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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR ForecastPrice is trading in a nice Zig-Zag correction pattern in the bearish direction. We can expect a last drop before the next buys as a wave 3 for a bigger degree. One thing to focus on is the potential level at which the price might reach to( golden Fibonacci levels). Understanding that waves A and C are often equal can help us identify a potential turning point of price. Judging from the wave A move which was a fast-paced price action we can tell that wave C will be a slow and choppy-moving price action.
Short
by Weshareio
4
BUY USDZARUSDZAR saw a strong surge of bearish movement this past week, which almost had me thinking price would crash to 17 points. Let us keep in mind that the overall trend for this pair is bullish. Here we observe that price is rejecting local support 18.4. H4 structure is not clear at the moment but from my experience, I predict a bullish flag which will break out using a double bottom to the upside 21+ points. For now, let us take profit at local resistance 18.7.
Long
by Technical_AnalystZAR
1
USDZAR BULLISH ORDERFLOW :EXPANSION TO THE UPSIDEGood day once again traders on USDZAR we are trading an expansion to the Upside,If you look at the bottom of the chart you will see that the sellside liquidity was taken out and the market gave us a bullish market shift so we expect the market to shoot up to the Buyside liquidity.as you know, on an a bullish market downclose candles are suppose to keep price from going lower so we will be executing our entries on the bearish OB. risking 0,77% for 5%.GOOODLUCK!!! Entry:19.04689 SL:18.88690 TP:19.92525
Short
by Mokgethoa_MK
2
USDZAR-SELL strategy 4 Hourlythe pair has a strong rally during my trip overseas. This on the back of a weakening gold price and breaking levels. Now we are within a wider (GANN) band with downside pressures. We are below 19.3600 and next GANN support is 18.4300 area. The stochastic is in the lower end, and RSI negative too. I feel we may see little pullback, but is an opportunity to SELL. Startegy SELL @ 19.1500-19.2500 area and take profit @ 18.6700 for now. Stop loss maybe some where @ 19.3800.
Short
by peterbokma
USD/ZAR upside to R21.72 after a resistance breakout Rev C&H has formed on the USD/ZAR. If we get a slight retracement back it could be forming a Right shoulder to an Inv H&S. Regardless, this looks bearish for the ZAR and bullish for the USD. Other indicators are showing upside to come for the greenback. 7>21>200 RSI>50 Target 1 will be R21.72. Ouch for the rand. The government and load shedding is really messing with the economy of this beautiful country of opportunities and diversification.
Long
by Timonrosso
3
USDZAR The South African rand was weaker in early trade on Thursday, ahead of U.S. jobless claims data that could give hints at future interest rate hikes by the Federal Reserve. At 0608 GMT, the rand traded at 18.3800 against the dollar , around 0.33% weaker than its previous close. The dollar last traded at 102.080 - around 0.06% stronger - against a basket of global currencies. "(The dollar/rand exchange rate) is strongly biased downwards this morning but has struggled to gain any momentum and the multi-week trend still looks like it is over," said Rand Merchant Bank analysts in a research note.
by FXTJOSH
1