USDZAR Pull-back in Summer but bullish end-of-yearThe USDZAR pair is replicating the previous Cycle of 2016-2019 and right now is at the final Accumulation Phase before the rally to a blow-off top. What the comparison suggests, based also on the 1W RSI (attention the price action is on the 1D time-frame though), is that we may soon see a pull-back towards roughly 15.100 to September and then a strong finish to the year above 17.000.
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Usdzarsignals
USDZAR Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
usdzar First time analyzing USD ZAR, but I think when the USD is involved I can trade it. Hope you look at the entry point first before entering. The rest is good, guys please check the news every time you enter because the news help us know what is really happening. Please do not forget to follow me and like my analysis.
USDZAR Looks Strong Bullish We have seen USDZAR price was falling like Skyfall the last couple of weeks, and all the Bear was enjoying the fall, but now it's Bull time. If you closely see the USDZAR daily time frame, it's already breakout the downtrend channel and creates a good reversal umbrella pattern. Right now, it consolidates the support level, which is good for me for further up. We are expecting to see the price once again 15.20000.
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 Trading PlanPattern: Channel Down on 1D.
Signal: (A) Bearish as long as the 1D MA50 (blue line) is intact, (B) Bullish if it breaks or the RSI enters the Buy Zone.
Target: (A) 15.500 (former Resistance and now Support), (B) 17.8850 (Symmetrical Resistance).
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USD/ZAR, we got a clear Breakout of the Range.USD/ZAR was very bearish for the past few weeks, but to be honest, this is a clear trend change in my opinion. We will be monitoring price action and if all the rules of our strategy will be satisfied we will be interested in taking a nice long, with good risk to reward and probabilities for a nice push to the upside.