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.
USDZAR trade ideas
USDZAR-BUY strategy 2D CHART GANN The pair looks a BUY from a medium-term perspective. we have lower RSI area and also a positive MACD and Fisher form, and others. There are some short-term pressures downside, but overall picture feels we may see movement back towards 18.40s in the medium-term.
Strategy BUY @ 17.7500-17.8150 area and take profit near 18.3750 for now.
USDZAR-SELL strategy 3 hourly Reg. ChannelThe pair spiked and the "cautious" SELL idea did not pan out as we never had the break of 17.7500 support area. Right now, we are at the top of the channel, and even though it may spike above it, gravitational forces may likely drag it down again, as we are slightly overbought as well and a return towards 17.80s is possible. The USDX moved higher as well, but similarly it is slightly overdone.
Strategy SELL @ 17.9650-18.0500 and take profit near 17.7800-18.8050 area.
Medium-term still am seeing higher (see my 3D chart few days ago).
USDZAR-SELL strategy 3 Hourly chart Reg.ChannelThe pair has first moved higher due to the fundamental pressures, but seems to trade side ways to lower. Indicators tend to suggest lower levels again, and feel that 17.7500 area could be seen short-term.
Strategy SELL @ 17.9000-17.9500 and take profit near 17.7650 for now.
USDZAR-CAUTIOUS SELL strategy 6 hourly chart GANNthe pair is drifting lower in silent mode :) it feels we may have an attempt to break 17.7500 area and if successful on close, the possible should-head-shoulder top may be something to think about. Medium term i see still see higher, however, short-term we are not out of the woods as yet, and the USDX is under pressure as well, so like we will embark lower.
Strategy SELL @ 17.8150-17.8500 and take profit near 17.5750 for now.
USDZAR-NEUTRAL BUY strategy 6 Hourly chart GANNThe pair made a sudden rush upwards, whilst we have negative USDX and other currencies and stronger GOLD. This places caution on BU*Y side, however noting we are improving on the pair its USD value stance. The resistance 17.8150-18.8500 and 18.9500 are the areas to watch.
Strategy BUY @ 17.7350-17.7650 and take profit near 17.9350 for now.
USDZAR-SELL strategy 12 Hourly chart GANNThe pair remains under pressure, even though we are oversold (not extreme, but getting to become). I am cautiously suggesting SELL strategy due to the reason we are on the verge breaking down through the major support level, whilst we are protected 17.7150-17.7450 area.
Strategy SELL @ 17.6950-17.7350 and take profit near 17.5875 for now.
USDZAR-BUY strategy 3-Daily chart Reg. ChannelThe pair has after all moved little lower, and I became hesitant bailing out of the SELL. Now that we have moved lower, and considering its oversold status (reasonable), we should start considering the BUY strategy for a medium-term basis.
Strategy BUY @ 17.6675 - 17.7350 and take profit near 17.9750 for now.
USDZARUSD/ZAR – Bearish Outlook Supported by COT Data 🐻
USD/ZAR is under pressure as emerging market currencies gain strength and the dollar softens amid shifting Fed expectations. Recent price action shows clear lower highs and rejection at key resistance levels. Conclusion: USD/ZAR remains vulnerable to further downside as both technicals and COT positioning confirm a shift in sentiment. Look to sell rallies toward resistance levels.
USDZAR - SELL strategy 3 hourly chart GANI am back from my travels. the pair is under pressure and I suspect we are going towards 17.70s.
The stochastic, MACD etc all are providing weakness to the pair due to the SELLING pressure, and further, we are below CLOUD cover as well.
Strategy SELL @ 17.9000-17.9500 and take profit near 17.7350 for now.
USDZARIn Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.