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USDZAR

USDZAR Triple bottom buying opportunityAnyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time. Am I saying you should buy the USD?? No, I'm saying DYOR. Confidence level 8/10 Please like and comment your thoughts. Interested to know what you think about this idea. Goodluck!
Long
by BlacksmithShinobi
Time to fade the dollar move and long the South African rand Risk markets were a bloodbath this week. Explosive moves in the RV yield curve space caused ripple effects across a variety of asset classes. The US equity market was significantly affected, albeit only 2.5% from SPY ATHs. That said, there were some vicious sector rotations with momentum (TSLA,AAPL) really underperforming. EM took the brunt of this hit too, with the rand down over 4% on the 25th Feb. Today we come into a setup where the rand fell further and is now starting to rebound, in line with broad equity risk and a potential short-term top in yields. I'm entering long zar against the USD, targeting the 10day EMA at around 14.77. I will take 4/5 of the trade-off there and let the rest run.
Short
by MT-Macro
USDZAR testing the structure 🦐ON the 4chart USDZAR is moving over an ascending trendline. The market hit and got rejected by a resistance level and now testing the support area. According to Plancton's strategy if the price will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
Emerging market FX to fall another 4-5% - Morgan StanleyIn other words, they expect a stronger dollar narrative to prevail. The firm is downgrading their view on emerging market (EM) FX for the second time in two weeks, expecting another 4-5% drop given the current market landscape. The MSCI EM currency index fell by 0.7% at the lows today and was poised for its biggest daily drop since March last year, only to recover a little upon testing the key support. That highlights the dollar's standing right now in the market and how vulnerable other currencies, including EM currencies, are to the recent resurgence in the greenback. Now, from a technical analysis, wait for the price to form a continuation pattern and watch strong price action for buy.
by thunderpips
1
ZAR Going to Melt - USDZAR Swing LongsPrice has given a reaction off of the key monthly level that has been refined. Looking at South Africa, we can really see the devaluation of the ZAR coming. Additionally, this structure is looking gorgeous for upside. We have a bunch of liquidity to target at around the 17.5 - 18.0 level, which majority of the positions will be shed; however, I'll be holding for $20. I will scale in longs until we hit the EQB level at 16.85. After that, I will hold until we hit our swing target. This will likely be a very quick impulse, so we're going to try and scale in as early as we can! Missed some opps already, but will keep on top of it now. Cheers, Matt
Long
by liquiditytrading
USDZAR 14.93870 + 0.05 % LONG IDEA * STRUCTURE & PRICE ACTION Good day everyone Hope everyone is having a good week in the markets and a beautiful day ahead. Here's a look at the USDZAR from the 4H chart * The pair is currently trading in a Symmetrical triangles which occur when a security's price is consolidating * The pair has touched the roof of structure twice and saw a rejection acting as a resistance level. * The symmetrical structure pattern has been respected, looking for a break above o structure to signal continuation with the bulls *^ A break below of structure changes The trading plan. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
4
USDZAR 14.67900 + 0.57 % LONG IDEA * PRICE ACTION AND STRUCTURE Hey everyone Here's a look at the DOLLAR / ZAR from the 4H perspective Hope everyone is good and having yourselves a good weekend. * The pair has been ranging at the base of a descending channel even saw a break below of the structure. * This is until that impulse move with the bulls which saw a correction in the form of a bull flag. * Looking to see continuation with the bulls so basically looking for a break above of structure to see continuation with the bulls. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu