Get started

USDZAR

USDZAR - Trend Change and Diversion in place - Swing Trade 📍 10+ years experience in markets 📍Professional Stock market and Forex trader 📍 Supply/Demand Zones 📍 Frequent updates 📍Covering FX / Gold Spot / NSE-BSE / DFM / ADX / US Stocks 📍Real time updates KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account ⏳ 1 day Chart analysis DM for more details - Tagged Long
Long
by FOLLOW_PIPS
USDZAD LONG - PRICE HAS REACHED WEEKLY TREND LINE AND SUPPORT!Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the previous support, now turned resistance that we broke out of in early November.
Long
by mikoaodu
USDZAR NEXT POSSIBLE MOVEThe ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of tax news, is a Bullish mix and it has to rebounce back . Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc..
Long
by TradingSwirls
Sasols big break still ahead ... A few more times will add to this analysis tomorrow, I'm also looking for just some stability but for now here is some of my charts. What I tried to show with the USOIL and USDZAR is that both of them benefits Sasol the higher they are. However the news of the vaccine shot up oil future and the markets overall. Along with the election and the Vaccine news 1) The rand strengthened to its best since Covid started, to the dollar , 2) The Oil future rose by almost 10% So we know and saw what the effect of people being uncertain has on some stocks and how even the slightest news can ease their concerns and we see stocks rocket like we did. As always the sellers were waiting for just their moment but looking at the chart the high sell off did not last very long and the number of shares shows to more institutional traders who took profit looking at DOM while the action was happening. Getting back to my chart of the US OIL and USDZAR, We see them diverge, normally people are more reactive on USDZAR value but it looks like others news have taken over for now. So we are sitting with a much better oil price than a while back, the USDZAR has already started moving in the other direction. If the Oil price could meet the USDZAR up higher as not only analysis but even looking over the last few days clearly shows is on its way again, then we are clear for a really new target. For those sad of todays or yesterdays losses...Relax some of us have been on the Sasol train for ages and markets. Remember that Moderna, Regenatron and many more vaccines will be announced over the next month or two, expect another breakout to happen more than once...just be ready at any second. I have personally set my take profit to R133 and stop loss to R79. Will update on the full charts tomorrow or as soon as possible. Tomorrow is quite important in seeing the short term to medium term trajectory. Rudi Roelofse
JSE:SOLLong
by rudiroelofse
6
USDZAR 15.38290 -1.22% LONG IDEA * PRICE ACTION & CONTINUATIONHEY EVERYONE Here's an idea on the DOLLAR / ZAR which broke out of the descending channel structure pushed down with the bears now looking for some correction of this move before continuation with the bears as the pair is overbought on most indicators. as always for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu