Currency Pair : USDZAE Possible direction : Bearish Technical Analysis : Price has formed multiple liquidity grab on the 4h timeframe after an strong impulse from the resistance level. As long term trend is bearish, highly likely this price will continue to drop to support level Possible trade recommendation : Bearish as per chart sketch Press like button if you...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 (4h) has formed a very strong bearish price action after a rejection from the weekly resistance. Price currently has formed a strong head & shoulder on the 4H with a breakdown from the neckline. On the retest of the neckline, a sell trade is a high probability after rejection. Thank you for visiting the idea. Press the like button if you enjoy the content :)
Hello 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. Press like button if you enjoy this content 😊
USDZAR (4H) has formed a strong bearish engulfer on the 4H timeframe with a strong breakdown in the direction of the trend. Price action is showing a possibility of to drop in the weekly support from this zone. Thank you for visiting the idea, press like button if you find value in this analysis :)
USDZAR ( 4h) is moving along a downtrend after rejection from the monthly top. Currently, the price has just completed pullback and now creating a possible bearish engulfer which upon close, could create another selling opportunity! If you find value in this idea, press like button :)
Hello 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.
Hello 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.
Hello 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.
Currently on a short position but looking for a long position @ 12.70 this will take sometime to manifest but worth the wait as there's money selling to the awaited level. Have a great trading week & all the best on everything!!!
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...
based on charts patterns, and price action strategy, it is clear that by following the move, consistent profits can be made. good luck to all
The 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...
USDZAR short : All the entries should be applied if all the rules are applied.
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
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.
The days of gloom lie ahead for the South African economy. Very optimistic for a South African citizen right....? NAH! Let me begin with a disclaimer: firstly I am a proud South African citizen and secondly I'm a Market Technician by profession. My job as a Technical Analyst is to study financial instruments or charts using time tested principles to deduce an...
We will be looking for selling opportunity if price breaks the area of previous support now turned resistance. After the results of IRD, there is no doubt, that trend will continue. Pullbacks offer value.