USDZAR-SELL strategy 6-hourly Heikin AshiWe had a spike, and thereafter move below 17.4900 again, and this suggest we should see lower levels again short-term. Strategy SELL @ 17.4500-17.4950 and take profit near 17.2550 for now. SL based on personal risk appetite.Shortby peterbokmaPublished 3
USDZAR-SELL strategy 90MIN chartThe pair is trading quietly and of course for good reasons. I feel that after the release of the CPI and inflation numbers, the pair will likely reach 17.5000 area before establishing itself again. Strategy SELL @ 17.6300-17.6700 and take profit @ 17.5350 for now. SL as usual based on your personal preferences. Shortby peterbokmaPublished 3
USDZAR View!!South Africa's rand softened on Wednesday, ahead of the closely watched minutes from the Federal Reserve's September meeting. At 1554 GMT, the rand traded at 17.6425 against the dollar USDZAR , about 0.3% weaker than its previous close. The dollar index DXY last traded up about 0.3% against a basket of currencies. "Dollar strength of late can be attributed to stronger economic data out of the region which is dimming the outlook of further outsized rate cuts this year in the world's largest economy," said Shaun Murison, senior market analyst at IG.Shortby FXBANkthe8055Published 1
USDZAR SHORTUSDZAR SHORT! Zar looking to push towards the downside due to the performance of the Dollar last week. Nfp had a major impact in the momentum of the Dollar. Lets see how it plays out. #XpensiveTraderSAShortby XpensiveTraderSAPublished 2
USDZAR-SELL strategy 3-Hourly chart Heikin AshiThe pair has further room upwards, and a test of 17.4950 is possible. I am preferred seller right now, but with cautious approach, and the SELL is not confirmed as yet, but feel it may work. Strategy SELL @ 17.4150-17.4650 and take profit @ 17.2350 for now. SL based on personal risk appetite.Shortby peterbokmaPublished 3
USDZAR LongUSDZAR is showing signals for a long position. Similarly, to the idea I posted for GBPUSD, there is a trend change which is backed by the crossing of the MACD and the stochastic. We have an ambitious target at 18.50 but will adjust our stop loss as the price moves upLongby RossLarterPublished 1
USDZAR-BUY strategy 12 hourly chart Heikin AshiWe are in the correction mode, and there is more room to the upside I feel. Perhaps we may see 17.4850 area at first. Strategy BUY @ 17.2150-17.2500 and take profit @ 17.4575 for now. SL based on personal risk appetite. Longby peterbokmaPublished 4
USDZAR-BUY strategy 12 hourly chart Heikin AshiThe pair has continued lower, even though oversold. As stated there was never a positive confirmation, and the same applies today. I still view the oversold state as important, and we should see good recovery. I was traveling, and happy I did. Strategy BUY @ 17.0500-17.1000 and take profit @ 17.4350 first time up. SL based on personal risk appetite. Longby peterbokmaPublished 4
Trade idea - USDZAR Long4H After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity. Corrective approach towards entry zone. = Buy limit. 1.5% risk. Aiming to take full profit at Daily TP. Longby FXKjellPublished 1
USDZAR-NEUTRAL SELL strategy 6-hourlyThe pair has reached its profit objective yesterday, and now am letting it rest a bit. I feel we may see slightly higher, but think 17.7350 area will remain a tough one to break for now. We are becoming slightly over extended on upside, and therefore we should have some caution. Strategy is NEUTRAL SELL @ 17.7000-17.7350 area and take profit near 17.5350 for now. SL based on your own parameters. by peterbokmaPublished 0
USDZAR Technical Analysis UpdateI've applied a Fibonacci retracement to the strong bearish momentum on the USDZAR pair. The Fibonacci levels are acting as resistance, or what I like to call the "defense lines." Currently, the price is hovering around the final bearish defense line. If this level is broken, I anticipate the price moving higher towards the next resistance at USDZAR 18.000. To dive deeper into Forex as an Investment Opportunity, visit: www.forexcollege.co.za #ForexTrading #USDZAR #TechnicalAnalysis #InvestmentOpportunities #ForexCollegeLongby ForexCollegePublished 0
