USDZARThis is a nice running triangle, and will be a valid one should it break lower and should it, I hope for entry information
ZARUSD trade ideas
we wait for the price to tap the demand zonewe wait for the price to tap the demand zone, then wait for a buy confirmation, then we pull the trigger!!!
USDZAR-NEUTRAL SELL strategy 4-hourlyI am back home again from travels, and it seems the pair remains locked in within a range. BUY side works little bit and so does the SELL side. Looking at GOLD recovery and negative stochastic it is safe to short instead of long, at least that is what it feels like.
For now SELL @ 18.6500 and place SL above 18.7100 and take profit @ 18.3350.
USD/ZAR SHORT(SELL) TRADE IDEALooking at the USD/ZAR on the Daily timeframe , the Market has been retracing from the previous weeks Low , we will be looking for a retracement to retest the recently formed Daily Demand Zone , which also confluences with the retest of the inner 1hr/4hr Demand Zone , we will take into consideration the movement of Gold and also the movement of DXY , on USD/ZAR the Quote Currency ZAR has a bit of a correlation with Gold as South Africa is one of the largest distributors of Gold around the world distributing roughly 6.37% of Gold
USDZAR-BUY strategy 3 HourlyThe pair has difficulty moving lower, and GOLD has declined a bit as well. The stochastic starts turning positive, so am expecting a spike to 18.9500 testing 19.0000 maybe.
It is difficult to say, but best chance is upwards I feel. I am traveling so non committal right now.
Strategy BUY @ 18.7000-18.7350 and place SL below 18.6000 and take profit @ 18.9675.
EM Markets Fiat Papers Are Made To Eventually Become Worthless Sought Africans need to understand regardless of which color they are, if they can not stop the hatred versus the white people or vise versa. Given the economic hardship ahead of us that form of state will eventually collapse sooner than later.
The global situation we are in is like little fires everywhere, I will start with Turkey to collapse first followed by Pakistan and Sought Africa. Which country do you think will blow up first amid coming deflation crisis (recession) ? how do you think about Italy, Spain, Portugal and Greece ?
previous analysis:
Regards:
The para-bearish short seller.
#USDZAR stuck between 18.95 and 18.20. USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20.
Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing break above or below the two levels will be needed to force a move in either direction.
USD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone.
Descending channel
💲 Entry Point : 18.60968
🟢 TP 18.30345 🔴 SL 18.76349
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Disclaimer
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USDZAR-BUY strategy 4-hourly chartIt feels the tide is turning, and this negates the previous update with SELL idea in the 18.7150-18.7800 area. Now I feel we should be expecting higher levels, as we have broken GANN resistance 18.7800 area and a slightly positive stochastic. Gold lower also helps to see higher levels. Once we have reached higher, we start SELL again. Now a moment of BUY is my recommendation.
Strategy BUY @ 18.7600 - 18.7800 and place SL below 18.6800 and take profit @ 18.9700.
Tricky btu definite buy for USD/ZARA clear bullish move is in set for USD/ZAR in order to fill that massive imbalance on the left side. Wanting to enter off strong demand zone where we can see price react off of and consolidate in the past.
Watch out for the liquidity depicted by the arrow. Only enter if there is a slow move to entry otherwise price may want to first capture that liquidity.
Hope everyone is having a great new years!
USDZAR SELL CONTINUATIONThis is an active trade, entry should be from that bearish breaker block , we wait for price at higher time frame point of interest below 👇🏽
POSSIBLE LONG TERM BEAR MARKET ON USDZAR AFTER "SH" AND "BMS"A possible sellers inducement triggering more sellers that trade breakouts/ early sellers , so my view is we wait until the fake out plays out to the upside inducing more buyers and we wait for a better entry but after a confirmation of a SHORT on a LTF for a long term bear market... maybe ZAR might melt down to a 15.00000 W1 TMF
USDZAR-SELL strategy 4-hourly chartThe pair did move higher as expected, the fun would be if one managed to get long of course. Now we are at the higher end again, and it feels we may start toppling a bit coupled with stable GOLD likely to settle where it currently is now.
