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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR Short trading opportunity(swing-trading) 5I expect a swing of about 70cents+- all the way down to R17.50+- per dollar, expecting the ZAR to strengthen in the short term within a month or so to 17.50+-. If the USA Federal Reserve starts cutting interest rates or at least give solid indication it is about to soon then it could signal that the dollar might weaken a bit for the ZAR to strengthen against it as massive amounts of money moves around, the South Africa presidential elections although more chaotic this year still seems to put the ANC in favor, and generally in the short-term (or rather more than 50% of the times) the elections have had a positive effect on the ZAR in the short-term. My only risk here is that if the target is not reached I will have to move money overseas in a more unfavorable conversion ratio, so I am not risking money directly but rather in a way indirectly.
Short
by ricomister
looking at shorting opportunitiesUSDZAR WEEKLY chart We have been in a bullish trend and price made a new all-time @19.92392 high which is relevantly close to the pre.high @19.35768. Price is currently consolidating at this price level of pre.high area. We now have to pay attention to price behaviour at these minor swing areas for signals to take trades from. We have two key HL areas to look for buying opportunities from respectively: 18.10895 Which is unlikely to hold as price has retested this area previously several time & 17.42504 as this is a fresh area we expect price to rally from this area. This rally will be fuelled by the increase in positions of the sells that will enter the market as price breaks out of the consolidations low and signal a change in trend. We will be looking for selling opportunities to get price to the untested minor swing low @17.42504 for better buying trades and considering the gold relation with the Zar currency. We want to see gold maintaining its bullishness for this to take place and for the US dollar to be weak.
by cpointfx
USDZAR ANALYSIS FOR THE WEEK (starting 20/05)USDZAR has been bearish for quite some time now, breaking several structures downwards too. On both the weekly and daily TFs you can see some imbalance downwards which seems to be attracting the price further downwards to demand. From what I can see on the 4H - price has actually respected previously created blocks, especially after the most significant break (the one that broke the low on the daily) making me wonder whether it’ll continue to do so while continuing it’s downwards push to demand. USDZAR is bearish and I’d only short. TP1: 17.86800 Final TP: 17.66375
Short
by saintprincevvs
1
USDZAR-BUY strategy 4-hourlyI cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future. It is hunting for lows, and this may remain until GOLD establishes a recovery mode. Strategy BUY @ 18.1150 -18.1350 and take profit @ 18.3750. SL below 18.0650 for now. I prefer to keep it tight to re-enter in case.
Long
by peterbokma
2
Daily Breakdown | The Modern Day TraderHi Everyone! My name is Sam and welcome to my first daily breakdown. In these sessions I'll be analyzing the 4 pairs on my watchlist GBPJPY, US30, USDZAR & EURUSD. Today I give a brief introduction to myself and my trading style which is an adaptation of ICT and then proceed to breakdown each pair. See bias below. DXY - Bullish. GBPJPY - Bullish, On watch for long entries. US30 - Bearish, On watch but needs further development to consider short entries USDZAR - Bearish, On watch but needs further development to consider short entries EURUSD - Bearish, On watch for long entries (Confusing I know but watch the video and it will make sense)
by The_Modern_Day_Trader
1
U.S Macro Supports ZAR MomentumDespite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum. We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's momentum until the end of Q2. A momentum break of 18.27 will spur price action toward 17.95 and 17.78 if the stars align. However, I'm cautious ahead of the recent shipment of weapons from the U.S. to Israel this week. This will add further tension in the Middle East if Israel aggressively pursues the Rafah Region. However, we may remain range-bound below 18.60 to 18.20 in the present macro environment. Keep in mind that April and May data will show a level of skewness due to loadshedding suspension ahead of the elections.
Short
by Shiven_80eight
USDZAR-BUY strategy 4-hourly chartI have been traveling, and still am. Market has moved the pair far lower than I previously suspected, due to the fact I felt GOLD should move lower, and the opposite happened. Now, stochastic is very low, and other indicators suggest we may see a turn around the corner. Of course, at the same time, we are near support 18.3750 and below would open the direction towards 18.2000 support. Strategy BUY @ 18.3700-18.4000 and place SL tight below 18.3450. If executed, we BUY lower @ 18.2650-18.2800. Profit order @ 18.5350 for now. This is GANN resistance area.
Long
by peterbokma
1