Usdzaranalysis
USDZAR NEXT POSSIBLE MOVEUSDZAR is already over sold and but there is more vision about sell as you can check in the weekly candle i will be retouch the 140.0000 but for medium term is should be retrace back their is a possiblaties as well.
entries should be applied if all the rules are applied.
do comment or Dm us
USDZAD LONG - PRICE HAS REACHED WEEKLY TREND LINE AND SUPPORT!Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the previous support, now turned resistance that we broke out of in early November.
USDZAR NEXT POSSIBLE MOVEThe ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of tax news, is a Bullish mix and it has to rebounce back . Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc..
USDZAR updateMorning Guys
We looking at another day of large movements.
Market currently consolidating after a big move upwards yesterday.
Might retest 15.3000 but dont miss out on the large bull-run upwards to R16 to R17.
Looking at making big profits here, going to have to watch this pair very closely.
USDZAR WEEKLYUSDZAR made 2 rebound @19.3000 nd @17.80000 and done by forming a possible H&S for now we are expecting price to break that purple zone and then it'll be falling towards @15.44000 level (if not , price will be rebounding with purple rectengle and rising towards @17.80000 thats a 30% potontial)
USDZAR 4HRS ANALYSISHello Traders, here is the 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.
USDZAR 4H PRICE ACTION, STRUCTURE CONTINUATION IDEA.Hey Everyone
Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle.
Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears.
A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair.
Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