USDZAR LONGI am looking for entry LONG. The main trend is up,
i had an earlier post on idea of going long.
This is the zone now. Although there is a trendline that looks broken, I WILL LOOK AT PRICE ACTION.
USDZAR trade ideas
USDZAR-BUY strategy 6 hourly chart - GANN The pair has reached near 18.1400 and form there we having moving gradually higher. We are oversold, and I suspect we will see a test if 18.4100 GANN resistance.
Strategy BUY @ 18.1950-18.2200 and take profit near 18.3750 for now.
USDZAR-BUY strategy 6 hourly chart Regression channelThe pair has kind of reached its potential I think, and from here I prefer BUY into weakness.. We are oversold and even though indicators are negative, I am worried of a spike upwards. I think it is realistic to say, when GOLD loses again its shine, it can suddenly become a reversal day for the pair.
Strategy BUY @ 18.2050-18.2575 and take profit below 18.4750 resistance.
usdzarlooking for perfect entry to go long. as the bear has been happining for the past months, the moment price react to key level, i will only enter buy on confirmation
USD/ZAR LongThe South African Government released a press statement late today promising to mitigate and reduce Load-shedding for the foreseeable future past the winter season. In contrast, the US Federal Reserve has yet to release its interest rate decision which we assume will remain the same. These contrasting forces are typical of a trend reversal, especially considering that the US is heading to summer in May, which is a good time to do business. Also, President Trump's birthday is on the 14 of June why not invest in the dollar for the good times to come? The Rand apart from appreciating Gold prices lacks any attraction. I believe that investors are positioning themselves to acquire liquidity to stake in America for the long run
USDZAR-SELL strategy 9 hourly chart GANN SQThe pair is oversold, and for those willing to go long for correction, the move upwards will be likely stalling near 18.4750 (double bottom area.
In terms of the break and the GANN SQ it is likely better to sell into rally.
Strategy SELL @ 18.4150-18.4450 and take profit near 18.2750 for now.
USDZAR | 02.05.2025BUY 18.4400 | STOP 18.3300 | TAKE 18.5900 | Technically, the picture of the price movement disposes to a slight growth to the levels of previous resistances inside the medium-term descending channel. We also expect today data on the US labour market and the possible impact of indicators on the dollar. A slight growth is likely.
USDZAR to break R20 barrier, and beyondWith a short retracement to 17.50/17.75.
My RSI shows a possible double support at 50. Always a sign for Bull movement ,
See how the Price structure is on the lower buy zone in the parallel structure
Plus horizontal and trend line confluence, shows me the USDZAR - WEEKLY
It is on its way to weakness, and break a massive psychological move up, into the
20s.
USDZAR-BUY stragegy 3 hourly Regression channelThe push lower was slightly more than expected, but the 18.7400 refusal and GOLD stabilizing caused the sharper down turn. From here, and current pricing we are oversold, and we should see a pullback to 18.4850-18.5200 again, is my viewpoint.
Strategy BUY @ 18.3500-18.3950 and take profit near 18.5025 for now.
USDZAR 15MIN BUY(1) A bullish rising wedge pattern expected to give a BUY at : 18.69855 (2) StopLoss : 18.57438 (5) TakeProfit : 18.80105
USDZAR-SELL strategy 3 hourly chart Regression channelThe pair has touched 18.70s and considering the resistance 18.7400 and moving back sharply lower 18.60s, it feels we have started another attempt lower once again. Overall we are caught between a larger range, and short term movements are difficult to grasp.
Strategy SELL @ 18.6000-18.6400 and take profit near 18.4750.
USDZAR-BUY strategy 12 hourly chart - GANN SQThe pair is within a larger range, but viewing the current pattern, it feels we may be developing a "W" formation. The left side "W" part started where neckline 18.8900 is. The lower part of " W " support is 18.4800 area (double bottom), and from there we should be retouching 18.8900 in the near term. usually we will move lower after this right "W" side to roughly 18.60-18.65 area before breaking the neckline and moving en route 19.2500 again.
Anyway, this is just a viewpoint, and let's monitor the pattern unfold.
Strategy BUY @ 18.5750-18.6150 and take profit near 18.8900 at first. there after re-BUY at 18.6100-18.6500 for a move towards 19.1500.
