Bullish run on the USDZARFollowing a tough week last week for ZAR and also coming back from a Shutdown, I for see ZAR losing more ground. I except the bullish run to last until 18.6400.
USDZAR trade ideas
USD/ZAR Price Turns BearishUSDZAR Has been in an impulse phase and it has been completed with no rules violated. We are in the bearish phase of the market, we have two counts going on where it could be an impulse in the downside suggesting a long-term sell-off or a short-term sell-off as a correction meaning we are trading in a wave (C) instead.
The idea of an impulse is a little complex but the idea would be to trade a wave 3 looking at the retracement it would make sense to target the 2,618. Correlating this pair to USDCAD we are more likely to have long-term sells but keeping an eye on the price level where a Zig-Zag pattern completes will be very important.
USDZAR is BullishThe bullion is on rampage against SA rand. Let wait for the market to touch on the buy zone/ demand zone with Finabocci retracement below 50%, which has golden zone, immediately after reversal will be entering on the buy zone.
Buy yI trust this will be inline with the ongoing national shutdown strike, however this is showing a nice buying setup
USD MXN | GBP JPY | DECRYPTERS HI people welcome to Team Decrypters
We are Bearish on Both pairs ( GBPJPY & USD MXN )
Both should give Decent selling opportunity and could be Trade of week
USDZAR (Head and Shoulder)After Showing a Bullish Trend, Bullish Divergence formed as marked on the chart. There is a Head and Shoulder pattern forming on 4H TF. You can Putt Sell Stop at 18.04301 and put your TP at 17.60271 and your stop loss at 18.55381.
USDZAR Neutral | Could go either way - 5% lower or higherSeasonality may be coming into effect in the next few weeks.
Which ever the case may be, it is never a stronger rand but rather a weaker dollar.
Historical, March is a period in which the dollar weakens a bit and markets rally a bit before a strong sell off through to April/May.
This should benefit the rand. I am neutral on this pair because the dollar is trading within a range/consolidating.
I've highlighted rejection areas and support areas as targets on either break-out/down for USDZAR.
After shorting this pair I took advantage a bullish moveI just love the way this pair is moving, after shorting this pair , I took advantage on the bullish move because this pair is been on up trend for so long.
Selling USDZAR on H1Selling USDZAR on H1, but selling against up trend, I won’t stretch my Tp far until sellers create a new low on H4.
USDZAR DAY TRADINGUSDZAR is one of my safe heaven pair, i trade it once in a while, here is my daily target for today, jump on the bag if you seeing this..
EXPECTING HEAD AND SHOULDERMAJOR TREND IS BULLISH, if you know Elliot wave, you know that waves have waves. we are in a bullish trend, market is doing wave 5 but wave 1 of wave 5 is completed now I'm expecting wave 2( has A,B &C)of wave 5, that is why we might have H&S pattern. when wave 2 is finished, market will continue going up.
NB: you are free to add your comment.
always use proper risk management.
to become successful trader you must be able to accept losses
UZI really hate that this is what I see but as a manager of capital, therefore feelings need to be cut out and discarded. (I am hoping to be wrong) Yet I see this and will wait for a right shoulder to complete. Then a break in the neckline, a last kiss and impulsive bullish candles then we find an entry and ride the whole way.
UZThis is very nice, because it is slightly textbook. Yet knowing the fundamentals of the country, we will break through any sell bias you can think of. One day my goal would be to push that price all the way to either less R5/$ for a dollar or even to 1:1. For now I just would like to set a realistic goal of under R15/$. With the right leadership and the fight in our hearts we could and we will and when it happens, I'll come back to this post and clap for us as a nation.
🫱🏿🫲🏿🍾👑😁
USDZAR- BULLISHEat the tail on 6 Months:
1.Also the smaller time frame ranging above the previous 6 months candle/Resistance
2.Dimond pattern as additional confirmation for breakout
Looking for and early entry at current price to manage risk, hence a breakout from the candle also is a good entry
NOTE:
For my Japanase friends Ichimoku is Fired up on Higher time frame
Waiting for 3 Pushes on 120/240
USDZAR shortsI see a strong move down on usdzar from weekly high down to equilibrium. long buyers should come to rest and selling momentum should increase.
USD/ZAR target hit at R18.48 & we have another dreadful target It pains me to say our USD/ZAR trade hit the take profit level at R18.48 and now it looks like further upside for the USD is on the way.
Another Cup and Handle has formed, which has broken above the neckline.
And if we place the stop loss below the handle, we get the next target at R19.71.
7>21>200
RSI>50
Target R19.71
With interest rates on the rise in America after Daddy Powell mentioned more upside to come, meanse investors will continue to invest in the US dollar with high income yielding assets like Bonds, Money Markets and High interest savings rates options.
As long as interest rates (or the fear of them) continue up, we will continue to see US dollar strength which will bring down many other exotic currencies like the rand.
USDZARprice created FOZ , and price is expected to drop after reaching the SUPPLY zone in the channel
USDZAR SELL OFF - INSIDE INFO (BTMM STYLE)Bull run extension over, Buyers trapped.
Massive sell opportunity right now.
My work speaks for itself
USDZAR Turning Bearish?Hi
A look at the USDZAR H2 chart, the price is bearish at 18.20, with daily momentum pushing down at that level.
The price could form a bullish low near 17.99 that sets up a bearish pullback either at 18.28 or 18.40.
Alternatively, the price could pull up from the current price level to test the 1840 level and fall. Monitoring is required. Risky!
A stochastic indicator shows that the overall trend is bearish, with a bias of 17.41406 and a price target level of 17.671.
USD ZAR Bullish TrendUSD ZAR in Bullish Trend
My is bullish trend continues.
I will take a long entry with the buy limit order.
Usdzar buy 1.1825Usdzar hitting top bolinger on daily and declines to test red support SCD band on daily.
Some buyers around here creating bullish engulfing on daily.
Buy 1.1825 let’s see if buyers will push price higher to test top bolinger on daily again.
If price declines more i will be looking for more buy setups around blue SCD band below.
South African President Elects New Minister - USDZAR SHORT (BTMMWe have a trendline breakout on the H4 + South African President Elects New Minister.
Ideal time to short this pair that's overbought.
