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Usdzarshort

USDZAR Trade IdeaConfluence of a few factors: 1. Downward trend line serving as resistance 2. Bearish engulfing candle pattern (sell signal) 3. Pinning 21 SMA 4. All happening at 14.13959 short term resistance I am selling at market price with #Sl just above the bearish engulfing @ 14.18403 and #Tp lower down at previous demand zone around 13.85317 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
USDZAR 1:4 Risk Reward SHORT (Fundamental Analysis)USD Fundamentals Fundamental Quant Scores dipped to a negative -3 - Continuuing Jobless claims increased by 6,000 suggesting more US citizens are claiming credit to help support their lifestyle. - Latest GDP for Q4 showed a less than forecast outcome missing it by 0.2% - Pending Home sales a huge leading indicator dropped to -1% when forecast to stay above 0 - More gas supplies suggests less capital efficiency and more asset storage, so less vehicles are being used, manufacturing is slowing down and is bearish for GAS which can also affect CAD ZAR Fundamental Quant score +33 shows bullish signal - PPI increased to 0.3% showing South African Producers are bullish of the ZAR - Interest Rates stayed the same with no signs of change, suggesting investors from abroad can take advantage of their high interest rates. - Retail sales on 20th grew by 1.2% showing a strong consumer population
Short
by Eren_Jaeger_Trader
USD/ZAR: Swing-Setup! READ INSTRUCTIONS! Tripple-Top#ChanceHey tradomaniacs, welcome to another free signal! Important: Target 2 is the most likely Profit-Zone! Instructions: Plan A: If we see a Kissback use the Sell-Limit! Plan B: If we don`t retrace, use the SELl-Stop! ----------------------------- Type: Swingtrade Sell-Limit: 14.27462 / Plan A Sell-Stop: 14.11256 / Plan B Stop-Loss: 14.54292 Target 1: 13.92298 Target 2: 13.75235 Target 3: 14.54642 Targt 3: 116.495 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
USD/ZAR 2019 Budget - Raucous in the MarketWhat a ride!!! If you refer to my trade idea below, you will see updated comments along the way. From a fundamentals standpoint of this pair, there was big budget news this morning for South Africa. The prediction that government debt to GDP would top 60% by 2024 send the rand toppling. The rescue plan for Eskom Bailout helped to calm traders nerves a bit. Investors are somewhat hopeful about the plans that have been put in place, and the direction of South Africa. The rand is still not out of the woods. The Moody's Credit Rating of the rand at the end of March will play a lot into this currency pair. Now from the technical standpoint, price grazed the 61.8% fib level on the monthly time frame. As we move to lower time frames, I see the possibility of price traveling down a descending wedge, and hitting the 50% or 61.8% fib level, before making another bull run up at some point (my long term belief). Of course this is all speculative. When trading this pair especially, we must keep fundamentals in mind, but pay attention to price action and the technicals along the way. The market can do what it desires to do, we as traders are only along for the ride. So, this goes on to say, trade at your own risk, watch price action, and protect any profits you have along the way. Price action will tell you a story, which will give you an indication that you should close and re-enter or stay for the long haul. Always use proper risk management. Please like and offer your comments and stay tuned for updates. I am always a student!
Short
by mrsceleste
USD ZAR SHORT.... like my temper ;pYou can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside. Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy that they have got FREE off the internet in-between w#nking off to p#orn in his mums basement!!!
Short
by Apex_Gregg
Short like Danny DeVitoAs we can see there is a strong resistance line on the 4h chart ( pointed out by our purple arrows ) and we also have 2 very strong trendlines formed ( pointed out with red arrows is where price has respected these ) All analysis is pointing south of the border with bears well in control, we are expecting price to continue respecting this resistance level and our trendlines, so we are in a short position at the moment.... SL and TP are reserved for our clients. Although we are in a sell position we will be keeping a close eye on the break of these 3 important levels as a break of these could see price suddenly push higher.... and we always want to take advantage whenever we can :p
Short
by Apex_Gregg
2
Going Balls Deep13.46895 is a key resistance level that will be respected, and with the 2 added trendlines ( purple arrows are where price has previously touched and respected these lines ) we can see no other direction other than down with this pairing, so we are in a sell position at the moment but we have a tight SL just above our resistance level just incase resistance is broken. Sometimes with such a strong setup you have to say f#ck it and risk that tiny bit more.... Go BALLS DEEP ;p And yes we do expect you to take us for a drink if you take this trade haha.
Short
by Apex_Gregg
3
USD/ZAR SHORTIt might still be too early to "call the shorts", but this pair is pretty amazing. Besides being so scary sometimes, it can also be very predictable and has a lot of liquidity at most. The price is currently forming a triangle pattern and the best way to trade this is to wait for a breakout. I am calling a break to the downside because the price already broke the 200 moving day average and will likely continue the collapse. Please not that if the price breaks the smaller flag pattern in the pair the upside, we would enter a long position since the price is currently testing an established trendline in the smaller timeframes
Short
by munyaelliott
USDZAR approaching resistance, potential drop! USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.600 (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price should it react off this level.
Short
by FlowState
1
USDZAR approaching support, potential bounce! USDZAR is approaching our first support at 13.60 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement, Horizontal pullback support, Descending channel support) where a strong bounce might occur above this level pushing price up to our major resistance at 13.97 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance). Stochastic (55,5,3) is also approaching our support and we can see a bullish divergence where we might see a corresponding bounce in price.
Long
by FlowState
1
USD/ZAR Short Trade IdeaPrice for USD/ZAR is forming a possible descending wedge. I am looking for price to pull back to the trend line, following recent bearish price action last week. The first take profit area has 3 different points of confluences, using Fibonacci at various swing points. The second take profit target is also a possibility. Price action would need to be observed to confirmed after the first take profit. Fundamentals of the DXY and Rand are also favorable for this outlook in the short term. After each take profit scenario I anticipate a bullish reversal in the market to take us to previous highs. This trade is for educational and demonstration purposes. Trade at your own risk, and please use proper risk management.
Short
by mrsceleste