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Usdzarlong

USD/ZAR Trade IdeaThis trade idea is for demonstration and educational purposes only. We see that price tested the $15 levels and above very recently this year; it has potential to reach these prices again, especially given the economic uncertainties in South Africa. As you can see, price retraced from the most recent bull run, it bounced off the 50% fib level (see yellow oval highlighted area) with an impulsive move. The two yellow ovals represent key levels in the market. The impulsive move leads me to believe that there are enough buyers in the market to push price back to at least $15.2 - $15.7 area as a first TP, with potential to reach 16.0 plus price. The areas highlighted in yellow are key areas for which we should watch price respond. As this is a swing trade idea, my stop loss was placed beneath the last swing low point. Again, I am a student of the markets, and the rand is very volitile. Please ensure trade at your own risk and always use proper risk management when trading.
Long
by mrsceleste
13
USDZAR BREAK ALERTIn this examination I see USD (US Dollar) pulling ZAR (S.A. Rand) up until the 13.6 stamp which is furthermore an indispensable pointy because I am expecting a break after a retracement for a few pips then we'll see whether it breaks or not. I really think it is well while in transit to break since it has been an outrageous get in South Africa to the degree TAX rates are concerned and earlier the petroleum increment one month from now (August 2018), which denotes the third increment in 5 weeks.
by sjukha2.0
The South African Rand - An African TeacupUSDZAR goes bullish towards the median line between the previous resistance and support (around the 13.00000 region) . Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards. Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and instead falls back down, completing the historical "teacup". See my previous USDZAR idea here:
Long
by Chris4XTrading