ZARUSD trade ideas
USDZAR-BUY strategy 4-hourly chartThe pair has declined into the 18.50s and now establishing slightly above 18.6100 again.
The stochastic is low, and the regression channel gives room slight lower as well.
I would prefer not to rush into BUYING even though I think we will re-test 18.7400.
Strategy BUY @ 18.5350-18.5550 and take profit @ 18.7150 and SL below 18.4800 for now.
Unfilled orders tappingWe recently broke a supply area at 19.19152, this tells us buyers are starting to buy. Now we are tapping into the unfilled orders(demand area) at 18.53799.
Accumulation wedge into this area suggest furthermore that buyers are interested in this area. Now the objective of buyers is to break the newly formed high(19.19152). Buyers in control..
USDZAR - Rand consolidating 💲The pair continues to range between R19.20 & R18.20 and has formed a pennant pattern. As some point i expect this to break out with my bias to the upside as key moving averages are all trending up.
Only below R18.20-18.10 will the bearish case likely change for the rand.
USDZAR-BUY strategy 4-hourly chartIt feels we are overdone for this pair, but let's assume we may see lower a bit more. I feel stochastic is not too low, and we broke the channel support briefly as well.
We need to monitor the GANN support @ 18.6100 area.
Strategy BUY @ 18.5350-18.5500 and place SL below 18.4800 and take profit @ 18.7750.
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.
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
USDZAR-SELL strategy 4-hourlyWe abort the BUY for now without cost. The pair is dancing on the GANN support 18.8500 area, and a break means much lower levels to be seen. The pattern is also showing a kind of continuation pattern downwards.
Strategy SELL curerent 18.8500-18.9000 area and place SL above 19.0550 for. Now based on expectation, sharp move lower is possible so profit order maybe around 18.6550.
USDZAR-BUY strategy 4-hourlyThe pair broker 18.9750 which was my cut out point, when long, and as updated it would test 18.8700, which it did. Now we have bounced of GANN support 18.8100 estimated area (it shifts over time upwards). Stochastic is low, but not positive as yet, but I feel we will see higher levels again in coming sessions.
Strategy BUY 18.8500-18.8750 area (suggested), and place SL below 18.7900 for now. Profit order I feel somewhere @ 19.0250.