Usdzaranalysis
USDZAR NEW ANALYSIS !Hi Traders, here is the full Video Analysis / Breakdown for USDZAR.
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USDZAR Sell at 17.59000 SL 17.78500 TP 17.33000USDZAR we all know that it's another most volatility pair in Forex Market. AS we can see, the Dollar is trying to keep its Bullish momentum, but in our perspective, we believe before going further upside, we may see price retracement at this price 17.33000. We are going to short from 17.59000 with a stop loss of 17.78500, and the target zone is 17.33000.
PS: Before jump into this idea please do your own research first.
USDZAR NEXT TRADE SETUP
USDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1,w1 time frame.
Price broke key level at level 17.5000 Strong Resistance level thats the secondary supply with strong bullish movement and now at point 17.9999 and it can restest its near support at secondary supply at point 17.5000 .
and if it breaks the secondary supply support than its next target will be point area 16.5000 thats belong to the Monthly Resistance .
According to fundamently Usd is going to be strong more Todays and last week DXy and stocks are bullish and GOld is declining towars 1900.
if its break the W pattern and adopt the secondary supply towards sell zone so its going to Monthly Resistance
It's expected for the continuation of bullish movement to first target resistance level at 18.2000
then finally target supply zone at level 19.0000
All the Entries should be taken only if all the rules of entries are applied.
Comments
USDZAR NEXT TRADE SETUP ForcastUSDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1 time frame.
Price broke key level at level 16.7000 with strong bullish movement and now at point 17.3150
and it has to restest its near resistance at point 17.18000 and if it break that next support than its next target and adopot the point area 16.5000 thats belong to the Monthly Resistance .
According to fundamently Usd is going to be weak more Todays DXy and stocks are bearish and GOld is rising to peak.
if its break the W pattern and adopt the secondary supply zone so its going to Supply zone .
It's expected for the continuation of bearish movement to first target resistance level at 16.0000
then finally target supply zone at level 19.0000
All the Entries should be taken only if all the rules of entries are applied.
USD/ZAR SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you. As always we need to wait for a confirmation!
Sell-Limit: 16,60125
Stop-Loss: 16,72760
Take-Profit: 16,36770
Stop-Loss: 1263 (126,3)
Risk: 0,5 % -1%
Risk-Reward:1,80
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Irasor
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Short USDZAR - Gold bullish and USD uncertaintyWith gold looking bullish on the daily and broken past the previous resistance alongside the risk of a second wave of coronavirus in the USA. Investors/traders will be looking at the safe haven of gold to see through the storm. USDZAR having a strong correlation against gold should continue the sell off of USDZAR.
Worth noting that Coronavirus has spiked in SA aswelll which will add to the risk of this trade.
USDZAR Long or ShortGood day all.
Still learning so do not use this as trading signals.
ZAR is very unpredictable and sometimes more affected by Fundamentals rather than technical. We are in a down trend. But solid support as been established at 17.11. If we break through that we can go all the way down again.
On the upside we have resistance at 17.47. If the Bulls can push it past here we will shoot up to the moon
Please share your ideas with me, and give criticism on my chart. I will value your feedback.
Thanks