USDZAR-BUY strategy 2D CHART GANN The pair looks a BUY from a medium-term perspective. we have lower RSI area and also a positive MACD and Fisher form, and others. There are some short-term pressures downside, but overall picture feels we may see movement back towards 18.40s in the medium-term.
Strategy BUY @ 17.7500-17.8150 area and take profit near 18.3750 for now.
ZARUSD trade ideas
USDZAR-NEUTRAL BUY strategy 6 Hourly chart GANNThe pair made a sudden rush upwards, whilst we have negative USDX and other currencies and stronger GOLD. This places caution on BU*Y side, however noting we are improving on the pair its USD value stance. The resistance 17.8150-18.8500 and 18.9500 are the areas to watch.
Strategy BUY @ 17.7350-17.7650 and take profit near 17.9350 for now.
USDZARUSD/ZAR – Bearish Outlook Supported by COT Data 🐻
USD/ZAR is under pressure as emerging market currencies gain strength and the dollar softens amid shifting Fed expectations. Recent price action shows clear lower highs and rejection at key resistance levels. Conclusion: USD/ZAR remains vulnerable to further downside as both technicals and COT positioning confirm a shift in sentiment. Look to sell rallies toward resistance levels.
USDZAR-SELL strategy 12 Hourly chart GANNThe pair remains under pressure, even though we are oversold (not extreme, but getting to become). I am cautiously suggesting SELL strategy due to the reason we are on the verge breaking down through the major support level, whilst we are protected 17.7150-17.7450 area.
Strategy SELL @ 17.6950-17.7350 and take profit near 17.5875 for now.
USDZAR-BUY strategy 3-Daily chart Reg. ChannelThe pair has after all moved little lower, and I became hesitant bailing out of the SELL. Now that we have moved lower, and considering its oversold status (reasonable), we should start considering the BUY strategy for a medium-term basis.
Strategy BUY @ 17.6675 - 17.7350 and take profit near 17.9750 for now.
USDZAR - SELL strategy 3 hourly chart GANI am back from my travels. the pair is under pressure and I suspect we are going towards 17.70s.
The stochastic, MACD etc all are providing weakness to the pair due to the SELLING pressure, and further, we are below CLOUD cover as well.
Strategy SELL @ 17.9000-17.9500 and take profit near 17.7350 for now.
USDZARIn Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.
USDZAR-BUY strategy 6 hourly chart GANNI am traveling, and able to update too regularly.
The pair has seen lower 17.80s and established itself whilst GOLD is retreating. Considering GOLD may correct down further, the pair has room upside, and in fact indicators are suggesting we may see 18.1500 area near term.
Strategy BUY @ 17.8675 - 17.9000 and take profit near 18.1350 for now.
3rd touch after Fallout after Truth about South Africa revealed.Despite the MSM's denial about the white genocide in South Africa (no one can honestly deny that whites are murdered because of owning productive farmland now); and with Zimbabwe as a cousin-example, which mirrors black on white hatred, the truth is out now. Investors will react accodingly.
I'm looking for a bounce off the 14-period/3-month EMA, which will act as a magnet. It's unlikely that change will come without initial implosion.
USDZAR-SELL strategy 90 Min chart Regression channelThe pair is under pressure, and considering the USDX I think we will see lower over time. I have aborted BUY strategy (even-though NEUTRAL stance) and am going back to yesterday's sell idea.
Strategy SELL @ 18.0350-18.0750 and take profit near 17.8875 (as yesterday)