USDZAR trade ideas
USDZAR-NEUTRAL SELL strategy 3 hourly chart Reg. ChannelI am cautiously SELL since the trend is not strong, but likely it feels seeing lower levels. We need to retest 17.60s - 17.55s before it may become oversold short-term. GOD is firmer and this helps to support this theory for now.
Strategy SELL @ 17.7500-17.7850 and take profit near 17.6000.
USDZAR-SELL strategy 3 hourly chart Reg.ChannelThe pair does not show a clear direction at current levels, but considering Ichimoku cloud resistance, which is important for direction, we still have downside pressure short-term.
The key resistance lies around 17.9000-17.9300.
Strategy SELL @ 17.8250-17.8650 area and tak profit near 17.6350.
USDZAR-BUY strategy 3 Hourly chart Reg. ChannelThe pair is still under pressure, and certainly not out of negative territory. I suspect we may test down side further, especially we have moved below 17.8750 area. The channel support is 17.60s and near that level would start considering BUY entry. The indicators are slightly positive, so if one is brave enough perhaps BUY even sooner, but I prefer to BUY lower end.
Strategy BUY @ 17.5975-17.6350 and take profit near 17.9000.
For those wishing to SELL ...SELL @ 17.7500-17.8000 area and take profit near 17.6350.
USDZAR-SELL strategy 6 hourly chart Reg. ChannelThe pair has moved down sharply, and as always, any news can change direction quickly as we have witness again and again. Caution always is warranted.
The #D chart is still upwards, even though a pause, and down move do0es not negate the over all situation, however short-term, we are seeing weakness and we broke through support 17.8900 and signaling lower levels again. I feel we may see 17.6750, but remain alert I guess.
Strategy SELL @ 17.8650-17.8875 and take profit near 17.6750 area.
USDZAROn a shorter TF, here is the entry to sell the USDZAR, hopefully if this entry holds solid to the bigger view of this pair, we should be able to trail our SL until further notice as per the Daily TF Posted chart, alternatively we can just jump in and out at the green line (please note the green line also advises or indicates the S/R Flip Zone that's held the market quite significantly previously, so we really crossing our fingers as we hold this sell.
USDZARMy pov for USDZAR pair is that we should be expecting further gradual drops, not sure if this will be a sharp drop or consolidated one , however should we get a solid break off the support in red line, then we should be looking forth to more sellers dominating this market. Whats your view? What do you cav?
USDZAR-BY strategy 3 hourly chrt GANNW are observing a breakaway gap (possibility), and this means we will move higher over time, which is in line with 3D chart posted some days back. The market is uncertain, and any escelation or threath, should keep USD firm, and the chart merely reflect this situation. Crypto has come under pressure, meaning asset are shifting.
Strategy BUY @ 18.0150-18.0300 (or slightly higher) and take profit near 18.2450 for now.
USDZAR: Sell Trigger on 4HGood morning and happy weekend everyone,
today I bring the chart of the UsdZar pair which shows a sell trigger via my LuBot Ultimate indicator which goes in favor of the short-term trend and the bearish market structure, both on the 4H and on the Daily, highlighted by the color of the candles in red.
The signal is also confirmed by the reversal signals shown above and a close below the previous 2 candles.
The indicator automatically shows exit levels that I will follow for my trade as the stop loss is far enough away to give the market room to breathe if it needs it and to avoid unnecessary stops. Stop which will subsequently be approached if the market moves in the direction of the trade.
The take profit is at the right distance given that we are close to a support zone indicated by the green area of the indicator.
Finally, the EVE indicator below has not shown any major excesses of volatility so we could still expect a strong movement before a possible reversal.
FX:USDZAR FOREXCOM:USDZAR SAXO:USDZAR FX_IDC:USDZAR OANDA:ZARJPY OANDA:EURZAR OANDA:GBPZAR OANDA:CHFZAR SAXO:AUDZAR SAXO:NZDZAR
USDZAR-BUY strategy 3D chart The pair is still on the BY side, even though short-term charts may suggest slightly lower. The issue is, that any involvement by US may cause a spike of US dollar, and technically the pair has a chance to correct to 18.4200 FIB before we see recovery. So be careful, and perhaps the BUY side may help in this case, and I feel it starts looking this way as I had written some week back on the same chart settings.
Strategy BUY @ 17.9650-18.0150 and take profit near 18.3750 for now.
USDZAR-SELL strategy 3 hourly chart Reg. ChannelThe pair reached first near 18.1350 and thereafter corrected to 17.9200 area. This was a minor correction, and now we are still slightly positive, and we may see back 18.1300-18.500 before a move lower again. One should consider, when US involves themselves, the USD will initially strengthen, but in the sessio0ns to come we should observe weakness
Strategy SELL @ 18.1150-18.1650 and take profit near 17.9250 for now.