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British Pound / South African Rand

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GBPZAR trade ideas

GBPZAR: ITF CURVE ANALYSIS (6D) - DT (WEALTH TRADE ALERT-ADD ON)✨ GBPZAR: ITF CURVE ANALYSIS (6D) ✨ (DOWNTREND) - ADD-ONS SLO2 @ 24.67655 - TRIGGERED SLO1 @ 24.5533 - TRIGGERED SSO @ 23.70571 - TRIGGERED SLO1 (add-on) @ 24.2650 - TRIGGERED SLO1a @ 24.1300 ⏳ (NEW ADD-ON) SLO1a @ 24.0008 ⏳ (NEW ADD-ON) SLO1a @ 23.5800 ⏳ (NEW ADD-ON) TP1 @ 21.85735 TP1a @ 20.8375 (secret TP) TP2 @ 19.1600 TP2a @ 18.2500 (secret TP) TP2b @ 17.4500 (secret TP) TP3 @ 17.39266 TP4 @ 16.9700 (secret TP) BLO1 @ 16.96808⏳ (DO NOT SET!!! - ONLY PLACE PRICE ALERT) 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT NOTE: This trade has been active for me for some time now. All current active orders are identified as triggered above. I'm sharing my personal trade(s) and just allowing for accountability and skill testing/training for myself. THIS IS NOT FOR EVERYONE!!! THIS IS A WEALTH TRADE! I WILL GIVE THESE ADD ONS AS ANTICIPATORY MOVES I'M PERSONALLY MAKING. Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
2
Trading Signal for GBPZAR - Buy OpportunityDear Traders, We are excited to share a new trading signal for the GBPZAR pair. Based on our analysis using the EASY Quantum Ai strategy, we recommend the following trade: Direction: Buy Enter Price: 23.30825 Take Profit: 23.39770667 Stop Loss: 23.20163667 Our decision to suggest a buy trade is driven by several key factors: 1. Technical Indicators: The pair is showing strong upward momentum, with key indicators such as the RSI and MACD signaling a bullish trend. 2. Market Sentiment: Current market sentiment towards GBPZAR is optimistic, fueled by positive economic data from the UK, coupled with a weaker outlook for the South African Rand. 3. Quantitative Analysis: Our proprietary EASY Quantum Ai has identified a high probability for upward price movement based on historical price patterns and machine learning algorithms. Please ensure you set your Take Profit at 23.39770667 and Stop Loss at 23.20163667 to manage your risk effectively. Happy Trading!
Long
by ForexRobotEasy
1
Trade Signal: GBPZAR MovementDear Traders, We have identified a promising trade opportunity for the GBPZAR currency pair using the EASY Quantum Ai strategy. Our analysis suggests entering a Sell position based on the following key points: Direction: Sell Enter Price: 23.2279 Take Profit: 23.17230333 Stop Loss: 23.29567333 Reasons for the Trade: 1. Technical Indicators: EASY Quantum Ai has detected a bearish engulfing pattern on the daily chart, indicating potential downward momentum. Additionally, the RSI indicator shows that GBPZAR is overbought, likely leading to a price correction. 2. Economic Factors: Recent economic data from the UK, such as lower-than-expected GDP growth, has contributed to GBP weakness. Conversely, the South African Rand has gained strength due to higher commodity prices, aligning with our bearish outlook for GBPZAR. 3. Market Sentiment: Sentiment analysis reveals that large traders have started shorting GBPZAR, adding further bearish pressure on the currency pair. We recommend placing your Sell order at the Enter Price of 23.2279, aiming for a Take Profit of 23.17230333. To manage risk effectively, set your Stop Loss at 23.29567333. Stay informed and trade wisely! Happy Trading, The EASY Quantum Ai Team
Short
by ForexRobotEasy
GBPZAR rise strong but momentum is near oversold levels The British Pound strengthens against the rand, trading above 24.00 once again. Similar to USD/ZAR, it is also trading above the 200 SMA and approaching the February swing high of 24.59. However, caution is advised as the RSI indicator suggests a potential pullback due to previous instances of oversold conditions. Considering the ongoing coalition talks, a negative outcome could lead to further depreciation of the rand. Resistance is at 24.59 and support is around 23.54 (200 SMA).
by Xayah_trading
🔥 GBPZAR: Curve Analysis (6W) 🔥SLO2 @ 24.40 ⏳ SLO1 @ 23.90 ⏳ TP1 @ 20.15 TP2 @ 17.75 TP3 @ 16.00 TP4 @ 13.25 BLO @ 12.50 ⏳ ADDITIONAL INFO: 🤔 If this HTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short 🏆 POSITION TRADERS: +45.70% or 111,500 pip OPPORTUNITY (max)‼️ ✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by buyers to being resisted by sellers — USE THESE LEVELS AS SLOs or SSOs for your add-ons. 🔑 LTF = LOW TIME FRAME PA = PRICE ACTION POC = POINT OF CONTROL SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT Short-term time frames (1-minute to 3 hour): — Highly volatile, price movements can be fast and unpredictable. — Suitable for day trading and scalping, but require constant monitoring and quick decision-making. — Not ideal for beginners due to the risk and stress involved.
