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USDZAR were in such a down trend for last couple of months, before stopping it from proceeding further decline in August 2nd week. Since that this pair was trying to counter back and post few green candles and form a bullish channel. However the steep decline happened till August 2nd week denotes that USD is very much weak towards ZAR. In that aspect after last week consecutive daily green candles, it may well be time to continue the bearish run again. In line with that please find the hourly ch…
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USDZAR showing current USD condition
USD used to be in see-saw situation everytime before the FOMC statement and the best pair to look for USDZAR now. Because it is in exact condition to choose either bullish or bearish. Please find the daily chart analysis. On 16th July, a bullish engulfing candle was formed but after that there is no sign of further bullishness and it is struggling below for long time. This is perfect situation to add further bearishness. Hence considering the FOMC, we can place the bullish order on blue line and…
USDZAR forming a doji at double top
USDZAR has a long bull run last week which beats the previous high and formed a double top. But, as FED's optimism over December lift posing lot of questions, USD might start finding sellers. Please find the daily chart analysis of USDZAR,
As shown in the chart, this pair is forming a doji just at the formation of double bottom which poses lot of questions over increasing sellers. If the price fall below the price range of doji, there is a high possibility that this pair may travel down faster!
As shown in the chart, this pair is forming a doji just at the formation of double bottom which poses lot of questions over increasing sellers. If the price fall below the price range of doji, there is a high possibility that this pair may travel down faster!
USDZAR is expected to retrace
USDZAR had an absolute spike since this year starting and now considering the FED's interest rate decision and economy slowdown, it is expected to retrace a little before beginning the bull move again. Please find the chart analysis,
Monthly chart:
- Since 2011, the bull has started it's run in nice range and in 2015 it was more than a bull but a spike.
- As chart shows a long downside red candle which is almost a doji, it is expected to be a sign of retracement. Because every bull move needs a …
Monthly chart:
- Since 2011, the bull has started it's run in nice range and in 2015 it was more than a bull but a spike.
- As chart shows a long downside red candle which is almost a doji, it is expected to be a sign of retracement. Because every bull move needs a …