USDZAR LONGThe long term outlook remains bearish. In the short term we are seeing signs of a bullish correction targeting 18 levels. On the 4hr we have a CHOCH and BOS confirming the bullish correction.
Usdzarlong
UszarUsdzar has been bullish for sometime, previous analysis can be found on my profile.
Perfect entry has been activated, will allow this to play out to TP and two
South African Rand looking horrid target to R18.40Falling Wedge formed on USD/ZAR
7>21>200 -BUllish
RSI >50
With the Jobs data coming out much better than expected, and with the rising interest rates - this seems to have a positive effect on the US dollar as investors are putting their money in it.
The economy is clearly booming and earnings are coming out better than expected.
My first target for the USD/ZAR is R18.40
USDZAR top-down analysisHello 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 SHORTPrice is at the support zone , and want to see price act on it and go bullish to the previous support that turn resistance @17.3800, or get higher to the 17.5200 zone then price might reject at that zone and sell to 17.05800 zone, but the zone I expect price to likely reject is the 17.3800 zone.
USDZAR LONGPrice broke the support zone on 23RD of November and used same zone as a resistant zone which ended up forming a double bottom, and price went on to break the zone and formed the December highs which came back and gave a false breakout. My expectation for this pair is to test the support zone which will boost it's momentum to the highs of December, price analysis will be updated during the week.
USDZAR TRADE IDEA (12/12/22) : MON/WEEKUSDZAR has been selling for most of last week, closing out with a buy action. Once it hits market structure it’ll look to buy to supply.
This is just an idea.
South African Rand in no mans land but can strengthen soonIt's been an interesting development with the USDZAR.
Since it broke out of April's uptrend, the price is now retesting the resistance (which was support).
I suspect that the price will be oscillating between the range of 17.63 and 16.91 in a box formation for a few weeks.
Only if the price breaks above or below, will we get some sign of where the rand is going.
For instance, if it breaks below, it would have formed an Inverse Cup and Handle showing major downside for the USD to come (which we can hope for).
If the price breaks out, the fakeout will spook the bears and the price will run up to ATH...
I'm bearish overall, but only time will tell.
The rand falling as unfortunately expected Since the breakout of the Cup and Handle formation, the rand has just been falling against the US Dollar.
The target remains and I'll keep you posted on the process.
I still hope I'm wrong!
USDZAR Looking horrible STILLThank you for the request
USD/ZAR as previously done the currency pair broke up and out of a Cup and Handle formation and is currently retracing back. However, as long as the uptrend line is still intact the analysis shows bearishness for the rand. Target is still R21.00
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USDZAR top-down analysis, UPDATEDHello 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 Longer term target $1/ZAR18Inverted head and shoulders with a neckline test.
Longer term price target for USDZAR is ZAR18 to the $.
USDCAD and USDZAR top-down analysisHello 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 bullish price action to continue the week of 05 Sep 2022This pair has had a very nice bullish run since Apr. The bulls have broken above the s/r area around 17.150 and I am looking for a pullback to this area and evidence of bullish continuation.
If this happens, the first target would be the 17.685 area with the potential for continuation much higher. Even with a generous stop, we can have a +3.5R trade.
Always use sound money and risk management and stay patient in all your trades.
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USDZAR | RISING WEDGEUSDZAR has been trading in a rising wedge. Recently the wedge has been broken but horizontal support is holding the level.
We are expecting a breakdown if the horizontal level is broken and the target is around 16.9
Trade your levels accordingly.
USDZAR Multiple timeframe 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.
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USDZAR setting up for bullish move!!USDZAR has formed a very strong bullish price action on daily, weekly, and 4H. Price has just tested the weekly neckline and formed a weekly doji and daily bullish candle on daily 20EMA. It is highly likely that USDZAR will continue to rise from this zone to continue its uptrend.
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Watching for USDZAR to break resistanceThe USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell.
The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between 17.15 and 17.30. Breaking above this crucial area is needed to continue the rally, However, this may be increasingly unlikely as the daily candle wicks are now rejecting at 17.15.
The MFI indicator, which is a technical oscillator similar to RSI but uses price and volume in identifying the oversold and overbought conditions in an asset, shows that this crucial area was indeed a strong rejection zone, as highlighted in yellow. The MFI indicator is currently facing the mid-point of the indicator. Therefore, the USD/ZAR’s supply line at 17.15 may not be enough to suppress further upside.
Looking at the current price action, if the price fails to break above 17.15 and 17.30, and emphatically rejects at these supply zones, look for the price to potentially move to the downside and encounter the 16.20 demand zone once again. It will be interesting to see how investor sentiment (and the associated demand zone) holds up in the face of an emphatic downside break
A further break below that zone may induce a possible trend switch to the downside in a short-term period. However, we could also see consolidation between these supply and demand zones.
USDZAR POSSIBLE SELL SETUPUSDZAR POSSIBLE SELL SETUP, After the rally, we are waiting for a retracement to occur
USDZAR BUY | SMALL RISK HUGE REWARD | INSTITUTIONAL**Risk-to-Reward** 1:15
Buy USDZAR @ 16.71524
Stop Loss: 16.66264
Take Profit: 17.50500
Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading
***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.***
I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters.
***Correlates With USDZAR***
USDZAR | BIG TARGETSUSDZAR has given a breakout from a bullish continuation pattern of cup-n-handle. The price since breaking gave a parabolic move and is expected to move more upside.
Alternatively, breaking below the breakout area will be all over for the bulls.
Trade your levels accordingly.
USDZAR | FLAG BREAKOUTUSDZAR has given a breakout from a bullish flag. If the pattern sustains the target will be 17.012.
The chances of upside are positive as it has crossed the horizontal resistance and retesting it as well.
Trade your levels accordingly.
