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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

WILL THE USD CURRENCY GAIN MOMENTUM AGAINST ZAR???USDZAR has been in an uptrend since the 30th of September in an overall bearish trend, we're looking to have a 3rd touch on our H4 bearish trend which could also result in a breakout depending on the buyers momentum, there is also a significant level acting as a CEILING, I believe we will once again see the reaction of SELLERS once price reaches this level. I am at a H1 trend breakout at a support level looking for more buy signals... WHAT IS YOUR TAKE???
Long
by innocentbongani84
USDZAR 18 October 2024 Skye Pulse 26 Forex Edition📊 Last Volume: 27, Average Volume: 35.612 📉 Volume below threshold, no action. 📉 Sell signal generated for USDZAR. 📊 Analyzing USDZAR with current price: 17.55705 📉 MACD Line: 0.01 | 📈 Signal Line: 0.01 | 🔶 Histogram: 0.00 📊 200-day MA: 17.56 No strong Buy or Sell signal for USDZAR, holding position. Generated Signal: Sell at price 17.55705 💹 Current Price: 17.56 📈 Fibonacci Levels: 0% Level: 17.65 🔽 23.6% Level: 17.62 🔽 38.2% Level: 17.61 🔽 50% Level: 17.60 🔽 61.8% Level: 17.59 🔽 100% Level: 17.55 🔼 The price is below the 50% Fibonacci level, caution with the Sell signal. 💵 Last price: 17.55705 📈 Supply Zones: 📉 Demand Zones: 📊 Current Trend: Sell 🚫 Alert! ❗ No valid signal for trade setup. 🔄 Please review your strategy and data! ⚠️ Alert! ❗ Can't determine the trend with the current data for USDZAR. 🔍 Please verify your inputs! 💡 ❌ No harmonic pattern detected. 🚨 THIS IS FOR EDUCATIONAL PURPOSES ONLY !!!! IM TESTING THE EA , PLEASE DO NOT SEE THIS AS TRADING SIGNALS
by personal_brand
USDZAR-NEUTRAL SELL 6-hourly chartThe pair has climbed as expected, and it may even move higher, providing we can overcome 17.6450-17.6500 area. That is why am a neutral SELL because we have run up a lot, and I think OIL will recover back towards 73.50 and GOLD may stabilize above 2,630 area. The longer view is GOLD will correct towards $ 2,450. Strategy SELL current 17.6200-17.6500 and place tight SL. Profit order somewhere 17.4950. Strategy could also be BUY @ 17.5750 area and take profit near 17.6900 for those willing to range trade it a bit.
Short
by peterbokma
USDZAR-BUY strategy 6-hourlythe pair has moved away from 17.40s and we are on the verge of testing 17.5950-17.6050. Based on the overall picture, I feel we see 17.7800 being tested coming days. GOLD is softer and may turn lower which will ignite the pair to go higher. Also the DXY may test 103.70 area, as per some analysts, hence more reasons to see it follow suit as well. Strategy BUY @ 17.5350-17.5650 and take profit near 17.7350 for now (but monitor break of course). SL as per your personal preferences.
Long
by peterbokma
Potential bullish rise?USD/ZAR is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance. Pivot: 17.3355 1st Support: 17.1641 1st Resistance: 17.59060 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets