Posts Tagged ‘USD/ZAR’

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USD/ZAR Forecast — November 29th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the November 29th session. USD/ZAR — The market tried to rally on Thursday session. However, the volume was an issue due to the Thanksgiving Day in the US. This gap was filled recently and the market fell down. The market has rallied so far due to the likelihood of rating agencies to downgrade the debt in South Africa. However, the market already knew about it and priced it in. […]

USD/ZAR Forecast — November 18th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the November 18th session. USD/ZAR — In the previous videos, it was mentioned that a break down below the gap, the market will see much lower prices. This is what has exactly happened now. And even the market came up to retest this broken level for resistance. The 1.4.50 level looks supportive. A break down below this level is bearish […]

USD/ZAR Forecast — November 4th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the November 4th session. USD/ZAR — The market formed a shooting star candlestick on Friday session, as you can see on the daily chart. The market was dominated by the risk-on sentiment as the jobs number came out of the US and the actions of the Fed,. You can see the market forming a descending triangle pattern. A breakout to the downside leads the market towards the 13.50 level. However, a breakout to the upside, looks […]

USD/ZAR Forecast — October 18th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the October 18th session. USD/ZAR — The Thursday session saw the market to pull back a bit. However, this market is highly influenced by risk appetite in the market. The 14.50 level below and the 200-day EMA look supportive to the downside. So, you can buy dips at the moment. You can make an argument for a rising wedge pattern. A break below the 61.8% Fib retracement level […]

USD/ZAR Forecast — September 17th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the September 5th session. USD/ZAR — The market opened this week gapping higher. It makes sense that the market is influenced by the headlines related to drone attacks on oil facilities in Saudi Arabia. This is seen as a risk-on, risk-off pair. To the downside, the 14.50 level, the 61.8% Fibonacci retracement, and the 200-day EMA look supportive. A break above the top of the candlestick from last […]

USD/ZAR Forecast — September 5th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the September 5th session. USD/ZAR — The market on Wednesday session fell very strongly breaking through the 50-day EMA to the downside. It can been seen as a negative sentiment for the greenback on Wednesday and nothing else. However, the pound saw strong buying after the British MPs voted to stop no-deal Brexit. The 61.8% Fib retracement level is below, which comes at the 14.50 level, […]

USD/ZAR Forecast — August 12th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the August 12th session. USD/ZAR — Once again the market rallied on Friday session, breaking above the top of this shooting star candlestick on the daily chart. As this market looks very bullish, pullbacks are seen as buying opportunities. The reason behind this move is the flow of investments away from the emerging economies. A break below the 15.00 level is bearish and the 14.00 […]

USD/ZAR Forecast — August 5th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the August 5th session. USD/ZAR — The market initially fell on Friday session, but the dollar gained strength, and the pair rose to the upside. This market is dominated by the risk-off sentiment at the moment. It is better to buy pullbacks as the 14.00 level and the 14.25 level look supportive. To the upside, the 15.00 level is the target. This is due to the flow of investments into treasuries from […]

USD/ZAR Forecast — July 29th 2019

In this video, the Trader Guy looks at the USD/ZAR pair for the July 29th session. USD/ZAR — The USD/ZAR pair rallied catching the investors by surprise. This is due to the anti-emerging market sentiment. The 14.00 level below looks supportive. So, you should view short-term pullbacks as buying opportunities. To the upside, the 15.00 level is the target. The rate cut by the Fed looks likely. However, it will not impact much on this market.

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. […]

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