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U.S. Dollar / South African Rand

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USDZAR trade ideas

USDZAR moving up fast & breaking out with USD strength I mentioned in a publication today during the Asia session about how I see the continuation of the US-Dollar to continue to power and move through 106 soon like a knife through melting butter. This is a big reclaim its making on the Poland currency. I bought in recently as it crossed the 200EMA on the daily. The weekly chart price is powering up a double-top. It will break through this level, USD is gaining so much momentum and it looks to remain that way for the foreseeable future in my opinion. Gold under so much pressure despite still in a bull-run, lower prices to ensue this week for Gold. Cryptocurrency and the USD$ to power on. DYOR. These are solely my opinions. I formulate these ideas from charts and price history. I pick a direction. Last Friday I publicly announced here on TV that Gold and Silver would slide in a bigger way this week. It's happening and it will continue to happen because as I mention above, the USD$ is continuing its breakout over 106 soon. Cheers, Chris Daily chart below:
Long
by Easy_Explosive_Trading
USDZAR Excellent sell signalThe USDZAR pair gave a solid sell signal last time (August 16, see chart below) we made made a call on it, easily hitting the 17.500 Target: Yet again, the price got rejected near the top (Lower Highs trend-line) of the 8-month Channel Down. A candle closing below the 1D MA50 (blue trend-line) will confirm the sell signal. If successful, we will short and target Support 1 at 17.03500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USDZAR-SELL strategy 6-hourly Overall the USD is overvalued right now, and corrections will happen short-term is my believe. This is not to say we should be prudent and use proper disciplines, and markets always are erratic, and when wrong we should re-access the market levels and conditions. The pair had a strong run up for for good reasons, but it is overbought since we touched 18.00 area, and we even climbed strongly near 18.1800. Depending to the trading strategy, we cam carefully build up shorts with low leverage to manage the storm. I feel we have a high stochastic, and overbought RSI and high up into the BB as well. Strategy SELL @ 18.1100-18.1600 or better, and take profit near 17.7850 for now. The lower end Ichimoku is 17.6500 area (where breakout happened).
Short
by peterbokma
The USD/ZAR pair might be seen as bullish?!The USD/ZAR pair might be seen as bullish for several reasons: Economic Data: Positive U.S. economic indicators (like strong GDP growth, employment figures, or consumer spending) can boost the dollar. Interest Rates: If the Federal Reserve raises interest rates or signals a hawkish stance, it can lead to a stronger dollar compared to the rand. Political Stability: Any political uncertainty or instability in South Africa can weaken the rand, making USD/ZAR bullish. Commodity Prices: South Africa is a major exporter of commodities. If prices for key exports drop, it can negatively impact the rand. Global Risk Sentiment: In times of global uncertainty, investors often flock to the dollar as a safe haven, driving up the USD/ZAR rate. These factors, among others, can contribute to a bullish outlook for USD/ZAR
Long
by Marshall_Wick