USDZAR-NEUTRAL RANGE 3 hourlyThe pair has not been able to move higher as expected, nor has it declined dramatically either.
I think we are range bound for a while, and until election results and/or major change in GOLD price, the pair will again move more actively.
Strategy RANGE trade between 17.6100 and 17.7450 for now. will update if anything new.
USDZAR trade ideas
USDZAR with a 1800 pip take profit and 477 stoplossA bullish USD/ZAR prediction with an 1800-pip take profit and a 477-pip stop loss means youโre setting a target for the USD to gain significantly against the ZAR. To support this type of trade, you would typically want to see indicators that favor USD strength or ZAR weakness.
USD/ZAR: Navigating the Bullish ChannelSince September, the #USDZAR exchange rate has been moving within a bullish channel. It's relatively straightforward to identify the support and resistance levels that align with this trend. As the USD has recently gained strength, the fundamentals suggest a potential continuation of the uptrend for this currency pair.
USDZAR-BUY strategy 3-hourly chartThe pair has kept 17.5850 well, after moving lower from 17.6700, which was the pivotal point before, and now this point is around 17.7050. I feel we are within a triangle formation, and the next move is likely higher, and a sharp one I think. We are well established above Ichimoku could as well.
Strategy BUY @ 17.6650-17.6800 and take profit @ 17.8750 for now. SL as usual based on your own preferences.
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
USDZAR-SELL strategy (careful one) 3-hourly chartIt feels we are developing movement lower, and I think 17.4850 may be possible, or slightly more.
We are observing 17.6700 and once giving way, we should move within the second GANN layer.
Strategy SELL @ 17.6650-17.6900 and take profit near 17.5150 for now. SL based on personal preferences.
DROP ON U/ZAR ??After the test of a significant 4hr resistance level, hourly and other lower timeframe bearish trends have formed indicating potential downward movement. Price however, still needs to break a stubborn 15 min support range trend to reach the next inverse hourly range at the bottom.
ONLY TIME WILL TELL
USDZAR BUY/LONG 1:12 PROBABILITY Hello All
Reason for taking trade :
* b wave of the corrective structure required (sharp move similar to a wave)
* FVG has been mitigated 17.164
* 4 HR engulfing candle
* MACD divergence from 1HR to Daily TF
* Equal Highs at the top indicating liquidity
* 1:12 Probability trade
Strategy: Entry at the mitigation of the 4HR candle
Entry: 17.22 or current market price
Stop Loss:17.0430
Take Profit: 19.490 (GAP)
WILL THE USD CURRENCY GAIN MOMENTUM AGAINST ZAR???USDZAR has been in an uptrend since the 30th of September in an overall bearish trend, we're looking to have a 3rd touch on our H4 bearish trend which could also result in a breakout depending on the buyers momentum, there is also a significant level acting as a CEILING, I believe we will once again see the reaction of SELLERS once price reaches this level. I am at a H1 trend breakout at a support level looking for more buy signals... WHAT IS YOUR TAKE???
USDZAR-BUY strategy 3-hourly chartThe 90 Minute chart is negative, and that is why downside prevails short-term. GOLD is major overbought, and the key to a strong reversal of the USDZAR.
I am inclined to BUY at lower levels short-term.
Strategy BUY @ 17.5350-17.5500 and place profit order @ 17.8550. SL based on your personal preferences.
USDZAR 18 October 2024 Skye Pulse 26 Forex Edition๐ Last Volume: 27, Average Volume: 35.612
๐ Volume below threshold, no action.
๐ Sell signal generated for USDZAR.
๐ Analyzing USDZAR with current price: 17.55705
๐ MACD Line: 0.01 | ๐ Signal Line: 0.01 | ๐ถ Histogram: 0.00
๐ 200-day MA: 17.56
No strong Buy or Sell signal for USDZAR, holding position.
Generated Signal: Sell at price 17.55705
๐น Current Price: 17.56
๐ Fibonacci Levels:
0% Level: 17.65 ๐ฝ
23.6% Level: 17.62 ๐ฝ
38.2% Level: 17.61 ๐ฝ
50% Level: 17.60 ๐ฝ
61.8% Level: 17.59 ๐ฝ
100% Level: 17.55 ๐ผ
The price is below the 50% Fibonacci level, caution with the Sell signal.
๐ต Last price: 17.55705
๐ Supply Zones:
๐ Demand Zones:
๐ Current Trend: Sell
๐ซ Alert! โ No valid signal for trade setup. ๐ Please review your strategy and data!
โ ๏ธ Alert! โ Can't determine the trend with the current data for USDZAR. ๐ Please verify your inputs!
๐ก โ No harmonic pattern detected. ๐จ
THIS IS FOR EDUCATIONAL PURPOSES ONLY !!!!
IM TESTING THE EA , PLEASE DO NOT SEE THIS AS TRADING SIGNALS
Buy RetracementGood day traders. Here is a setup on USDZAR, as you can see in the chart above we are looking to buy USDZAR with the reasoning that price is going to continue coming down to the 61.8% Fib retracement and pair correlations and other technical analysis. Conclusion we look for Buys around the 61.8% zone.
USDZAR-SELL strategy 6-hourlyThe pair is supported by GOLD and the lofty levels attract lower USDZAR levels. Keeping in mind we are not correcting GOLD as yet, the pair may travel further south towards 17.5150 again
Please note GOLD is very overbought and any changes to it may spike the pair upwards. so we should take care a bit at present levels.
Strategy is CAREFUL SELL @ 17.6650-17.6800 and tight stop. Profit level @ 17.5350.
USDZAR-NEUTRAL BUY 6-hourlyThe pressure is on upside, and I see potential of break 17.7250. The stochastic and SMI are flat, but high, and indicates that overtime we may see pullback to 17.4450 again. Short term upwards first.
Strategy CAREFUL BUY @ 17.6050-17.6400 and place profit order @ 17.7800. SL based on your own risk appetite.