USDZARIndeed, forex is a game of patience. I will confident to start buying lower, if USDZAR drops lower we are getting inn. All the best, use proper risk management. Lets Download Success
About U.S. Dollar / South African Rand
The U.S. Dollar vs. the South African Rand. The Rand was and became legal tender in the late 50’s to early 60’s for South Africa, Swaziland, Lesotho and Namibia after moving away from the Pound. After the apartheid era sanctions the Rand experienced a great deal of volatility and depreciation.
USDZARUSDZAR potentially is giving us a swing bearish setup and i will be willing to go short at the break of structure VHT your mentor signing out
USD/ZARI'd be happy to see USDZAR touch 18.30. price level. All the best, risk management comes 1st. Lets Download Success
USDZAR LONG Price has reached a strong support level on a daily TF and now forming an inverse head and shoulder which is another reversal pattern hence we expect more bullish movement
USDZAR SHORTPrice broke the strong support level turning it to a resistance level , we expect bearish movement after the retest is complete
Ranging Market (OVerall Trend Bullish)USDZAR is gonna buy to sell. 19.00000/ 19.25500 is resistance level, having 18.75500 as support. Intraday analysis.
USDZAR SHORTPrice is forming a descending triangle pushing for the upside on a daily timeframe , price still has to complete the third touch on our support trend line hence we expecting price to push towards downside in the mean time
USD ZAR downside move possibleUSD ZAR downside move possible
Selling below the 18.58093
Stoploss 18.88937
Target 17.95973
USD ZAR upside move possibleUSD ZAR upside move possible
Buying above the 18.94314
Stoploss 18.73471
Target 19.36521
USD/ZAR Buy Trade Opportunity USD/ZAR has been experiencing an overall bullish trend and has recently made an attempt to retest the support area. If the market successfully forms a strong bullish candle on the support line, it could present an excellent trading opportunity with a favorable risk-reward ratio for those looking to
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