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Usdzarshort

USDZAR Upcoming Swing ShortAnalysis done on the weekly timeframe. As you can see, USDZAR is in a clear downtrend. I expect price to come up closer to the trendline before ultimately heading down again. I have identified several key support and resistance levels from the weekly TF also. This is just my analysis, i've never actually traded any exotic pairs. If anyone has any advice or tips for exotics, specifically UZ, i would appreciate it if you could comment them. Only reason i even ended up checking it out was because i read an article on Bloomberg about SA struggling with covid vaccines, so i figured this could be a good opportunity to swing. I may take a short on a small lotsize once price comes up to an ideal entry.
Short
by darbova
1
ZAR strength not necessarily overMedium-term bullish trend still seems to be intact for the USDZAR, after its recent weaknesses (strength in the US Dollar). It currently finds itself back at the 50-day Moving Average (EMA), with a break and close below R14.07, bringing back the strong support level at R13.95. This is a strong support level, with a break lower, most probably bringing back R13.50 (short-term target). Should we however see further weakness, with a break above the bullish trendline at R14.30, could see the USDZAR only find resistance again at the 200-day EMA at R14.86. For now, I still believe that the Rand is in oversold territory, which is confirmed by its 14-day RSI.
Short
by SchalkLouw
4
USD / ZAR * TECHNICAL BREAKDOWN SWING IDEA STRUCTURE & PRICE ACTHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR. * LOOKING AT THE DOLLAR ZAR FROM HIGHER T/F LOOKING FOR DIRECTION, STUCTURE & SENTIMENT WE SEE THE PAIR HAS BEEN TRADING IN AN ASCENDING CHANNEL RESPECTING STRUCTURE TO AN EXTEND. * POSSIBLE SCENARIO 1 - WE COULD SEE A BREAK BELOW / FAKE OUT TESITING SUPPORT LEVEL 11.53256, OR SCENARIO 2 - STRUCTURE WILL HOLD AND WE'LL SEE THE DOLLAR REGAIN STRGHTH AGAINST ZAR. ONLY TIME WILL TELL * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
by PULEMokhothu
USDZAR 14.72176 + 0.1% MONTHLY FORECAST PRICE ACTION & TECHNICLHEY EVERYONE Hope you guys are having a good one the chart are playing along, Here's a look at the DOLLAR / ZAR just a predictive young forcaust looking from a higher time-frame trying to figure the strength of the RAND in the near future when we take a close look we see that the pair is trading in a ascending channel just on a pretty large scale respecting structure aside from that fake out that spiked out of the ascending channel but otherwise the pair has respected structure now the RAND has had massive gains against the DOLLAR due to a number of factors showing strong momentum to the down side. of-cause we would expect some correction in the near future but will we see a break below of the descending channel structure and see the Rand gain some strength targeting the R13.000 MARK Pushing it R12.0000 this year against the dollar, i believe this is highly possible but lets let the market tell its story and only time will tell. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
by PULEMokhothu
3
USDZAR 14.842247 - 0.2% SHORT IDEA * BREAKOUT & CONTINUATIONHello everyone Here's a look at the DOLLAR / ZAR from the 4H chart, hope you are good have a splendid week. Can we continue to see ZAR gain strength against the DOLLAR in the coming weeks highly possible now we have a significant support level 14.16190 looking for a break of this level targeting FIB EXT -61.8 so on this one looking for continuation with the bears even if structure holds and we see a retest of the roof of the descending channel unless we start to see momentum shift and a break above of the structure looking for moves with the bears. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it. HAVE A GOOD ONE!
Short
by PULEMokhothu