Stochastic is negative as well and helps to idea.
Strategy SELL @ 18.7250-18.7800 and place SL above 18.8950. Profit order @ 18.4950.
USDZAR-BUY strategy 4-hourly The pair has moved sharp upwards again, and this on the basis of stronger USD and also weaker GOLD price. On my last update I was neutral, as there is no clarity, and same as now, it is not picture clear. However, there may be more upside potential due to the fact we have broken triangle resistance. I am not keen personally to venture this moment anything, and my ideas are more suggestive.
Strategy BUY @ 18.4750-18.5000 and place SL below 18.3500. Profit order near 18.7450.
USDZAR IS BEARISHHey Traders, USDZAR Pair is on the downward trend, based on the 4HR Timeframe and confirmation of 61.8% Fibb Retracement is within the Golden Sell Zone, will wait for reversal candle and then we enter, Enjoy your Profit.
USDZAR sell setupsam hoping to see a drop on the currency pare because of the strength of ZAR compare to USD
Could 2024 be coming with Rand strength against the US Dollar?In April 2022, major institutions sold the Rand off when it was trading around R14.40 ~ R14.80 against the US Dollar. Price proceeded to print a steep rising channel capping off close to R19.92 with a shooting star and a beautiful bearish engulfing candle that closed the first week of June 2023 below R18.70. This was an indication that Rand buyers that were sitting around the R19.30 level in April 2020 were still awake.
Looking at price action after June 2023, we can see a change of character in price by way of printing a lower low and lower high, signalling potential further strengthening of the Rand against the US Dollar. This will be confirmed once the USDZAR pair starts trading below R18.00 in the coming year as we traded bearishly throughout December 2023 and closed the year below the 50 Week EMA.
Once the rate drops below R17.40, we could see the short term downward target of R16.20 being reached, with the medium to long term target sitting at R14.80 to rebalance the market after the institutional demand of the USDZAR in April 2022.
If however, R18.00 remains strong support, we could see one last push by the US Dollar Bulls above the 50 Week EMA to levels beyong R19.70 potentially pushing the exchange rate to R21.00.
Current sentiments: Bearish on the USDZAR with neutrality taking over if we trade above R18.80 in the first half of 2024, and bearish sentiments will be completely off the table once the pair trades and holds well above R19.70 as the probability of reaching R21.00 will be in play.
USDZAR-NEUTRAL 4-hourly chartThe pair has declined sharply, and we have a hammer bottom. the stochastic is negative and has more room to move lower. We are well protected @ 18.5600 resistance and likely we will attract 18.0500 short-term.
I prefer NEUTRAL stance, since selling here may not be beneficial on possible pullback.
If once likes to venture, strategy is SELL above 18.4500 and place SL above 18.5600 and profit order @ 18.0700.
USDZAR to Go BearishWith top-down analysis revealing a bearish BIAS on the USDZAR price, there are essentially more confluences confirming the bearish strength.
The price is appropriately moving in an ascending channel in this HTF DTs scenario. Price is now in an LTF corrective structure as a result of what I see as price forming impulse and corrective structures as it moves down to the lower TFs.
Consequently, I am holding off on looking for an entry until I see a breakout followed by a continuation of the corrective structure in a LTF.
USDZAR. 2024, Going Long 2024 is going to be the defining year. Technical trend lines on daily and 4-hour charts are showing the potential to go long. Other factors which are fundamentals are the upcoming crucial elections. I see a Rand crash post elections
USDZAR-NEUTRAL BUY 4 hourlyThe pair is near a dangerous bottom roughly @ 18.2950, and should be respected to see higher again. If we consider GOLD to remain high with a tendency to go lower, the pair will be good value to buy again. Stochastic is negative and low, but not extreme, and gives room for further declines. that is why am NEUTRAL with a BUY.
Strategy BUY @ 18.2800-18.3150 and place SL below 18.2650 (judge it carefully) and take profit near 18.5575.
