Posts Tagged ‘USD/ZAR’

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USD/ZAR Forecast — January 13th 2021

In this video, the Trader Guy looks at the currency pairs USD/ZAR for the  January 13th session. USD/ZAR — The pair pulled back from the 15.50 level. To the downside, the 50-day EMA could be supportive. However, this market looks very bearish at the moment. So, you can sell rallies that show signs of exhaustion, and you can target these lows as the next target to the downside.

USD/ZAR Forecast — January 11th 2021

In this video, the Trader Guy looks at the currency pairs USD/ZAR for the  January 11th session. USD/ZAR — The pair initially rallied towards the 15.50 level on Friday and then pulled back a bit. A break above this level is seen as a major move to the upside. A break below the bottom of the candlestick from Friday, then it is seen as a hanging man. To the downside, the 14.50 level is seen as the target to the downside. To the upside, you […]

USD/ZAR Forecast — January 8th 2021

In this video, the Trader Guy looks at the currency pairs USD/ZAR for the  January 8th session. USD/ZAR — The pair rallied towards the 15.50 level on Thursday session. However, this market is being influenced by the coronavirus situation in South Africa. Also, the stimulus and the risk-on trade will have a strong influence on this market. You need to wait for the release of the non-farm payroll figures from the US. A candle close above the 15.5 level […]

USD/ZAR Forecast — January 6th 2021

In this video, the Trader Guy looks at the currency pairs USD/ZAR for the  January 6th session. USD/ZAR — The US dollar rallied significantly against the rand on Tuesday session. The 15.00 level is being tested for resistance and looks psychologically significant. However, rallies are likely to be capped, and you can sell on first signs of exhaustion. Only a candle close above the 200-day EMA can be considered as a trend change.

USD/ZAR Forecast — December 31st 2020

In this video, the Trader Guy looks at the USD/ZAR pair for the December 31st session. USD/ZAR — The trading session was slightly bearish on Wednesday. The 14.50 level looks supportive. Hence, you can expect a short-term bounce from here. But bounces are likely to be capped at higher levels and you can sell exhaustion at the moment. To the upside, the first resistance comes at the 50-day EMA and the next major resistance comes at this major […]

AUD/USD and USD/ZAR Forecast — December 29th 2020

In this video, the Trader Guy looks at the currency pairs AUD/USD and USD/ZAR for the  December 29th session. AUD/USD — The Aussie pulled back towards the 0.7500 level on Monday session trying to establish support. The 50-day EMA below is supportive. Volume is going to be an issue due to the holiday season at the moment. USD/ZAR — You could see a short-term rally in this market. However, rallies are going to be likely […]

USD/ZAR and USD/BRL Forecast — December 24th 2020

In this video, the Trader Guy looks at the currency pairs USD/ZAR and USD/BRL for the  December 24th session. USD/ZAR — The trading session was bearish on Wednesday session to test the 14.50 level. A breakdown below this level is very bearish. Also, the 15.00 level above is seen as a massive psychological barrier. The US dollar is losing ground against most currencies. The South African rand is a commodity currency and it […]

USD/ZAR Forecast — December 17th 2020

In this video, the Trader Guy looks at the USD/ZAR pair for the December 17th session. USD/ZAR — The dollar initially rallied during the session on Thursday, but then rolled over. This market continues to experience selling pressure. Positive headlines on stimulus talks in the US will see this pair fall down. The 14.0 0 level will be your target to the downside. The 50-day EMA will likely cap rallies and rallies are […]

USD/ZAR Forecast — October 7th 2020

In this video, the Trader Guy looks at the USD/ZAR pair for the October 7th session. USD/ZAR — Last week's trading session saw the formation of a hammer candlestick followed by a shooting star. Now, the market is testing the top of this shooting star candlestick. A break above the recent highs is reason enough to buy and the next target is 17.20. At the moment, the market has been consolidating within this range, as you can see […]

USD/ZAR Forecast — September 18th 2020

In this video, the Trader Guy looks at the USD/ZAR pair for the September 11th session. USD/ZAR — The market broke below the 16.50 level and retested it for resistance. However, it failed to break above, and ended up forming an inverted hammer candlestick. This looks like a trigger for a major move to the downside, targeting the 15.75 level. A break above the 200-day EMA is very bullish and a break above 17.00 is seen as a trend change. […]

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