USDZARprice is on a downward trend on the H4 timeframe and we are waiting for it to test our supply area and also the trendline is indicating that price is making LL and LH
USDZAR trade ideas
How to position yourself better in the market !Positioning is one of the most important part of trading before taking any trade so i will be showing how i look at market positioning .
N.B My voice sounds choked am blocked sorry for that hope you enjoy the video guys!!
Rand to feel the carry trade squeeze The rand held up well despite the spike in volatility over the past two week however the macroeconomic back drop does not bode well for our local unit. The carry trade is unwinding forcing investors to close their Yen shorts which is the cause of the massive spike in volatility.
The Nikkei is down 8% while the USDJPY has already dropped another 2% in early morning trade, this is not normal behavior. The rand is a risk-on asset and market sentiment is aggressively swinging to risk-off sentiment which is rand negative.
The support at 18.12 is holding its ground and if the rand fails to pull the pair below this rate it will signal that the rand post-election rand strength has petered out. The pair is currently testing the resistance rate at 18.37 and a break above this level will see the pair break the downward channel to climb and test the 200-day MA at 18.62. If the current stress from the unwinding of the carry trade persists and we see a continued sell-off in risk assets the rand will soon find itself testing the downward trend line around the psychological 19.00 mark with a move towards 19.35 firmly on the cards.
USDZAR-SELL strategy 3-hourly chart Heikin AshiThe pair is in negative territory, Heikin Ashi shows downside pressure and stochastic is negative a well. The AO is RED period, so also signifying similar direction as the stochastic does.
Strategy SELL @ 18.4000-18.4750 and place SL base on financial stop. Profit level @ 18.2350 for now.
trend following breakout & retest1.Bullish trend - the trend is a bullish one which is a clear indication that buyers have overwhelmed the sellers and are in control
2.Breakout & retest- the B&R shows that buyers are still in control and the candlesticks is showing the continuation of a buy
Direction- Buy
USDZARWaiting for
price to return back to Daily OB Then going long AGAIN
At the end of the day all of this is Vanity
seek first the Kingdom of God And all will be added unto you
USDXZAR-NEUTRAL SELL 4-hourly chart Heikin ashithe pair has had extreme ranges, and of course major reason is the unwinding of JPY crosses. I see JPY correction, and therefore I suspect the pair will move lower to 18.1500 again.
Strategy SELL 18.3900-18.4300 and place SL as per your risk appetite and profit let;'s say @ 18.2150.
USDZAR-SELL strategy Daily chart Heikin AshiNo change in view. This the pair has downward pressure, signified by stochastic and other indicators.
We have resistance above 18.5300 and the support area is 17.7700 area, and it will attract slowly that direction, is my view.
Strategy SELL @ 18.2150 - 18.2850 and place SL based on financial SL.
Profit order @ 17.9150 at first.
PreFed ZARThe rand has been on the back foot in the second half of July despite the broad based dollar weakness which has seen the USDZAR pair touch a high of 18.53. The rand has however managed to pull the pair back below the 50-day MA rate at 18.30. The critical level to watch is the blue resistance range between 18.50 and the 61.8% Fibo retracement level of 18.56. A failed break above this level will allow the rand to pull the pair back below the 18.00 handle towards 17.80. A break above the 200-day MA at 18.64 will however invalidate this move. The break out of the rising wedge is rand positive as well as the fact that is managed to close last week below the 50-day MA resistance rate.
Pre fed Zar 4hPossible double top on the 4H in the blue resistance range between 18.50 and the 61.8% FIbo rate at 18.55.
There is also some divergence on the RSI which supports a downside break out of the rising wedge. Lots of event volatility this week as highlighted in the daily timeframe idea.
USDZAR-SELL strategy Daily chart Heikin AshiThe pair is stagnant locked in a tight range. The stochastic is negative, and 4-hourly chart shows we may not go very far currently. GOLD is higher, so it appears we should lower levels again near term.
Strategy SELL @ 18.2350-18.2850 and take profit @ 18.0150. SL maybe @ 18.3450.
USDZAR Poised Before NFPWe would like to see usdzar price drop to around 18.03 as it trades within a symmetrical triangle and then shoot up from there. Hopefully, price can reach 18.03 before NFP< this would guarantee our buys. Lets hope price rejects 18.26 and falls down to 18.03 before NFP.
BULLISH SCENARIOAs we have explained our views on this pair in the past few days, we think its setting up a bullish move and we think, she's done with the correction pattern (FLAT CORRECTION), the next move is upstairs.
Until then, we wish you all the very best
USDZAR-BUY strategy 4-hourly chart Heikin AshiDifferent charts have different uses, like Renko chart is a non-time related trend chart, whilst Heikinn Ashi can use to spot short-term changes nd direction.
That is why SHORT TERM I see BUY signal for the pair. The stochastic is turning positive and Heikin Ashi shows we have a likely reversal.
I re-instated BUY @ 18.1850-18.2350 and take profit @ 18.3950 for now. SL let's say 18.0950
USDZAR-SELL strategy 4-hourly RENKOThe pair is under pressure and observing AO and also the below Renko support levels, we should see test of 18.0000.
Strategy SELL @ 18.2150-18.2500 and take profit @ 18.0150 for now. SL above 18.4350.
USDZAR-SELL Strategy 3-hourly Heikin AshiWe are nearing support areas, and the stochastic (and other indicators not shown), are showing similarly the potential of some recovery. I feel we have two strategies here:>
1. SELL @ 18.3750-18.4000 and place SL @ 18.5150 and profit order @ 18.1750
2. BUY @ 18.2150 - 18.2250 and place SL below 18.1650 and take profit @ 18.3850
USDZAR-NEUTRAL RANGE 4-hourly chart Heikin ashithe pair has climbed as expected, and now we are approaching resistance area of the regression channel. we are battling GANN 18.4500 area and its important to note that a move beyond will open 19.0000 approach again. the weekly chart shows potential of 19.3500 in the medium-term, but not confirmed as yet.
Strategy play in the range 18.1750-18.5350 for now, with neutral stance at current price 18.4500.
Live Trade: USDZAR Short SetupIn this video, I breakdown my current position I'm holding on UsdZar to give you an idea of my thought process from HTF down to the 15M execution.
Bullish reversal off 50% Fibonacci support?USD/ZAR has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance.
Pivot: 18.2155
1st Support: 18.1280
1st Resistance: 18.4373
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Anticipating a dropPrice has been bullish until the 4h fair value gap got triggered at 18.50000. Now we have a bearish sentiment, because price swept the 4h liquidity before the mitigation. To strengthen this scenario price has cleared the swing low to give us displacement, we are now looking for a flip that will make a sweep and simultaneously mitigate the rejection block at 18.38950 for bearish positions. This rejection block resonates with our 4h fair value gap, however, we should be wary of the unmitigated zone above. Fundamentally USDZAR is expected to trade at 17.00000.
Looking to risk 600 pips in order to accumulate 3000 pips…
USDZAR-BUY strategy 4-hourly Heikin AshiThe pair is under pressure, and since GOLD may reverse a bit again, we should expect lowers level short-term.
For now, strategy BUY @ 18.1650-18.1850 and take profit @ 18.3750 and SL below 18.1250 for now.
USDZAR Temporary BearsUSDZAR looking to test 18.164 and rise slightly toward 18.354 and then finally drop from there, exploit this bearish move towards 18.164. Good luck
