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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR-NEUTRAL RANGE strategy 4-hourly chartThe pair has indeed broken through the expected 18.8500 area, and the scenario played out well. the decline did not go a sharp as I wanted it to be, as the 18.6500 has not met as yet. The parallel channel shows we have a range of 18.6700 - 18.8900 and this will be the paying field for coming sessions is my feel. Ultimately we should see 18.6000 GANN test I believe. Strategy BUY @ 18.7250-18.7400 and take profit @ 18.8875 with SL below 18.6550. OR Strategy SELL @ 18.8850 - 18.8650 and take profit @ 18.6850 with a SL @ 18.9450.
by peterbokma
A possible reversal before taking of to 19.10 againOn the H4 chart the price movement confirms that there will be a pullback on rand against yhe dollar to 18.717... yhen the price will look up on 19.10.... for a retest to give the market a sideways movement for the next 5 months... On the other side the H1 is showing a break for the bulls on the moving avarage and giving the price strength to push up with the dollar and against the rand...so the next high price on yhe rand against thedollar will be 19.10... for the coming week then anything can happen from there.... "Sideways or Drop with rand on dollar moving to 18.10... Keep your eye on this one for your profits in greens
by SMR_Analytics
USDZAR-SELL Strategy 4-hourly chartThe previous update viewpoint provided the right feeling of upside potential, and depending to one's action, one may have sold within this 19.12-19.1500 area. SL are always in the hands of the one trading, and in this case we did have a high of 19.2075 area before retreat. My idea was stop above the previous high, and this translated around 19.1950 area (100 pips above the high before). This of course, based on the driver of the seller. Strategy for now, is unchanged, and we SELL into strength, and since we ran upwards, I feel our SELL or additional SELL should be near 19.1750 or higher. the GANN resistance is 19.2350 area (and shifting upwards each new candle stick of 4-hourly. so SL above 19.2500 for now. Profit order unchanged @ 18.7350.
Short
by peterbokma
USDZAR: ABC Pattern Indicates Bullish Setup Hi there, There's an ABC pattern forming in the USDZAR H1 time frame. AB appears to be a correction in a bullish trend that continues in higher time frames when viewed over a stochastic indicator. Therefore, BC is expected to continue the bullish XA wave, reaching an approximate price area of 19.31196, with 19.08984 as the first price target when applying a Fibonacci retracement tool. If the price falls below the recent low of 18.46243, then this setup will be invalid. Happy Trading K.
Long
by Khiwe
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