Get started

U.S. Dollar / South African Rand

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDZAR trade ideas

Usdzar Possible Short setup🤝we have a new trend forming with recent break of Structure to the downside. Price is coming from an unmitigated supply zone and caused change of character. We have 1 hour fvg. Entry take profit is the last low. The 2nd is the Swing Structure as i indicated This is a trade setup but also an educational post. I post these doe backtesting purposes. I wish to see how far I have come in the next 5 years. If the setup works and you took a trade, goodluck. If it doesn't, it's part od the game. ✔️ Let's see🕣👁️
Short
by ZIPHO67
4
USDZAR Short trading opportunity(swing-trading) 5I expect a swing of about 70cents+- all the way down to R17.50+- per dollar, expecting the ZAR to strengthen in the short term within a month or so to 17.50+-. If the USA Federal Reserve starts cutting interest rates or at least give solid indication it is about to soon then it could signal that the dollar might weaken a bit for the ZAR to strengthen against it as massive amounts of money moves around, the South Africa presidential elections although more chaotic this year still seems to put the ANC in favor, and generally in the short-term (or rather more than 50% of the times) the elections have had a positive effect on the ZAR in the short-term. My only risk here is that if the target is not reached I will have to move money overseas in a more unfavorable conversion ratio, so I am not risking money directly but rather in a way indirectly.
Short
by ricomister
looking at shorting opportunitiesUSDZAR WEEKLY chart We have been in a bullish trend and price made a new all-time @19.92392 high which is relevantly close to the pre.high @19.35768. Price is currently consolidating at this price level of pre.high area. We now have to pay attention to price behaviour at these minor swing areas for signals to take trades from. We have two key HL areas to look for buying opportunities from respectively: 18.10895 Which is unlikely to hold as price has retested this area previously several time & 17.42504 as this is a fresh area we expect price to rally from this area. This rally will be fuelled by the increase in positions of the sells that will enter the market as price breaks out of the consolidations low and signal a change in trend. We will be looking for selling opportunities to get price to the untested minor swing low @17.42504 for better buying trades and considering the gold relation with the Zar currency. We want to see gold maintaining its bullishness for this to take place and for the US dollar to be weak.
by cpointfx
USDZAR ANALYSIS FOR THE WEEK (starting 20/05)USDZAR has been bearish for quite some time now, breaking several structures downwards too. On both the weekly and daily TFs you can see some imbalance downwards which seems to be attracting the price further downwards to demand. From what I can see on the 4H - price has actually respected previously created blocks, especially after the most significant break (the one that broke the low on the daily) making me wonder whether it’ll continue to do so while continuing it’s downwards push to demand. USDZAR is bearish and I’d only short. TP1: 17.86800 Final TP: 17.66375
Short
by saintprincevvs
1
USDZAR-BUY strategy 4-hourlyI cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future. It is hunting for lows, and this may remain until GOLD establishes a recovery mode. Strategy BUY @ 18.1150 -18.1350 and take profit @ 18.3750. SL below 18.0650 for now. I prefer to keep it tight to re-enter in case.
Long
by peterbokma
2