Double-Top Forms, Finds Strong ResistanceThe USD/ZAR price has formed a small double-top below the smooth descending trend. With the SARB decision and US GDP data coming up, I expect a bearish breakout below its neckline.Shortby crispus9Published 0
USDZARHi Fox,it been long And compliments to the new season wish all you profitable year ahead. Looking to take this trade to the supply zone on highs structure looks super solid 5th kiss on the trendline. Order flow seems to do ChoCh on 5m with just an SL below current Low. RR is Good even if it takes me out now I'm still gonna look for new entries to take it higher.by Nkulu_xhamelaUpdated 1
USDZAR SELLmight see usdzar going down after the sell off due to eskomShortby rasmarcusgarveyPublished 445
USDZAR As we all can see this is a clear break out of the trendline but it's not concrete enough for a buy biase so pls hold your horses guys we're gonna get the massive setup but it requires patience guys. VHT your mentor signing out ✌️ ✨️Longby Victor_Hunter_TurnerPublished 3
USDZAR Still waiting guys if I see a clear break of the trendline on the daily time frame then we buy guys. Right now we're sitting on our hands. Although I feel the market might come down and make a double bottom before going back up just apply caution guys. Ensure you see a clear daily engulfing candle stick before buying. VHT your mentor signing out ✌️✨️Longby Victor_Hunter_TurnerPublished 884
USDZAR- FORECAST, opportunity Might Come Soon!!Traders, if you liked this idea or have your opinion on it, write in the comments.Shortby Goat_IzzyPublished 2
USD/ZAR Outlook is Extremely BearishEmerging market currencies are likely to outperform the US dollar this year as the risk-on sentiment prevails. The USD/ZAR price has formed a bearish channel on the daily chart and a rising widening wedge on the weekly chart. Outlook is bearish for now.Shortby crispus9Published 112
Dollar gain strength again SA randUSDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70. We see a very clear price has reached the RS ZONE on 1H TM and 4H TM. We take longs just after few countable minutes from market open. Most preferable time will be 01h15 am +2 GTM Johannesburg time zone. Longby ipot-officialtraderPublished 7
USDZAR Completing ABC StructureHello Traders Here is an analysis of USDZAR. Currently, price going to complete wave B before continuing the uptrend for wave C. Safe trade guys Shortby MetxaPublished 5
USDZARI can see a break out and a retest of trendline could this be the end of the strengthing of the south African rand to the US dollars coment below and lemme see what you guys think. Happy weekend guys your mentor signing out ✌️ ✨️by Victor_Hunter_TurnerPublished 226
USDZAR Up or down ? Please do not use these as trading signals What do you think is it going up or down ? I still think the $dollar is going to crash hardShortby gazza_herhUpdated 0
USDZARThe South African has been resilient in battling constant blackouts in the local economy to hold up against major currencies such as the USD. Currently trading at USDZAR 17.23 there is sufficient room for the ZAR to rally on positive news. With the South African Reserve Bank (SARB) having increased the repo rate by 75bps in 7 consecutive monetary policy committee (MPC) meetings to the current 7% in 2022, 2023 outlook is whether the current interest rate differential between the ZA10Y & US 10yr will widen or narrow. The current market climate suggests the US Federal Reserve Bank (US Fed) is likely to start slowing their rate of interest rate increases to possibly pause around late Q2 given the continued fall in US inflation. In the case of the SARB, the fight against inflation is still head on as South African inflation reading is outside of the 3 - 6% SARB target range, currently at 7.2% from the last print. This would suggest a possible 50 – 75bps interest rate increase at the next SARB MPC meeting. Therefore there is a possibility of a widening of the interest rate differential between the ZA10yr & US10yr currently price at 637.2bps. The last previous low of the interest rate differential was last record on February 21 2018 which was priced at 503.3bps. Interest rate differentials are used by traders to spot the next profitable trade especially for a carry trade.by Exness_OfficialPublished 331
We’ve reached an extreme in the Rand’s valuation!The ZAR has weakened roughly 6% per annum against the USD since 1990. Using the pitchfork indicator we can see we’ve reached an extreme in the Rand’s valuation on the weekly chart. As the dollar finds normality I believe the Rand will strengthen and find its way back to it's mean, however I expect volatility in the shorter term.Shortby JaredBooysenUpdated 4
50-day MA brokeThe pair broke to the upside of the 50-day MA yesterday despite minimal loses in the DXY which shows that the move was largely based off rand weakness, yesterday. The 50-day MA will swing from a resistance to a support rate and I'm looking to catch a buy entry off the re-test of the 50-day MA, currently at 17.15. Short-term take profit zone between the 38.2% fibo at 17.40 and 17.50. (See my attached longer-term ideas)Longby Goose96Published 332
USDZAR - ObservationThe USDZAR is back to test the down sloping 50dma... Daily close above 17.50 will not bode well for the ZAR going forward. by Trader-DanPublished 7
USDZAR- almost time to buy....I see the USDZAR drifting lower towards 16.75 after the current bounce. From there I think we see more Rand weakness creeping in and potentially breaching the 50 day moving average at around 17.30. I am a buyer at 16.75 for a short term target of 17.30. Longby RobbyPUpdated 775
USDZAR top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long04:18by ForexWizard01Published 115
USDZAR Target Price 17.29495USDZAR Engulfing Candlestick Pattern; P (17.06); P (17.06); Longby TradeLive-Published 5
Oscillations around 200-day MA support (short-term)The rand managed to pull the pair below the 200-day MA, currently at 16.82, last week Thursday following the US CPI print. The pair is however finding support around its 200-day MA and the dollar strength in today's early morning session has seen the pair blast up to the blue 23.6% Fibo retracement rate of 17.12. The macro risk-on factors mentioned below are rand positive, but the technical indicators are not. The divergence on the RSI and the buy signal on the MACD have me leaning towards another test of the 50-day MA rate of 17.19 and a break higher towards the 38.2% Fibo retracement rate of 17.39 and the current yearly high of 17.44. The US CPI print for December added fresh wind into the risk-on sails as the CPI result was in line with expectations at 6.5% and 0.6% lower than November’s print. Last week’s lower than expected initial jobless claims coupled with the strong December non-farm payrolls data is also supportive of the narrative of a strong US labour market. On paper US inflation seems to be easing and its labour market is looking resilient which has the market optimistic for a ‘soft landing’ following the current rate hiking cycle. The current risk-on sentiment in the markets can also be seen in the early year gains for the S&P500 and Nasdaq 100 which has gained roughly 5.50% and 7.02%, respectfully, since the start of the year.Longby Goose96Published 222
USDZARWe see a break out and retest of the major support zone let's hope that this is a continuation of the bullish trend. There's a lot of money to be made here. Your mentor signing out Longby Victor_Hunter_TurnerPublished 4
Trap House by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts believe that the market discounts everything and that price movements, rather than fundamentals, are what ultimately drive the market. Technical analysts use charts and other tools to identify patterns and trends that can suggest future activity.0by kingdomseekingnowPublished 110
USD ZAR 4HR SHORTlooking to short USDZAR as seen on this 4hr chart. Price has been in a good down trend and we are hoping that we shall take part ih the short once the opportunity avails it self.Shortby SwingTradersfxPublished 1
USDZAR - early sell ideaWould be a nice entry if price completed a running flat, for example, like depicted on the chart. Lower is the obvious strong mirror level, that is likely to be tested soon. But going down from current levels would be to straightforward)). Pullback would provide for a better R/R sell entry. Trade safeShortby UnknownUnicorn3382580Published 114