Get started

USDZAR

Year-end USD/ZARMajor resistance for the USD/ZAR pair is expected at 17.27 and a break above this rate will see the forecast range between 17.32 – 17.48 realize year-end. A move into this range is less probable than the zone’s below the major resistance of 17.28. Red zone 1 is expected for August month-end. Red zone 2 is expected for September month-end. Red zone 3 is expected for October and November month-end. Red zone 3 is critical and could be seen as a resistance zone, an upside move out of this range will allow the USD/ZAR to move up into the forecasted year-end range if the resistance at 17.28 does not hold. A failed break above 17.27 will see the USD/ZAR retrace it’s gains and close the year in red zone 3. A failed break above the red zone 3 will see the pair retrace it’s gains and close in the red zone 2, which is at the moment the most likely yearly closing range . Rand strength: The 200-day exponential average, currently at 16.42, is expected to keep the rands’ gains at bay. Rand strength will allow the pair to break this support rate and move the pair into the neutral zone (red zone: 0). A break below the neutral zone will allow the rand to strengthen into “yellow zone 1” between 15.88 and 16.08. The best case scenario for the rand will be a move towards the floor at 15.50, in “yellow zone 2.”
by GustavFourie96
USDZAR testing the structure 🦐USDZAR has been moving in a downtrend due to the weakness of US dollar. MArket has been retracing the 0.5 fib level, then break and retest he 0.382 and now is testing the daily structure for a new recent low. If the market will manage to break and close below the structure we can set at the retest of it a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Short
by InkyGrip
5
USDZAR ShortPrice was rejected at a support zone, pushing it back up to the resistive trendline. Price appears to be getting rejected at the resistive trendline, presenting a short opportunity for USDZAR. The first target would be the previous support zone at which price was rejected. Price appears to be showing bearish pressure, improving the odds for this trade. However, a break and retest above the resistive trendline will invalidate this idea. Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below. Best of luck traders!
Short
by sharaafatm
USDZAR 16.66500 - 0.41% TREND CONTINUATION PATTENS Good Day everyone Here's a look at the USDZAR looking for the continuation patterns or the trend to the downside/ downtrend, the pair has been trading in a descending channel on a downtrend hitting HL & LL as we just hit a swing low upon close this past week. looking for continuation of this trend on the pair to resistance level 16.33836 since there are no signs of momentum shift to signal reversal or bulls coming into play on the pair. the trade is swing looking forward to seeing where the pair heads this coming week. lets see how it goes. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES ON PENDING ODER & SO FORTH RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
USD/ZAR PREDICTION : GOES SHORT WITH HIDDEN DIVERGENCEwww.tradingview.com www.tradingview.com Hi guys, Here is a quick analysis of the USDZAR market for the following hours: You can see the hidden divergence (blue line) founded between the last two lower highs of the downtrend and both marked up the RSI indicator. Most of the time (like around 90%), this type of divergence means that the current trend will continue, so the USDZAR will likely continue bearish. On top of that, if we use Fibonnacci correctly for further confirmation, we can see the price reach the supply and demand area as I have marked up on the chart. Please If you like my analysis, feel free to share and give your opinion. critics are welcome. Have a nice weekend and good trade. See you. Alino
Short
by MBAFX_C
USDZAR 16.6991 - 0.34 % SHORT IDEAGood Day Everyone Here's an idea on the USDZAR PAIR, that has been bound in an descending channel respecting the structure thus far the pair has been in an overall down trend as the ZAR regained strength against the dollar due to the negative fundamentals from the U.S and so forth, looking for continuation of this move to the down side since ZAR wont be going back to harder levels of lock-down. lets see how it goes Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
Triangle On USDZARUSDZAR is trading with a triangle and price is approaching the end corner of the triangle, indicating that a strong bearish or bullish movement is coming soon. Traders should wait for the market to move and give a valid entry, pointing towards a clear direction. At present, price is near a support zone and a supportive trendline, presenting a good probability long for bulls. Do not trade based on your (or anyone's) predictions, rather wait for the market to move and react to it. Patience is key, this is not a short-term trade. Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated. Best of luck traders!
by sharaafatm
2