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.

Related Post


Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Get Free Trade Ideas

Don’t miss out on the next big trade. Subscribe to our Newsletter.