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Usdzaranalysis

USDZAR – bullish PA expected .. the week of 06 June.The recent price action is corrective and within a channel structure. Many call this PA as a flag pattern (seen better on the H4 chart). Either way, price is now at support and I expect this 15.4240 region to hold. It has been tested a few times already and I am ready to take a long here. Additional factors in favor of a long are: the preceding trend was bullish and price is above the 200dma. Even with a generous stop we still have the potential to get 2.7R and these odds make it a worthwhile risk. Bear in mind however, the wide spreads and negative swap in going long on this pair. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Long
by Trading_Vista
LONG USDZARLONG USDZAR @ 14.67 TP @ 16 SL @ 14.40 We have seen the ZAR strengthening against the US dollar in the last few weeks. This was dude to rising global commodity prices helping SA's net exports. Another reason was that due to inflation and SARB entered an aggressive hiking cycle. However, I think this move is oversold. SA has many problems that they need to recover from before ZAR can continue to throw its weight around. On top of this, we have broken out of the downward channel, and cleared resistance at the 14.67 Fibbo lvl. I have therefore entered my trade at that lvl as I expect the pair to grind towards the 16 mark in the coming days and weeks. Good luck.
Long
by WhosPipsAreTheseAnyway
4
USDZAR LONG - Buy Entry - D1 ChartUSDZAR LONG - Buy Entry - D1 Chart Buy @ Market Symbol: USDZAR Timeframe: D1 Type: BUY Entry Price: Buy @ Market Resistance @ 16.13850 Resistance @ 15.42816 Pivot Point Yearly @ 15.21809 Resistance @ 14.97762 Support @ 14.51604 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ULong
by UnknownUnicorn35780991
UASZARThe ZAR has been a very strong currency over recent weeks, consistently moving higher against the USD which has itself been in a long-term bullish trend. The USD also rose against a basket of currencies last week but fell quite strongly against the ZAR as can be seen in the price chart below. Last week’s price action saw a close near the low of the week’s range, and it was the lowest weekly close made since September 2021. There are good reasons to look for a short trade here to exploit the bearish momentum, but bears should watch out for the potentially inflective low point at 14.3518 which might be supportive.
Short
by SmoothJB
USDZAR 14.96170 + 0.24 % LONG IDEA * REVERSAL PATTERNS,BREAKOUT HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the BASE of this structure ENTERING a range as we see momentum to the down side slow down somewhat. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this,the delay at this level might just be the signal that we might be changing direction towards the bulls.. - Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. LOOKING FOR A BREAKOUT ON LOWER TIME-FRAMES AND POSSIBLY SIGNS OF BULLISH MOMENTUM lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
1