Short
by ProfessorCEWard
GBPZAR November 19th, 2023The Chicago Mercantile Exchange's Commitments of Traders (COT) report for the week ending November 14, 2023, shows that there are signs of weakness for the British pound (GBP). Non-commercial traders, which are typically hedge funds and other large institutional investors, reduced their long positions in GBPZAR by 4,735 contracts. This was the largest weekly decrease in long positions since the week ending March 1, 2023. However, commercial traders still have a net long position in GBPZAR, which suggests that they are still generally bullish on the pair. The decrease in long positions from both non-commercial and commercial traders suggests that there is a growing number of traders who are expecting the GBP to weaken against the ZAR. This could be due to a number of factors, including: The ongoing economic uncertainty in the United Kingdom. The UK economy is facing a number of challenges, including rising inflation, interest rates, and the ongoing war in Ukraine. These factors could lead to a decline in demand for British goods and services, which could weaken the GBP. The strengthening of the South African rand. The South African rand has been strengthening in recent weeks due to a number of factors, including rising commodity prices and the ongoing depreciation of the US dollar. This could make the ZAR a more attractive investment for foreign investors, which could further weaken the GBP. Based on the COT report, it is likely that the GBP will continue to weaken against the ZAR in the near term. Traders should be prepared for further declines in the pair. source: www.cftc.gov
Short
by DNP-FX
✨ P2P INDi [PRO] ✨ TUTORIAL ✨1. Go to the 1D time frame 2. Open chart drop down menu and select Point and Figure* *Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above 3. Click on the SETTINGS wheel on the P2P INDi 4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS 5. Click the INPUT tab 5. PIVOT PRICES (a) Identify price(s) nearest the Pivot High (PH) and the Pivot Low (PL) (b) Place those coordinates in the corresponding input box (c) Click OK (at the bottom right) 6. On the Tool Panel (to the left), identify Magnet Mode and turn it on (weak or strong) 7. PIVOT PLACEMENT (a) Drag the Pivot High line of P2P INDi and snap it on the corresponding X (b) Do the same for the Pivot Low line and snap it on the corresponding O 8. ANNOTATING TREND (a) Identify the trend shown on the Heads Up Display (top right-hand corner) (b) If the DOWNTREND (red) is displayed, remove all three Buy Order TPs (c) If the UPTREND (green) is displayed, remove all three Sell Order TPs 9. SET YOUR POSITIONS (a) Place Buy and/or Sell Orders at 2%-3% or less of your Net Asset Value (NAV) (b) If shaving, take 25% profit at the first two Take Profit (TP) prices. (c) Stop Losses should be equal to or beyond the PH and PL lines (d) If stop loss is greater than your risk tolerance: — lower your position size or — tighten your stop loss by bringing it closer to your entry DISCLAIMER: Please notice that we do not provide financial advice — our website, indicators, strategies, signals, and mentorship courses are all intended only to provide a community of support to anyone interested in improving their trading skills. Fx'tive HNW $olutions, Inc. is a California corporation that publishes products and services for developing trading indicators and strategies on demand, renting and selling proprietary indicators and systems, training, and coaching exclusively intended for Daily₿read Subscribers ONLY. 1. INTELLECTUAL PROPERTY The proprietary indicators, strategies, and content developed by the T.E.A.M. (FRIDAY, P2P INDi, P2P INDi, TEMASHA, The Library, Specialty Lesson, and other utility scripts or educational information), the object of intellectual property rights are and remain the exclusive property of Fx'tive HNW $olutions, Inc., at the exclusion of images and videos and texts free of rights or provided by Fx'tive HNW $olutions, Inc. or external legal or physical person. No assignment of intellectual property rights is carried out through these Terms and Conditions. Any total or partial reproduction, modification, or use of these properties for any reason whatsoever is strictly prohibited without the express written authorization of Fx'tive HNW $olutions, Inc. 2. RESPONSIBILITIES You declare to know the principles and risks of the financial markets. Therefore, you swear that you know the financial risks involved in trading. In this sense, the directors, employees, stakeholders, and partners of Fx'tive HNW $olutions, Inc. can not be held responsible for errors, omissions, inappropriate investments, technical problems, events beyond our control, and, more generally, financial losses that you may realize, or results obtained in the practice of trading resulting from the services or products it markets. 3. RISK WARNING Trading involves a high level of financial risk and may not be appropriate because you may experience losses greater than your deposit. In addition, leverage can be against you. Do not trade with capital that you can not afford to lose. You must know and understand all the risks associated with the market and trading. We can not be held responsible for any loss you incur.
Education
by ProfessorCEWard
2
GBPZAR UPDATE Still on the way to R25.00 to the poundThe charts never lie! I posted this trade alert in October 2022 with the massive Falling Wedge on the Weekly. It broke above the R20.35 and it showed the next strong resistance at R25.00. target will be R25.00. I called it a long term analysis but changing it to a MEDIUM term analysis because of how quickly it's accelerated. I guess we can only wait for the target to reach until the next trade alert is given. Poor Sout Africa and those holding rands (Including myself).
Long
by Timonrosso