USDZARprice created FOZ , and price is expected to drop after reaching the SUPPLY zone in the channel
ZARUSD trade ideas
USDZAR SELL OFF - INSIDE INFO (BTMM STYLE)Bull run extension over, Buyers trapped.
Massive sell opportunity right now.
My work speaks for itself
USDZAR Turning Bearish?Hi
A look at the USDZAR H2 chart, the price is bearish at 18.20, with daily momentum pushing down at that level.
The price could form a bullish low near 17.99 that sets up a bearish pullback either at 18.28 or 18.40.
Alternatively, the price could pull up from the current price level to test the 1840 level and fall. Monitoring is required. Risky!
A stochastic indicator shows that the overall trend is bearish, with a bias of 17.41406 and a price target level of 17.671.
USD ZAR Bullish TrendUSD ZAR in Bullish Trend
My is bullish trend continues.
I will take a long entry with the buy limit order.
Usdzar buy 1.1825Usdzar hitting top bolinger on daily and declines to test red support SCD band on daily.
Some buyers around here creating bullish engulfing on daily.
Buy 1.1825 let’s see if buyers will push price higher to test top bolinger on daily again.
If price declines more i will be looking for more buy setups around blue SCD band below.
South African President Elects New Minister - USDZAR SHORT (BTMMWe have a trendline breakout on the H4 + South African President Elects New Minister.
Ideal time to short this pair that's overbought.
southAFrican rand - shifT iN momentuMhigher timeframe (daily) supply zone in control on hourly we have trendline break as price is trading below it showing shift in momentum to the downside with targets at 1hr liquidity pool which is nested in 4hr demand level.
Rand relief still in playI’m just revising my previous idea. My view for a pullback has not changed. On the 4h the MACD looks set to cross to a sell signal while we still have a degree of bearish divergence on the RSI. A break below 18.35 will allow the rand to pull the pair lower towards the 23.6 Fibo rate at 18.10. I do however expect some support in the range between 18.17 and 18.22.
The longer-term move towards the parallel channel neckline and blue 61.8% Fibo retracement rate of 17.83 (as per my previous idea) still seems probable given the overbought status of the dollar across the board. I however do not see the rand pulling the pair below 17.83-17.87 at this stage.
Bullish outlook for USD/ZARWeaker Rand - currently noticing a sweep on liquidity and the dollar is looking stronger
Bullish outlook for ZAR
USDZAR Potential lower High formed looking to ride downtrend Looking at a potential downtrend forming to swing down to form a lower low and grab some pips
usdzarMy idea perfect market rejection ,always believe. Watited for market to show reception then react
USDZAR SELLING POTENTIALPRICE ON USDZAR HAS BROKEN OUT OF A REVERSAL structure with very strong momentum, now a lower degree continuation has been formed and awaiting breakout to trigger shorts
Zone Trading The first step in zone trading is to identify key levels of support and resistance on a chart. Support is the price level at which buying pressure is strong enough to prevent the price from falling further, while resistance is the price level at which selling pressure is strong enough to prevent the price from rising further.Once these levels are identified, traders can then look for zones between these levels where price tends to oscillate or consolidate. These zones may represent areas of potential opportunity for traders to enter or exit positions, depending on whether the price is approaching or retreating from the support or resistance level.
SHORT THE DOLLAR-The USDZAR has bumped it's head almost perfectly at resistance and it certainly looks like momentum has shifted. I reckon you can short USDZAR for a move back to at least the 50 day moving average which should scoop you a healthy size profit. Ideally you should be looking to enter the trade at around 18.30. We know how volatile this pair can get. So you should be looking for a target of around 17.45. Happy trading!
USDZAR LONGThe long term outlook remains bearish. In the short term we are seeing signs of a bullish correction targeting 18 levels. On the 4hr we have a CHOCH and BOS confirming the bullish correction.
UszarUsdzar has been bullish for sometime, previous analysis can be found on my profile.
Perfect entry has been activated, will allow this to play out to TP and two
Rand pullbackTechnical indicators and fundamentals are lining up for a reasonable rand pull back as per my previous idea. I expect the rand to pull the pair lower onto the 23.6% Fibo retracement rate and psychological rate of 18.00. A break below 18.00 will see the pair fall onto the critical support on the blue 61.8% Fibo retracement rate of 17.84 which coincide with the neckline of the broken upward channel and the black 38.2% Fibo retracement rate.
Fundamentals which are supporting some relief for the battered rand are most notably the easing of the selling pressure on US bonds. The US 10-year yield declined for the past two sessions after touching a high of 3.975% and is currently sitting at 3.865%. This will in turn cause the upward pressure on the dollar (DXY) to lose momentum. Additionally selling pressure on US equity markets are also subsiding. All of these factors are rand positive as it supports risk-on investor sentiment.
Technically on the 4h there is bearish divergence on the RSI while we have a sell signal on the MACD. On the daily, the MACD buy signal is rolling over while the RSI is deep in overbought zones. All of which are rand positive.
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