USDZAR D1 DROP FROM MPP TO MS2Looking for a drop from Monthly Pivot to Monthly S2 in JANShortby xtrader1Published 0
Usdzar weekly view Just a quick weekly structure to remind you where we at with the trend by Nkulu_xhamelaPublished 1
USDZAR LONGWeekly: - Bullish M - Impulse & Correction - IC that could hold up the price - Bullish Indicational Candle Daily: - Inv H&S Pattern - Fake-Out from the buying region 4H: - Waiting for DecelLongby LennardForexUpdated 3
USDZAR 13.9 ? GuessHi All, This is something I do for fun I am in no way experienced in trading I just enjoy watching the patterns come together. Enjoy , please be careful of trading crypto tons of propaganda around it I can see it looks lovely to purchase I think they are crashing the dollar and then will cause btc etc to also crash due to some or other drama. When the time comes , Apr 2024 We will buy BTC tons of itShortby gazza_herhUpdated 222
IntradayAnalaysis are based on Supply and Demand methodology and Price Action. Are we going to see bullish USD against SA Rand? No prediction just reactingLongby yalesutPublished 4
USDZAR 09/01/2023Monthly: -Price is reacting at the 50% level so we could see a reaction to the upside. -Impulse and correction pattern. Weekly: -Bullish M pattern. -IC. Daily: -Inverse H&S pattern. 4H: -Inverse H&s pattern. -OB.Longby HANSFXTRADERPublished 4
USDZAR possible drop to support level!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 enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.Shortby ForexWizard01Published 3
USDZAR CHANNEL BREAKUSDZAR has broken its current up channel and is now currently consolidating after testing structure. I see us in a abc at the moment Wave down to see in effect target on screen Shortby KaisMarketPublished 114
Daily USDZAR 50-day and 200-day MA squeezeThe DXY and the US 10-year yield fell sharply following Friday’s better than expected non-farm payrolls report for the month of December 2021 which saw the pair reject the 50-day MA at 17.30 as well as the blue 38.2% Fibo retracement level of 17.44. The dollar started this week on the back foot in the local session which has allowed the rand to test the psychological rate of 17.00. The pair is currently oscillating between its 200-day MA at 16.76 and the 50-day MA at 17.30 with no clear direction as of yet. As per my weekly timeframe idea (link in the description) a failed break below the support range between 16.80-16.86 could see the pair break above the 50-day MA and higher towards the blue 61.8% Fibo retracement rate of 17.87. A break below 16.80 will however allow the rand to pull the pair to the orange 50% Fibo retracement level of 16.36. In terms of technical indicators, the RSI is showing divergence which is rand negative and has me leaning towards a break above 17.30 over a break below 16.76. The MACD is currently holding an unconvincing buy signal so I’m not placing any significance on it at the moment. I’ll update the idea since I’m not giving any conclusive direction for the pair. by Goose96Published 0
USDZAR sell setupEqual touches from either sides(2 touches), will we get a 3rd touch on the low? Definitely.by SpaizThaGodPublished 0
USDZAR ( My Idea )UsdZar shaping nicely for downwards continuation next week for a swing trade. Shortby mowealth1Published 4
USDZARFX:USDZAR The Falling wedge pattern has fully formed. It has broken above and retested. I hope this is the actual bearish market win. The take profit could be 17.27636 - 17.32769 Longby ShupingctUpdated 224
Usdzar is short There's a lot that has been happening in my country in the previous years yerrr. I believe this 2023 onwards changes will occur. Let me wait and see if my predictions are accurate. Shortby ellcothleoma02Published 0
Perfect for range bounded traders - Long timeThe USD/ZAR remains in its sideways consolidation. It's perfect for Range Bounded traders. We can see the weakness in the rand came today where the start of Load Shedding Stage 4 has commenced. This isn't good for the confidence in the people and the economy. Also for foreign direct investments, this is unattractive to investors. Longby TimonrossoPublished 113
USDZAR Price Starts To RallyPrice has been trading bearish for a while now this is a potential corrective A-B-C Zig-Zag move. The wave (C) is a possible Ending Contracting Diagonal Pattern. The wave sure seems very short and may not be complete as of yet. We know from a Zig-Zag pattern that waves A and C are often equal so we do have to keep in mind that we could still possibly see a sell-off this would be a Leading Diagonal but not Ending, but for the most part, we definitely are bullish.Longby WeshareioPublished 331