USDZAR 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
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
Price broke the strong support level turning it to a resistance level , we expect bearish movement after the retest is complete
USDZAR is gonna buy to sell. 19.00000/ 19.25500 is resistance level, having 18.75500 as support. Intraday analysis.
Price 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 possible Selling below the 18.58093 Stoploss 18.88937 Target 17.95973
USD ZAR upside move possible Buying above the 18.94314 Stoploss 18.73471 Target 19.36521
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 enter a buy trade
The USD/ZAR currency pair has been trading within a support and resistance channel, and recently it broke below the support line with a strong bearish candle. This presents a potentially favorable opportunity to initiate a sell trade with a small risk and the potential for significant rewards.
USD ZAR upside move possible Buying above the 18.08283 Stoploss 17.70314 Target 19.07090 Target 19.71788
USDZAR Buy Trade opportunity Currently, it changed the trend from Beaish to Bulish, and it recently breakout the short-term resistance line its a good opportunity to take a buy trade here with the target next resistance
USDZAR has retraced back to 18.00 price, we are looking forward to see bearish movement as we have reached our resistance zone. Use proper risk management. Lets Download Success.
Correlation of these three currencies (USDZAR, USDCHF and USDJPY) concludes my trading for the day before NFP, South Africa time. Rising wedges all the way. I am looking for XAUUSD and GBPUSD to go long during the NFP. I have orders in both of them.
USDZAR has been on a bullish trend for some time, bears are trying to take over. Lets Download Success .
USDZAR price action, all stop losses above the resistance zone. Wish you all the best. Lets Download Success
-USDZAR Weekly Chart. -T&C's: Trading leveraged products such CFDs on forex and derivatives may not be suitable for all investors as they carry a high level of risk to your invested capital. Please ensure that you fully understand the risks involved, taking into account your objectives, risk tolerance and level of experience, before deciding whether to trade the...