USDZAR SHORTUSDZAR SHORT The USDZAR movement refers to the changes in the exchange rate between the US Dollar (USD) and the South African Rand (ZAR). It indicates how many South African Rands are needed to buy one US Dollar. The movement is influenced by factors such as interest rates, economic data, political stability, and global market trends. A stronger USDZAR rate means the Rand is weaker relative to the Dollar, and vice versa. This movement is closely watched by traders, investors, and businesses involved in international trade with South Africa. #XpensiveTraderSAShortby XpensiveTraderSAPublished 1
USDZAR-BUY strategy 6-hourly Heikin AshiThe pair has moved higher as expected, however, some caution as pullbacks may happen. The Ichimoku support is 17.5200 and as long we remain above it, BUYERS will dominate. I feel we may see 17.6650 test, and there after some correction back 17.5300. Ovrall we may see 17.8500m area in medium term based on daily chart. Strategy BUY @ 17.5400-17.5750 and take profit near 17.6750 (for spike) and SL as per your own wishes. Longby peterbokmaPublished 1
USDZAR-BUY strategy 3-hourly chart Heikin AshiIt feels we may see little higher again. The pair failed to move below 17.3600 dramatically, and GOLD declining helps the underlying bidding of the pair. BUY volumes are increasing and that way it feels we see 17.5200 test. The medium-term picture is still negative overall. Strategy BUY @ 17.4350-17.4600 and take profit ear 17.5750 for now. SL based on personal risk appetite.Longby peterbokmaPublished 1
USDZAR-SELL strategy 6-hourly chart Heikin AshiThe pair has been close to buy back objective, and since then it moved higher finding Ichimuko cloud support. Further, we are still positive as well. The SMI still has downside potential, and keeping in mind a likely return to low 3.50s 2 Years treasury will likely will cause USD weakness including our pair. Strategy SELL @ 17.4750-175300 and take profit again near 17.2850. SL based on your own personal preferences. Shortby peterbokmaPublished 0
USZAR-RETRACEMENT17 Months: Break below the 17 Month Previous low 12: First close above the SMA 2DAYS: 1-2 Retracement, sell opportunity .Shortby Jeremiah_CapitalPublished 0
usdzarstrogerThe South African rand edged higher against the dollar despite a strong U.S. jobs report on Friday, after a difficult week for risk sensitive currencies as tensions escalated in the Middle East. By 1512 GMT, the rand USDZAR traded about 0.3% firmer at 17.465 against the dollar. Since the start of the week, the local unit is down about 2%. The dollar DXY jumped to a seven-week high after data showed that U.S. employers added more jobs than expected in September, leading traders to pare bets of an outsized interest rate cut by the Federal Reserve in November. The greenback was also supported by demand for safe-haven assets after an Iranian missile attack on Israel on Tuesday left investors assessing widening Middle East tensiShortby admiretiraPublished 1
Trade idea - USDZAR Long4H Corrective approach towards entry zon. -68 Fibonacci completion aligning with entry zone. = Buy limit. Bullish M pattern + Bullish Fake Out flag pattern as extra evidence. 1.5% risk. Aiming to take full profit at Daily TP. Longby FXKjellUpdated 1
USDZAR-NEUTRAL BUY 12-horuly Heikin AshiThe pair looks like it may pause a little, and it has run upward quite sharply. The stochastic is slightly positive, and SMI plus the AO all suggest we may see higher before we correct again. I am inclined to be BUYER @ 17.4350-17.4700 and place profit order @ 17.6850 for now. SL based on personal risk appetite.by peterbokmaPublished 0
USDZAR-NEUTRAL SELL Strategy 8-hourly Heinkin AshiWe have reached 17.4200 and slightly higher, and feel this is enough movement from the 17.0500 area For now, I will watch carefully, but think e may move lower again. We have candle sticks suggesting we are topping out now. Strategy NEUTRAL SELL @ 17.3500-17.4150. Take profit @ 17.2350 for now. SL based on personal risk appetite. Shortby peterbokmaPublished 0
USZARlooking to go short Long term, on the USDZAR - USD looking weak AF Shortby waynepipkillPublished 3