Trading Ideas
Sat, 18 May 2019 02:12:48 -0500
#BRICS currencies movement for the Week - 17 May 2019
Sat, 18 May 2019 01:22:52 -0500
The $ZAR is a bit weaker this week, mainly due to US Dollar strength. Out of all the BRICS countries, the Brazilian Real took the hardest knock, with the Russian Ruble bucking the trend by ending the week in the green. #BRICS currency/USD movements for this week: Brazil -3.5% Russia +0.6% India -0.4% China +1.3% South Africa -1.8% Euro/USD -0.7% Technically, since the beginning of 2019, the USDZAR developed a nice little parallel channel . Even with this week’s weakness, the $ZAR still find itself near the bottom of the support channel. Should the support break, we could see the Rand looking for the next support level around R13.85. Should this support break as well, could see us back to January’s R13.25 levels. If the current support hold, a consolidation around R14.50 seems likely.
USD/ZAR 4H Technical review
Fri, 17 May 2019 12:13:51 -0500
we can short usdzar on 4H chart when harmonic pattern complete . thargets and stop lose on chart . his is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck >>
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Fri, 17 May 2019 09:52:42 -0500
Fri, 17 May 2019 05:44:11 -0500
USDZAR Showed a nice double bottom and then break of trend line, now we wait for a pullback before going long. Let me know what you think.
South African Rand sets to gain value for the remainder of 2019.
Fri, 17 May 2019 04:59:43 -0500
Technically the USDZAR pair shows potential gain in value for the South African rand, the chart can be see on the this link: Fundamantally, the South African presidency under Cyril Ramaphosa is commitment to achieving inclusive growth to boost the economy through bringing of international investors.
USDZAR - Trendline broken
Thu, 16 May 2019 10:37:46 -0500
Short-term trendline looks it has been surpassed and price is starting to approach next area marked in red.
Thu, 16 May 2019 10:31:55 -0500
Break retest and short till the major area
Wed, 15 May 2019 20:07:46 -0500
Long USDZAR 4h
Wed, 15 May 2019 05:54:38 -0500
Market is beginning to achieve with HL and HHs, inital tgts 15.40 channel top, thereafter 15.67 prior high and 16.15 measured move. keep a tight stop at 14.12 to ensure good RR. Happy trading!
Wed, 15 May 2019 03:13:09 -0500
Usdzar created a higher lower with a pin bar at the 60% fib, therefore I am bullish on this pair
USDZAR Target Price 13.25122
Tue, 14 May 2019 18:13:38 -0500
USDZAR Broadening Wedge
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