Sell USDZARUSDZAR is very bearish. The pair has been falling for the past weeks now. It's time to continue down.
USDZAR trade ideas
USDZAR-BUY strategy 4-HourlyThe previous update SL was executed @ 18.9150, and we moved further south. The RSI and stochastic are both low, and the key is GOLD behavior. I feel GOLD is overdone, which I believed to be the case on the previous update, but like a train, it did not stop.
Strategy BUY 18.8000-18.8250 and place SL below 18.7250 and take profit @ 19.0450 for now.
correction before continuationim waiting for price to finish correction then i will enter for the trade
USDZAR>>> Bearish?Hi, Hope you all are doing well.
There is a good opportunity on USDZAR for short.
Wait for retracement then we will look for short.
Good luck.
USDZAR-BUY strategy 4-HourlyThe pair has declined sharply, and perhaps a little more than expected. Now we have gone on the extreme other side, and likely we may see corrective action here.
Stochastic is low, and we are lower part of Kelner channel as well.
Strategy BUY @ 19.00-19.0750 and take profit @ 19.2150 for now (monitor it if we do not manage to go through mid-Keltner). SL @ 18.9150.
SELLS USDZARUSDZAR is in a resistance area, at 19.42019. am also seeing it has broken of a bearish flag. am expecting price to sell all the way to 18.90298. Always use proper risk management
usdzar sell trade the pair has recently broken down the support line of the rising channel and approached the 200-day moving average line at around 19.2734.
This indicates a possible reversal of the uptrend and a bearish outlook for the pair in the short term
USDZAR One last High before this 3-month rally is exhausted.The USDZAR pair made a 4-month High last week, extending the 3-month rally since the Higher Low at the bottom of the Channel Up pattern on July 27. With the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) supporting, based on the previous Higher High, the price has one last run to make before getting exhausted. Our target is the 1.5 Fibonacci extension at 20.2500.
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USDZAR SA economy is dodging bulletsUSDZAR tested the inverted head and shoulders neckline on 5-6 October
If this neckline breaks, the target is 21,17.
That means more fuel & food price hikes.
With interest rates looking set to continue rising into the future, SA consumers is in for
a hard landing.
USDZAR-NEUTRAL SELL 4 Hourly chartI feel we are nearing profit levels, and in fact I had first taken back near 19.4100 and then re-sold @ 19.58 again. So, my profit target of 19.2350-19.2400 likely will shift to BUY back 19.2700-19.2900 I think.
Strategy SELL @ 19.3800-19.4100 on pullback and SL @ 19.5050 (not too far away form short this time). Profit order @ 19.1850.
USDZAR Short trading opportunity(short-term) 16expect ZAR to strengthen against the dollar about 20 cents +-, I have opened a short position with the size of (50000USD), speculating that the ZAR to strengthen in the short term within a day or within a few days to 19.785+-.
Stop Loss is around 19.05+-, take profit is 19.785+- , the entry price is 19.00+-
Bearish Opportunities for USDZARHi there
I haven't done a setup like this in a long time; it's a classic SND approach. The price may experience an upward pulse, but if it rejects the QML level, it could turn strongly bearish, at least in theory. If it surpasses the QML level to establish a higher high, then the setup will be considered invalid.
The 18.20000 level is of significant importance, as it's thought to possess enticing yet relatively low liquidity, which could exert downward pressure on the price.
The theory of this setup revolves around the idea that when two lows touch the same area but break a previous high, it can trigger a low that pushes the price lower. The challenge lies in identifying this specific low.
For me, it seems like the bias could be around the 17.80000 mark. Best followed with strength indicators.
Wishing you a wonderful week, bye
K.
Short On USD/ZARThis is a short idea for USD/ZAR. Reaching the apex of a rising wedge. There is a high possibility of a breakthrough on the lower wedge pattern.
USDZAR Triangle on the Daily What we anticipate is a breakout higher, if this happens with candlestick confirmation we can anticipate a higher price level of around 19.85. Alternatively the price might find resistance now and keep trading within the triangle pattern.
USDZAR-SELL strategy 4 Hourly The pair did move lower from 19.3800-19.4100 suggested area to go short, and we only managed 19.1650-19.1700, and am assuming one took it back monitoring the pair.
Now we have climbed sharply once again on the back of gold not recovering as yet, even though it is expected it will overtime.
Strategy SELL @ 19.5500-19.5800 and take profit near 19.2350. SL suggested above 19.6475.
usdzar sell tradeThe H4 chart shows that the pair is overbought, as the RSI indicator is above 70 and the Stochastic indicator is above 80. This suggests that the pair may face some selling pressure or a correction in the near future
USDZAR short term buy.After a proper third touch on the upper resisting trendline then we expect the market to push down.
USDZAR-SELL strategy 4-hourlyThe pair has reached profit objective, and now feel we should be turning south. We got a falls bull flag pattern, and this suggest we should move back to 19.0800 area again.
Strategy SELL @ 19.3650-19.4150 and take profit @ 19.1150. SL above 19.4800.
USDZAR SellHey guys.
There is a nice sell setup on USDZAR.
Price has come up to important level that has been rejected twice.
The Stochastic/RSI indicator is also showing as overbought.
This is a longer term trade which could take up to a few weeks to complete.
Good luck and remember, risk management is key. :)
USDZAR- Likely BUY strategy Daily chartI was wrong yesterday, since the pattern felt we may see a move lower, and ignored the value of Ichimoku support on the 4-hourly chart. That is why SL is always part of the strategy and naturally the SL was around that 19.1500 mark, depending to individual entries, if indeed one shorted. Now we have established above trend line resistance, and we should monitor it whether it will hold or not. Stochastic is positive and suggesting higher levels to be seen.
Personally would stay on side lines, but if strategy is asked for, I feel BUY is more likely the case on the back of unexpected lower GOLD prices as well. BUY @ 19.20-19.2350 and place stop-loss below 19.1550 for now. Profit level somewhere 19.4300.
USDZAR-SELL strategy 4-HourlyThe pair looks moving lower based on the CLOUD conversion negative, and also the pattern resembles a "bear flag" and looks a bit like a hook, which tells me do not get hooked in a sense.
Strategy SELL @ 18.9250-18.9950 and place SL 1% above your entry level, and TP @ 18.7450.
I was busy on building some trading models, and got a but too much involved :) sorry for that dear trading view friends.
