USDZAR-BUY strategy 4-hourly chartThe pair looks it is poised to move higher coming sessions. Stochastic is positive and I think had sufficient correction. Strategy BUY @ 18.7800-18.8250 area and place SL below 18.7150 for now. Profit order @ 19.0350.Longby peterbokmaPublished 1
USDZARFor the past 12wks I have left this pair because it has just been giving me the headache because I couldn't tell what the market was doing so I left it but now the market potentially seems to be giving us a Bearish setup and I will patiently wait for it to mature. VHT YOUR MENTOR SIGNING OUTShortby Victor_Hunter_TurnerPublished 2
USDZAR Heading shortUSDZAR is likely to further drive down to the 23 fib level....fib level 78.6 has signaled a short move with the instrument having given in to the bears at a resistance zone and pointed to a corrective wave. please engage with me if you have a different perspective or share the same sentiment.Shortby mkhizesiyanda95Updated 112
USDZAR-NEUTRAL BUY strategy 4-hourly chartThe pair showed abidance by the "false bull flag" pattern" which has difficulty in determining when the tide turns. However, persistence is pays off. Depending if one would have re-entered sell, as I did myself, near the SL level in fact. For now I prefer side line to seeking a BUY level, which will be little lower. Strategy BUY @ 18.7350-18.7550 area and place SL below 18.6850 and profit level @ 18.9150. Longby peterbokmaPublished 4
USDZAR-SELL strategy 4-hourly chartThe pair has touched the suggested SL level, and for that reason we have to enter little higher. We are supported by GANN level 19.0450 now, but stochastic is high, which means overall we will move lower in time. we remain keeping stops tight. The false bull flag pattern has changed slightly in its upper and lower band. Strategy SELL @ 19.0850-19.1150 and place SL above 19.1675. Shortby peterbokmaPublished 2
USDZAR-SELL strategy 4-hourlly chartThe pair has moved higher, and GOLD moved lower, in tandem. Now we have reached nice sell levels again, with high stochastic as well. We also have a false bull flag pattern, suggesting we should see lower again. Strategy SEL @ 18.9450-19.0100 and place SL above 19.0650 and take profit @ 18.7550. Shortby peterbokmaPublished 5
The wedge continues...The rand folded on Friday after the broad-based rise in the dollar. The rand managed to pull the pair to a low of 18.53 but this support rate held its ground. The pair still remains in the wedge pattern between the two blue trend lines and technically the higher low is not positive for the rand. I’m expecting a re-test of the 61.8% Fibo rate of 18.97 this week and a break above will allow the pair to inch back into the red resistance range between 19.15 and 19.28. For now, it’s too early to determine whether the pair is going to break to the top or bottom side of the current wedge but I’m leaning towards a break to the downside based on the expectations that the Fed will cut rates in around March. by Goose96Published 0
Rand(ZAR) to 13 zar a dollar is possible13 rand a dollar is looking possible from here unless this yrs votes then go otherwise this might be a thing of the past. Theres strong divergence visible between the RSI and the Market price, and correction is not yet complete as we need wave c of the correction before the flat continuation structure is complete.Shortby TheofylrxUpdated 226
USDZARPrice has come to a strong support level with candle formations indicating a bullish move. First TP is around the 18.75 mark.Longby ruanimmelmanUpdated 4
USDZAR-BUY strategy 4-hourly chartThe pair has declined into the 18.50s and now establishing slightly above 18.6100 again. The stochastic is low, and the regression channel gives room slight lower as well. I would prefer not to rush into BUYING even though I think we will re-test 18.7400. Strategy BUY @ 18.5350-18.5550 and take profit @ 18.7150 and SL below 18.4800 for now. Longby peterbokmaPublished 5
Possible Bullish movePrice is at resistance and has rejected the level with a 4h reversal candle stick. Price is at the bottom of the bullish channel and also touched the Keltner line. 4h rsi still negative but oversoldLongby Kevins1987Published 1
USDZARPrice came up to an area of strong resistance and is also aligning with a 50 fib level. The candle close also indicates price is looking to head down. Shortby ruanimmelmanUpdated 112
Unfilled orders tappingWe recently broke a supply area at 19.19152, this tells us buyers are starting to buy. Now we are tapping into the unfilled orders(demand area) at 18.53799. Accumulation wedge into this area suggest furthermore that buyers are interested in this area. Now the objective of buyers is to break the newly formed high(19.19152). Buyers in control..Longby UnknownUnicorn5253893Published 112
50- and 200-day supports testHigh event risk today with the SARB rate decision (they'll hold rates at 8.25%) and US GDP results. The rand will take its que from the dollar but technically a move lower towards the 200-day and 50-day MA looks likely, perhaps even deeper towards 61.8% Fibo at 18.53.Shortby Goose96Updated 1
USDZAR LOOKING TO DROP ASAPusdzar has been consolidating on the past few hours which result to a patten being formed and with the resistance zone that has been found to be effective i see that the market is gonna drop now and we are already on the entry point.Shortby minenhlemendoPublished 1
USDZAR - Rand consolidating 💲The pair continues to range between R19.20 & R18.20 and has formed a pennant pattern. As some point i expect this to break out with my bias to the upside as key moving averages are all trending up. Only below R18.20-18.10 will the bearish case likely change for the rand. by Trader-DanPublished 0
USDZAR-BUY strategy 4-hourly chartIt feels we are overdone for this pair, but let's assume we may see lower a bit more. I feel stochastic is not too low, and we broke the channel support briefly as well. We need to monitor the GANN support @ 18.6100 area. Strategy BUY @ 18.5350-18.5500 and place SL below 18.4800 and take profit @ 18.7750.Longby peterbokmaPublished 3
Short idea and tradesThe idea was a simple one - a break-down through the trend line, and a flag. So far moves as expected. Will see how long will it go.Shortby Alpha_MindUpdated 0
BULLISH USDZAR18.66 has proven to be a strong zone for this pair. Throughout the past 2 years, price has shown strong reaction in this area. I see price rising to 19.60 in the next month. Let me know what you think in the comments. Longby Technical_AnalystZARPublished 222
USDZAR-SELL strategy 4-hourly chartThe pair is hanging a bit, and likely may undergo some pressure. The GOLD price is steady and keeping firm, and the stochastic is negative. Strategy SELL @ 18.8350-18.8750 and place SL above 18.9150 and take profit @ 18.6750. Shortby peterbokmaPublished 557
USDZAR-SELL strategy 40hourly chartIt does not look convincing for up move, as the stochastic eventhough possive, it is turning a bit, plus GOLD if firmer. Strategy SELL @ 18.7900-18.8350 and place SL above 18.9500 and take profit @ 18.6750.Shortby peterbokmaPublished 3
USDZAR is Bearish.A possible sell move might agressively take place in the near future. Happy trading.Shortby ellcothleoma02Published 0
usdzar sellusdzar gave a good rejection from that resistance, with divergence valid for a 1:2 sellShortby kenwassajjaPublished 111