Exotics (USD/TRY, USD/ZAR, USD/MXN, and others) | Page 107 | Forex Factory

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Attachments: Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)
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Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)

  • #2,121
  • Mar 31, 2019 2:03pm Mar 31, 2019 2:03pm
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  • #2,122
  • Mar 31, 2019 2:07pm Mar 31, 2019 2:07pm
According to the monthly stochastic calcs, usdZAR needs to come down before going back up. Doesn't mean she'll tank, but there will probably be a fight before she comes back up. News is too delayed to watch for a catalyst. Need to have a sure-fire technical trade setup.

Or trade a range if it shows.
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  • #2,123
  • Mar 31, 2019 2:09pm Mar 31, 2019 2:09pm
https://www.forbes.com/sites/tobysha.../#e5735624850c


SA: 95m to Grow Small Biz
  • #2,124
  • Mar 31, 2019 2:31pm Mar 31, 2019 2:31pm
TRY
ZAR
MXN
Euro Area
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  • #2,125
  • Mar 31, 2019 3:11pm Mar 31, 2019 3:11pm
Some analysts would say that the uncertainty in the US and Eurozone has led to investors seeking buying opportunities in emerging markets - however I doubt that is the case, most likely the bigger banks looking to wipe speculators off their long positions on the USDZAR. Like you said, it really is difficult to find any meaningful fundamentals to justify ZAR strength at the moment.
  • #2,126
  • Mar 31, 2019 9:18pm Mar 31, 2019 9:18pm
Quoting MrTurtle
Some analysts would say that the uncertainty in the US and Eurozone has led to investors seeking buying opportunities in emerging markets - however I doubt that is the case, most likely the bigger banks looking to wipe speculators off their long positions on the USDZAR. Like you said, it really is difficult to find any meaningful fundamentals to justify ZAR strength at the moment.


Well spoken, sir.
  • #2,127
  • Apr 2, 2019 3:53pm Apr 2, 2019 3:53pm
Asian session
---
usdtry
usdzar
usdmxn
eurzone

Times listed are utc-5 cst (chicago)
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  • #2,128
  • Apr 3, 2019 4:59am Apr 3, 2019 4:59am
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  • #2,129
  • Apr 3, 2019 6:56am Apr 3, 2019 6:56am
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  • #2,130
  • Apr 3, 2019 7:10am Apr 3, 2019 7:10am
Quoting 2dollardog
{image}
nothing will be changed after recount
  • #2,131
  • Apr 4, 2019 12:27pm Apr 4, 2019 12:27pm
I have a question. The ZAR goes to 14.10 when $ at it's low for the day. $ goes up, ZAR goes to 14.18. $ drops 5 points and ZAR drops to 14.10 again and can't get anywhere? why? Am i missing something or is the ZAR as slow as the South African economy.
  • #2,132
  • Apr 4, 2019 10:04pm Apr 4, 2019 10:04pm
Quoting Willer
I have a question. The ZAR goes to 14.10 when $ at it's low for the day. $ goes up, ZAR goes to 14.18. $ drops 5 points and ZAR drops to 14.10 again and can't get anywhere? why? Am i missing something or is the ZAR as slow as the South African economy.

That happened because of the time of day during the US session. Your posts says 9 hours ago, that would have been only a few hours prior to NY close. I noticed price movement dwindled after noon est up until NY session close.

Yes. I was watching and it was frustrating. Addition: Tomorrow is Major US data release. Usually, the dollar stalls prior to this type of a release which accounts for the lack of momentum in the market.
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  • #2,133
  • Apr 4, 2019 10:09pm Apr 4, 2019 10:09pm
TRY
ZAR
Euro area
Attached Image


EUR data releases are stacked. Volume will be low and stacked new releases prior to NFP tomorrow means a good night's sleep. Will take it up during NY session following data releases.
Times listed are UTC-5 Chicago CST
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  • #2,134
  • Apr 5, 2019 9:05am Apr 5, 2019 9:05am
Quoting 2dollardog
{quote} That happened because of the time of day during the US session. Your posts says 9 hours ago, that would have been only a few hours prior to NY close. I noticed price movement dwindled after noon est up until NY session close. Yes. I was watching and it was frustrating. Addition: Tomorrow is Major US data release. Usually, the dollar stalls prior to this type of a release which accounts for the lack of momentum in the market. {image}
You say "frustrating".....I had some other words and my kids are still in shock. Once again it's doing the same but knowing the ZAR it's going to play catch up soon. Just sitting patiently waiting
  • #2,135
  • Apr 5, 2019 9:08am Apr 5, 2019 9:08am
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Should be at atleast 14.40
  • #2,136
  • Apr 5, 2019 4:30pm Apr 5, 2019 4:30pm
Quoting Willer
{quote} You say "frustrating".....I had some other words and my kids are still in shock. Once again it's doing the same but knowing the ZAR it's going to play catch up soon. Just sitting patiently waiting
Yah, many of us have been waiting for it. I've been chewed up in this market recently. It almost always happens when the dollar isn't clear, when its direction is getting ready to change. I think its' important to learn when I should stay out of the market almost more important than when to trade. Something I'm still learning. My future gains will bring me back, but I tire of it.
  • #2,137
  • Apr 5, 2019 4:41pm Apr 5, 2019 4:41pm
Technically, here's the issue with usdZAR

Monthly: Down
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Weekly: Down
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Daily and below: Ready to come up.

So it would seem the monthly and weekly traders are bent on selling this bad boy and this pair is traded by millionsaires. I gotta wait. I'm originally a scalper, so this is new to me and I shant forget it. Sometimes something will cause it to swing with the dollar, maybe it's because there's a fundamental in play, but when the stochastics are not in confluence, its a risk.

That being said I read the stochastics well and I guarantee you there is some big money using them on every time frame. Just FYI
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  • #2,138
  • Apr 9, 2019 6:42am Apr 9, 2019 6:42am
#USDZAR / Daily & H4
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  • #2,139
  • Apr 9, 2019 6:32pm Apr 9, 2019 6:32pm
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  • #2,140
  • Apr 10, 2019 10:50pm Apr 10, 2019 10:50pm
Quoting 2dollardog
Technically, here's the issue with usdZAR Monthly: Down {image} Weekly: Down {image} Daily and below: Ready to come up. So it would seem the monthly and weekly traders are bent on selling this bad boy and this pair is traded by millionsaires. I gotta wait. I'm originally a scalper, so this is new to me and I shant forget it. Sometimes something will cause it to swing with the dollar, maybe it's because there's a fundamental in play, but when the stochastics are not in confluence, its a risk. That being said I read the stochastics well and I guarantee...
Hi 2dollardog , Please send me ur arrow indicator , Thanks
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