as the shadow of the last candle shows buying pressure.
USDZAR POSSIBLE BULLISH MOVEWe have a possible right shoulder for price action guys and end of wave 2 and beginning of wave 3 for Elliot enthusiasts.
Good luck,
Fibz
USDZAR ABC COMPLETED? BEARS MIGHT TAKE OVERWatch this trade and see how it fits into your system.
keep pipping!
USDZAR SHORTUSDZAR SHORT
SHORTING FROM 15.08
TP 1 1000PIPS
TP 2 5600PIPS
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buy usdzarprice bounced off the daily trendline ,a buy is in order if conditions specified on the chart are met
USDZAR Still SHORT but Watch Out Trendchange LONG to comeHello to all watching my charts.
Here in USDZAR we have a nice chance
to get a look at a trend change to long.
The pair is still SHORT
(in my blue longtime shortchannel)
but has been made a nice Long try in the
shortterm green channel as well and now:
Watch out
1. the red marked line and
2. the blue resistance line in the range 14.68
Both lines have to be skipped and than
we have a nice Long.
Please check that and have an eye on it.
If you want to know more about my trading style
send my a mail.
Good trades
Renkotrade
