Posts Tagged ‘USD/ZAR’

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USD/ZAR Forecast — July 9th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the July 9th session. USD/ZAR — The market is hovering around the 200-day EMA. Looking at the long wicks of these candlesticks from the last few sessions, it indicates that the market is going to be choppy with a slight upward bias. Pay attention to the US stock market. If it rallies, then this market will rise to the upside towards 14.50. […]

USD/ZAR Forecast — July 2nd 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the July 2nd session. USD/MXN — The Monday session opened gapping lower. Also, the market went back and forth, and did not do anything serious. To the upside, the 19.50 level is resistance. To the downside, the 18.90 is support. This market is correlated with the Crude Oil. If Crude Oil rallies, then the peso will appreciate. However, this is seen […]

USD/ZAR Forecast — July 1st 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the July 1st session. USD/ZAR — Breaking below the 200-day EMA is a bearish sign. So, to the downside, the 14.00 level is the target. As you can see, there is a cluster here, and a break below this cluster is very bearish for this market. This downward move is due to Fed cutting the interest rate like many other central banks […]

USD/ZAR Forecast — June 11th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the June 11th session. USD/ZAR — The trading week began gapping lower, but then the market rose to fill the gap. You can see this three bar reversal pattern on the daily chart. This is due to the shift in the mood of the Federal Reserve regarding its monetary policy. Also, the 15.00 level is seen as psychologically significant resistance. The market is trading […]

USD/ZAR Forecast — June 7th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the June 6th session. USD/ZAR — The Thursday session saw the market to rise strongly and test for resistance at the 15.00 level. It looks like the greenback is appreciating in value against the rand. The market has broken above this symmetric triangle pattern and looks bullish at the moment. The investors are looking for the outcome of the jobs number from US. So, this is seen as a market […]

USD/ZAR Forecast — June 3rd 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the June 3rd session. USD/ZAR — The Friday session saw the market to rally slightly, but it failed. The sentiment was risk-off on Friday session. At the moment, gold is looking bullish. So, this market could find some support. This looks like a symmetric triangle pattern, as you can see on the daily chart. And the market is trading above this pattern. […]

USD/ZAR Forecast — May 21st 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the May 21st session. USD/ZAR — The Monday session did not see much in the way of action. The market is trading in the middle of a symmetric triangle. So, you can expect a lot of back and forth movement at the moment. A break above this triangle, then 14.75 is the target. A break below the bottom of the candlestick from Monday session and below this uptrend line, then […]

USD/ZAR Forecast — May 14th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the May 14th session. USD/ZAR — The Monday session saw this market to rally and this was seen as a risk-off move. This was due to investments flowing into treasury markets and away from emerging economies. As you can see, this is an inverse head and shoulders pattern on the daily chart. You can expect the market to break in either direction of this pattern. […]

USD/ZAR Forecast — May 7th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the May 7th session. USD/ZAR — The market is facing resistance at the 14.50 level. So, this market could pull back a bit and look for support. It looks like that market is attempting to form an inverted head and shoulders pattern. A break of the neckline here is a signal to buy. To the downside, the market could reach towards the 14.10 level. This market is […]

USD/ZAR Forecast — April 29th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the April 29th session. USD/ZAR — The Friday session from last week showed the market to pull back a bit as it is facing resistance at this key level. A break below the bottom of this candlestick is bearish and the market could make its way to the downside towards the 14.00 level, if the emerging markets show a risk-on sentiment. A break above the top of this […]

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