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Usdzarlong

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
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
USDZAR 15.13150 + 0.09 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY 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 TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum on the 4h chart this.. - Looking for short entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. 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
Short
by PULEMokhothu
USDZAR OVERSOLD - LONG TERM TRADE[Fundamental insight: We are experiencing an influx of ‘endemic’, and Covid is on the verge of disappearing from the news. With record U.S. inflation, the market is not in hurry to buy USD toward March rate hike. We are still in the strong bullish bias on USD into March. With the tight labor market, no matter what, inflation will keep rising and will be rising even more as pandemics fades away. And the March hike rate has been confirmed by Jerome Powell. The key moment for the next week is FOMC. We suspect that the Fed will only re-iterate their previous stance with some wishy washy flavor like easing inflation, supply bottleneck, etc. This will not affecting their stance to hike on March. The setup: However, it is always possible that there will be further weakness for USD. This is why it is always important to start enter position lighty relative to your account. So it have capability to averaging in case that the trade not going into our favor immediately. If you are not comfortable or not experience on this kind of trade, it is better to stay away. This is more about broader view on USD, please do your own diligent to check entry based on your method or technical analysis. Do not forget that this is an exotic pair. Which mean, the pip value is there. and the big spread spike on some brokers is always possible. Remember to always trade safely. Cheers.
Long
by TradingCocktail
2
USD / ZAR 15.36988 +1.79 % LONG IDEA * CONTINUATION PATTERNHELLO 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 creating a double bottom as we enter a strong bullish rally. - Short term the pair has currently broken structure possibly signaling a strong bullish momentum on the 4h chart this. - There is a supply zone to look out for on the on the pair ahead which will serve as the target for this trade should the ENERGY continue upwards. - Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. 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
If RAND devalutes like Turkish Lira, how it may happen? You see the weekly USDZAR graph. Wait for confirmation of breakout on the pink line, then BUY. For long term, I always expect upside on suchexıtic currencies. If sth bad happens for RAND, like Turkish Lira, USDZAR may go up to 29 Target 1: The fair value by Robin Brooks of IIF is 17. It is the .618 Fibo level. Target#1 is 17 Target 2: ATH for USDZAR is 19,35. After breaking 17, It may take some long time to reach here. Target#2 is 19,35 Target 3: If the breaks ATH record, it may go to moon so quick. 23 (1.618 fibo) and 29 (2.618 fibo) are possible. Target#3 is 23 or 29
Long
by bilgeyts
2