USD/ZARHi ,,, every body listen to me : overall I am bearish on USD/ZAR but in swing trade i think you should long that in 16.94-16.97 to gain approx over 5 percent from pull back ...
Good luck
ZARUSD trade ideas
USDZAR-BUY stratergy 4 HourlyThe pair moved lower as expected, but it was a rough ride up first before down.
We are getting little over extended, and the AO is GREEN (Buy) and the stochastic is postive. The RSI is negative still.
Based on overall picture and DC support 17.8000 I feel we may attempt BUY side again.
Strategy BUY @ 17.85-17.8800 range and take profit below mid-DC resistance 18.0000. Stop-loss let's say 17.7925 for now.
USDZAR IS LONGBased on the price action strategy, 15Min timeframe, the USDZAR pair is on the uptrend
USDZAR ShortThe highest level USDZAR reached within this range, was a liquidity sweep strategy before the actual short positions are placed. USDZAR could go below the 18.0000 level by the end of July
USDZAR Short IdeaPotential Sell on USDZAR, Downtrend and rejection from 18.144 zone. Could expect further downside.
SL: 18.19
TP1 : 17.898
TP2: 17.77
TP3 : 17.698
USDZAR-SELL strategy 2 HourlyThe pair has resistance @ 18.1300 GANN area and stochastic and RSI are negative for the pair. We are protected by the GANN resistance and it leaves open the door for further weakness again.
Strategy SELL current @ 18.0300 - 18.0375 and take profit @ 17.9375. Stop-loss @ 18.1350 for now.
USD ZAR SHORTSo basing in the trend and the technical analysis we are shorting USD ZAR. Let's see how the setup will go.
USDZAR Finding Support on PitchforkThe USDZAR found support on the lower point of the Pitchfork & could not continue to the 200 day moving average, the expectation is price to begin trending upwards, the black and the pink lines form a parallel channel within the pitchfork, price fell out of that channel & where the black meets the pitchfork line is an interesting place for price to consolidate (double resistance) before another attempt higher. Given time, we expect the trend to support the Rand firming over the medium term.
We must also be cognizant of the environment, recession figures will begin to feed into emotions, so a US dollar spike is not out of the question resulting in a hit on stock markets.
USDZAR Monthly- 💲💲💲The ZAR has so far strengthened 10% against the mighty dollar since the June 2023 peak.
Next major levels of interest are R17.50 & R16.70
The R15.80-R16.70 zone will be a great area to accumulate dollars imo..
Above R18.70 will change the picture in the short - medium term for the ZAR longs
USDZAR-BUY strategy 4 HOURLYThe pair has been excessive sold down like all others, and if not worse.
Technically LOW RSI oversold status and aroon turning a little suggesting the pressure down is decreasing.
Strategy BUY @ 7.9055-7.9150 and take profit @ 18.1200.
USDZAR analysis with the rand to strengthen to R15.90?Right off the bat, I normally get short analyses wrong with USD/ZAR.
But the system is the system, so I have to keep to the rules.
Since the trade hit my first target at R18.90, it's been forming an Inverse Cup and Handle.
Now the price has broken below, which means the USD is likely to weaken from here.
The indicators however are conflicted.
7>21 (about to cross)
Price >200 - But the price could also drop below it entering a downtrend
RSI<50
Target 1 for this analysis is an absurd R15.90.
Let's see how this plays out. For argument sake, I hope it's right this time. Paying 27 US Dollars for 2 Prime cans was not the best investment of my life. And I know, I got ripped off!
USDZAR - 200dmaUSDZAR has arrived at the 200dma after tagging my top side level of R19.13
Will need to see how it reacts here today and tomorrow. R18.43 needs a retest.
The 200-day moving average is a technical analysis tool that helps investors and traders determine the overall market trend. It is calculated by taking the average closing price of a security over the past 200 days (or 40 weeks) and plotting it on a chart. The moving average can give traders a sense regarding whether the stock is in an uptrend or downtrend. When the price of a stock is above its 200-day moving average, it is generally considered to be in an uptrend, while when it is below the 200-day moving average, it is considered to be in a downtrend.
USDZAR-BUY strategy 4-hourlyThe pair has been battered and this due to a combination of US CPI and firm gold price.
The pair starts showing a pause and turn signal, and this suggest we should see corrective action soon. Low RSI and positive stochastic helps in this great demise.
Strategy BUY @ 18.10-18.15 and take profit somewhere @ 18.6300 or near it.
USDZARA break of trendline support as well as the 200dma just below it could see the USDZAR weaken to the 16.50-17.00 range.
I would use a break of 18.00 as entry trigger to establish a 'short'.
Buying opportunitie on usdzarUsdzar tapped into a daily point of demand on a daily time frame, after it created a change of character then continued to break structure to the upside confirm bullish trend.
All confluence have been met.
1. price confirmed reversal of structure and confirmed further by breaking structure ( drop base really,price dropped ,took liquidity and tapped into the daily poi.price then created a consolidation phase which is the base the price rallied up and broke structure.)
2. After price broke last higher low, created a chock.
3.price created liquidity in a form of trend line
4. Price left imbalance and also left an order block at a discount level of Demand.
2
USDZAR Bullish TrendAccording to DOW THEORY, USDZAR is in Bullish Trend and chart make higher high and higher low.
USDZAR 4H BULLISHUSDZAR
BULLISH TREND : 4H
Trade Plan
Entry Price: 19.15014
Stop Loss : 18.63922
Take Profit : 19.66106
USDZAR-BUY strategyThe channel strategy has worked fine, and now it feels we are close to BUY mode again.
The stochastic is low for the 2-hourly, but not the RSI as yet. Also we have not reached the lower channel area as yet.
Strategy BUY @ 18.7500-18.7700 range and take profit @ 18.9400.
USDZAR-SELL strategy 4-hourlyThe pair has been quite aggressive up- and downwards. Each time reaching a higher high, and this created a kind-of "falls bull flag" pattern, is my viewpoint. The RSI is too high on HAIKEN ASHI and supports the view we should see down move again.
Strategy SELL @ 19.05-19.20 range and take profit @ 18.9450 area.
USDZAR LONGPosition Description: USD/ZAR Long Position
Position Title: Foreign Exchange Trader
Position Type: Long Position (Buy)
Currency Pair: USD/ZAR (United States Dollar/South African Rand)
Trading Strategy: Trend Following
USDZAR ShortAn area of interest is seen from the 4H to the daily timeframe. This is the area where retail traders were already taking their short positions with stop losses just above, and a lot of pending buy stops on the same level.
What then happens in this area is that the market pushes above that level to hit stop losses and trigger buy stop orders and immediatetly returns below the level. This is a process known as a "liquidity sweep".
This process is advantageous for the more patient traders because with the long position opened in order to liquidate the AOI, those orders have to be close in order to move the market lower as everyone expects. These are the levels we enter from.