USDZAR-BUY strategy 3 hourly chart IchimokuThe pair still has an overall downside bias, but short-term still have a chance to see slightly higher levels. The 18.6900 and 18.4700 area are to be respected for now.
Strategy BUY @ 18.5100-18.5400 and take profit near 18.6875 for now.
USDZAR Bearish FlagI am picturing a bearish flag formation here on USDZAR to accelerate the recently found down trend. If this is the case, price should revisit 18,65 before heading down
USDZAR-BUY strategy 3 hourly chart GANNYesterday I underestimated the downside potential, and now we are below 18.5500 trend line, which does not bode well. However, we have a low RSI and other indicators, and even though pressure seems downward, I think we may have a change to recover to 18.7000 again.
Strategy BUY @ 18.4750-18.5100 and take profit near 18.6875.
USDZAR-NEUTRAL BUY 90 Minute GANNIt feels we may be moving little higher. The volatility is low, making it more difficult to get the direction. However, stochastic is low and may turn, and for the rest slight pressure is seen.
Strategy BUY (if wished for) @ 18.6750-18.7250 and take profit near 18.8750 for now.
USDZAR-BUY strategy 9 hourly chart - Regression channelThe pair has moved a little lower yesterday, and has returned above 18.60s.
The pressure is slightly upwards, but its not completely confirmed, since we have are moving slowly and not a solid move so far.
Strategy BUY @ 18.6150-18.6550 and take profit near 18.8850 for now.
USDZAR-NEUTRAL SELL strategy 3 hourly chart GANNwe have moved higher from where I felt it would, and now we are starting to be overbought slightly. One should be careful as the pressure it still upwards, but SELL is the better way now, I feel.
Strategy SELL @ 18.8650 - 18.9150 and take profit near 18.6150-18.6350 area.
USDZAR Potential to 18.000 SHORTPrice below potential free range zone a indicated by chart
currently in the Trade will hold and wait
Is the USDZAR About to Crash? Elliott Wave Says Yes Technical Analysis (Elliott Wave View):
🌀 Wave Structure Overview (Elliott Wave):
Wave (1): Sharp rally up to 2008 (Global Financial Crisis peak).
Wave (2): Deep corrective wave ending around 2011.
Wave (3): Strongest and longest wave, peaking around 2016 (a textbook impulsive 3rd wave).
Wave (4): Sideways-to-down correction, consolidating the gains of Wave (3), ending 2018.
Wave (5): Final push higher, peaking around 2023–2024.
🧠 Note: Wave (5) looks like it may be ending or already ended, indicating a major corrective phase is due.
📉 Projected Correction:
The projected arrow suggests a retracement down to the 11.50 – 13.00 ZAR zone.
This level aligns with:
Previous Wave (1) top (2008),
Wave (4) low (2018),
Strong monthly demand zone (grey box).
💡 This supports the idea of a full cycle correction — possibly a Wave A-B-C retracement on a higher time frame.
🌍 Fundamental + Macro Drivers to Watch:
🇺🇸 U.S. Factors:
Interest rate cycle: If the Fed starts cutting rates post-2024, USD weakness can contribute to this bearish outlook.
Election year: Political uncertainty or a shift in administration could trigger capital flow changes.
🇿🇦 South African Factors:
BRICS expansion and de-dollarization: If BRICS continues pushing for reduced USD reliance, it might support ZAR strength long-term.
Commodity cycle: As a resource-rich economy, a commodities boom (e.g. gold, platinum) could strengthen ZAR.
Policy and infrastructure improvements in South Africa could also boost investor confidence and foreign inflows.
📊 Conclusion:
This is a major long-term top formation on USDZAR with:
Clear 5-wave completion,
Room for a deep correction (potentially 30–35% downside from current levels),
Strong technical confluence at the 11.50–13.00 range,
Fundamentals that could support ZAR strength over the next few years.
USDZAR LONGLong Position.
Based on the uptrend that has been there, and the chart patterns, confirmed by H4 Candles today, and the correlation with GBPUSD, there is a potential long.
Scaling in as we observe is my strategy on this one.
Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 18.42633
1st Support: 18.12402
1st Resistance: 18.77859
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