USD/ZAR Analysis| Where And When Will It Fall?

9 Eki 2023

Hey Traders,

The USDZAR has risen in value for a significant period of time.

Which begs the question, why and where to get short?

Many traders (including high volume/institutions) will be looking for high prices to short as you have seen various other times.

Here's my TA.

9 Eki 2023

Not

Looking short on rises towards highs (prev short zones)

10 Eki 2023

Not

Exit any shorts, no longs yet.

11 Eki 2023

Not

Re shorts still only on pushes back to highs.

12 Eki 2023

Not

Any shorts, exit at W Support.

13 Eki 2023

Not

Out of shorts, minor longs applicable.

15 Eki 2023

Not

Any pushes up exit longs and change to short bias.

18 Eki 2023

Not

Holding light entries^

19 Eki 2023

Not

Exit longs, flip light short.

20 Eki 2023

Not

Holding shorts alike other pairs.

21 Eki 2023

Not

Avoid longing other us pairs and shorting this one.

24 Eki 2023

Not

Out of all trades, re shorts much higher.

27 Eki 2023

Not

Still holding bias, shorts only 19.38

1 Kas 2023

Not

Hands off approach.

3 Kas 2023

Not

Let it go. Hands off.

17 Kas 2023

Not

Only minor longs or further risk averse entries lower.