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Patternsandstructure

Rand Pressured but Potential Recovery on the HorizonThe U.S. Dollar Index (DXY) strengthened to 97.80 following President Trump’s announcement of sweeping new trade tariffs, including a 35% levy on Canadian imports set to begin August 1, and additional blanket duties on several other nations. This added to bullish dollar sentiment already supported by yesterday’s labour market data showing a seven-week low in U.S. unemployment claims. With no immediate pressure on the Federal Reserve to cut interest rates, the greenback remains the currency of choice for risk-off flows. This renewed strength is placing emerging market currencies under strain, particularly the South African rand. USD/ZAR climbed sharply, touching the 17.80 handle as investors reacted to the potential for South Africa to be included in the next wave of U.S. tariffs, possibly as high as 40%. However, local fundamentals suggest a possible reversal. Recent South African manufacturing data beat expectations, and diplomatic engagements between President Cyril Ramaphosa and U.S. officials are providing a counterweight to the tariff headlines. Technical View (USD/ZAR): The currency pair is currently range-bound in a sideways channel. A breakout above resistance at 18.05 would likely extend dollar gains, while a move below 17.60 could open the door to a short-term rand recovery. Traders should be cautious and watch for clear directional confirmation.
by FDGCapital
XRP/USDT — Structure-Driven Strategy (1H Chart)Just price, structure, and volume — tracked in real time. 🧠 Chart Breakdown: ✅ Reversal Buy — Price flushed, then snapped back into the range with follow-through. That became the base structure for everything that followed. ⛔ Top Exhaustion / Rejection — Clean reversal after a strong rally. Volume dropped off, candles showed hesitation, and sellers stepped in. ⚠️ Small Rejection Mid-Range — Structure failed to push higher. This area marked a trap — no volume confirmation, no continuation. 🚨 Major Breakdown & Recovery Setup — Price dropped hard but reclaimed key levels quickly. The recovery candle and volume spike were the first clues buyers were stepping in again. 👀 Current Watch Point — Price is now pressing back into that same resistance zone. The structure here is everything — a clean reclaim could mean trend continuation. But hesitation again? Fade it. Always happy to be helpful.
by tradingqueen1980
PEPE Deep dive before pumping? To what price?CRYPTOCAP:PEPE Script: A potential deep dive might be on the horizon before the next pump. Right now, it’s forming a structure that looks a lot like the pattern we saw from March to May, which I’ve marked as points 1 to 7. Both of these structures showed up after breaking out from the near-end of a symmetrical triangle. Currently, we’re sitting at point 6. Using Fibonacci retracement, we can estimate how deep the dip might go. Last time, it reached Fib 1.618. If history repeats itself, PEPE could pull back to around 0.00009485. This potential drawback would also break the uptrend line, which could shake market confidence and flush out weaker hands—perfect for accumulating liquidity to fuel a future price surge. I’ve already set a buy order at this level, just in case this scenario plays out. Of course, this is just one potential script among many. I’ll share more as they unfold. Follow me for more insights and updates! 😊
CRYPTO:PEPEUSD
by Harold_123
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