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BRITISH POUND / SOUTH AFRICAN RAND

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GBPZAR trade ideas

GBPZAR - Sell Setup at Key Resistance LevelOANDA:GBPZAR has reached a significant resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling interest and historical price reactions, increasing the likelihood of a bearish move if sellers regain control. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 23.41160 — a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
4
GBPZAR at Clear Resistance Zone - Will Sellers Step In?OANDA:GBPZAR has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers regain control. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 23.1620 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
Short
by TrendDiva
3
GBPZAR Approaching Resistance Zone: Potential Sell SetupOANDA:GBPZAR is approaching a key resistance zone, a level defined by previous price rejections and significant selling pressure. While the current bullish momentum may drive the price into this area, there is a strong probability of a correction once the zone is tested. If sellers regain control, a rejection at this resistance area could lead the price to drop toward the 23.2084 level. This setup aligns with the expectation of a short-term correction after an impulsive move. I'll wait for clear rejection signals, such as bearish engulfing candles or strong wicks, before taking action. Let me know if you agree with this analysis or if you have additional insights to add!
Short
by DanieIM
GBPZAR - Potential Long to enterOANDA:GBPZAR is approaching a robust support zone, marked by historical bullish reversals and strong buyer interest. The recent bearish pressure has brought the price into this critical area, creating a potential buying opportunity. I anticipate a move toward 23.1840. However, a breach of this support could invalidate the bullish outlook and lead to further declines. Make sure to carefully assess price action at this level and ensure proper risk management before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Long
by TrendDiva
1
GBPZAR MARKET ANALYSIS AND PRICE PREDICTIONGBPZAR, has been consolidating at the institutional renegotiation zone, price has already broken a structure twice upward, meaning the decision has favored the Bulls Twice. Am fully persuaded that the final decision that will effect a change of market direction will be in favor of the Bulls( because of the pattern and the characteristics of the consolidation). Price will break That renegotiation trend line and will head to the renegotiation resistance and clear of the Buyside liquidity. Entry, Take Profit and Stop Loss are clearly Marked on The Chat. GOOD LUCK GREAT TRADERS! I LOVE YOU GUYS
Long
by Akpambang
4
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
rise in GBP/ZARGBP/ZAR Daily chart We currently trading at previous year low price area and current holding swing low area @ 22. 47286, This price area has not been tested before by price and it is the low of the HTF consolidation phase price is within. Now we need to consider the prices of GOLD as they greatly affect the strength of the rand. The rand has a positive relation with GOLD. A drop in gold will cause a drop in the rand. We are expecting price to rise toward the midpoint of the consolidation phase at 23. 47460.
by cpointfx
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