usdzar buy ideausdzar has been in an uptrend. dollar is bullish. wait for a pullback for a further move to the upside.
USDZAR trade ideas
The USDZAR Now in Intermediate DeclineThe USDZAR pair fell out of a parallel channel, bounced off the Pitchfork and backtested the channel. On its way down, it broke out of the major Pitchfork and also went below 20 June 2023 price, defining a cycle failure.
Currently we see price recovering the 200 day moving average at a point where a median line intersects a pink support trendline, this is within time window for a half cycle bottom in this pair, we now watch how price reacts with the mid-line while being aware that price action is within a falling wedge whose resistance runs parallel to the resistance of the Pitchfork.
If we overcome the mid-line we next look at the next line especially where it intersects the major Pitchfork. Where we get a strong reaction followed by a swing high will give an indication of a cycle high with expectation for price to go lower.
RARE FORMATION ON USDZARI call this a gem, I have not traded this pair in a year, but today I am doing some backtesting and preparing for the new week and I found this beauty so I decided to give her to everyone.. lol no hard feelings, we have over 100 pips here if you are a swing trader..
share comments if you see the same beauty.
USDZAR- NEUTRAL SELL strategy 4 HourlyWe managed to reached the price objective and we carefully have to see whether we break below 18.3800 (DC Mid) convincingly. If we do, we will attempt 18.1300 area again. For now am neutral, but would look at SELL opportunity only far higher since we are in negative mode.
#usdzarusdzar as just broke a mazor support which is 18.45170 and in a daily time frame is also a downtrend
USDZARAfrican Sovereigns: Deeper, Co-ordinated Debt Relief Needed to Strengthen Credit Profiles
Distressed African countries risk having weaker credit profiles for longer unless there are better co-ordinated debt restructurings. Any improvements need to overcome burden-sharing among more diverse creditor groups.
USDZAR-SELL strategy 4 HourlyIt starts looking boring saying SELL and SELL, but the issue is with these type of markets, they always go more than it should either way.
The channel is clear having resistance and support, and now we got confirmation for SELL stochastic negative and RSI as well. AO is SELL mode too.
Strategy SELL current @ 18.6500-18.70 and take profit @ 18.4350, and when broken through 18.4200 area we may see 18.2700 again. Stop-loss is a financial one, if one wishes to apply (and one always should).
Sell usdzar now!!As you can see from the image... Price has reached the roof of the trend 📉 once again so we will go short and after that we go long. Use proper money mgt😉
USDZAR- SELL strategy 4 hourlyI have underestimated the strength of the move, even though direction was fine. the pair is usually quite aggressive either direction, and that is why best to sit back until confirmation appears.
When we consider GANN resistance, and the high reached, we may see that there is a likely hood for a return back towards 18.2000 short-term. the stochastic is negative and the RSI starting to become.
Strategy SELL @ 18.45-18.55 (yes wide range and we have no choice this time) and take profit @ 18.2350 for now. The stop-loss suggesting a financial one that fits your budget.
USDZAR(SHORT)
1)Retest of breakout that occurred is now happening.
2)confluence level (meaning there more than 1 reason)
3) Thursday are reversal day by nature
USDZAR SHORTHello everyone, I'm bearish on the dollar, so I'm waiting for the price to reach my order block with my signature before moving towards the sell-side liquidity.
USDZAR change of direction USDZAR is showing a continuation of the downtrend since it has been diclining for three weeks ,
USDZAR-SELL strategy 4 HourlyThe pair had a strong run upwards, and my previous update suggested we reach 18.28, but I felt yesterday to exit @ 18.1500 as being enough fun.
Now we are overbought and above GANN resistance, which should not last, since it was to strong and quick movement. Great for profit taking, but everything comes to an end one day.
Strategy is SELL @ 18.2700-18.3200 and place stop-loss above 18.3650 for now. Profit order somewhere @ 18.0500.
UsdzarIt's been a hard year for ZAR against Dollar.The bullish continuation patterns finally broken weakening the Dollar.The bearish side order flow is currently visible. It's been a while since Zar challenged Dollar to this price.We could see further drop,ZAR gaining more strength till R16..
USDZAR-BUY strategy Daily chartThe pair does not seem to stay down, and the wide range we have seen advises us to play with larger P&L moves. That is why leverage should be low. Stochastic is positive and we broke resistance of the channel once again.
Strategy BUY @ 17.70-17.85 and take profit @ 18.27. Stop-loss perhaps below 17.4800 for now in line with the profit objective.
Potential pull backA potential ABC Correction spotted that has an ending diagonal as wave C, and after breakout we expecting an upward move. Marry it with your trading skills for a better return ratio.
USDZARPotential positive news about the US Jobs market,will be more interesting to see the start of a larger drop instead. orders placed on both outcomes playing out lets wait and see
USD/ZARHi Guys be ready if it reach our buy zone i will keep you posted....
Share my signals to your friend let them grow please .....
Good luck
USZAR-BUY strategy Daily chartThe weekly chart suggest we will see recovery upwards, but no confirmation as yet.
The daily chart has a range downward sloping channel between 17.2900 - 17.8350 area.
We are turning positive weekly chart stochastic, and the daily chart is, and AO is negative.
Strategy I feel, BUY @ 17.40-17.70 (yes, I know wide selection, but no choice) and carefully place yourself. Stop-loss below 17.2700 and take profit @ 18.38-18.45 area. Unfortunately, the pair has been trading dramatic either side, and just keep GOLD in mind. The chart on GOLD suggests we may see little lower gold price at first.
usdzarThis is a promising setup with low risk, using AMD, the price has already accumulated, manipulated. inwhich am expecting massive distribution. buy is the clear bias.but u can always trade what you see.
USDZAR-RANGE strategy 2-HourlyThe pair had moved up, but speed was unexpected. It stalled @ 17.9800 area, and if one would have used the 2-hourly, one would have been short after stochastic breakage.
The range we trade within is very wide, and makes it difficult for trend trading, but noting daily chart still sees potential 18.4500 and higher. The 2-hourly chart suggest we see little lower again, back towards 17.4700 area and strong support 17.4000 now. Gold is steady, and this should assist in being LONG the pair, if one chooses to be. Cloud resistance @ 17.7800 for now.
Strategy based on 2-hourly chart is RANGE trade within the space of 18.00 and 17.40. I would prefer to BUY at lower levels @ 17.50-17.55 area and take profit @ 17.9800. Daily chart should BUY between 17.50-17.75 and take profit @ 18.3700.
