USDZAR Forex cross pair supply and demand analysis

The US dollar and Dollar Index DXY are strong, creating new demand levels in a clear trend. Many USD Forex Cross pairs and exotics pairs like USDZAR have a clear uptrend and bullish bias creating new weekly demand imbalances.

USD ZAR high odds for longs

We don’t need complex Forex trading strategies to locate price levels to trade on USD Forex cross pairs; we need to locate imbalances and strong impulses to accomplish something. USDZAR Forex cross-pair is such a case. Having a new imbalance on the charts does not necessarily mean that price will retrace to it; often, the underlying asset will move in the expected direction without pulling back. This is the case right now on USDZAR Forex weekly timeframe, where the price has not been able to retrace to a strong imbalance located around 14.

As a Forex trading beginner, you want to avoid complexities; you want a clear view of where you can place your trades without having a PhD in economics or being glued to your computer all day long trying to scratch some money out of nowhere. Forex trading for beginners should not be difficult if you eliminate all the noise.

We could see USDZAR dropping soon if Dollar Index DXY starts reacting to the strong, very big timeframe supply level that has gained control and new supply zones are created on USDZAR Forex cross pair

USDZAR chart analysis on clear uptrend

If you are a newbie in Forex trading and want to learn how to trade Forex without indicators on your charts if you want to learn how to trade without paying attention to the news events, feel free to join our Forex trading course.

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances is ideal for beginners and those with a full or half-time job. You won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.