Get started

SOUTH AFRICAN RAND / U.S. DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

ZARUSD trade ideas

USDZAR-SELL strategy 4 HourlyIt starts looking boring saying SELL and SELL, but the issue is with these type of markets, they always go more than it should either way. The channel is clear having resistance and support, and now we got confirmation for SELL stochastic negative and RSI as well. AO is SELL mode too. Strategy SELL current @ 18.6500-18.70 and take profit @ 18.4350, and when broken through 18.4200 area we may see 18.2700 again. Stop-loss is a financial one, if one wishes to apply (and one always should).
Short
by peterbokma
2
USDZAR- SELL strategy 4 hourlyI have underestimated the strength of the move, even though direction was fine. the pair is usually quite aggressive either direction, and that is why best to sit back until confirmation appears. When we consider GANN resistance, and the high reached, we may see that there is a likely hood for a return back towards 18.2000 short-term. the stochastic is negative and the RSI starting to become. Strategy SELL @ 18.45-18.55 (yes wide range and we have no choice this time) and take profit @ 18.2350 for now. The stop-loss suggesting a financial one that fits your budget.
Short
by peterbokma
USZAR-BUY strategy Daily chartThe weekly chart suggest we will see recovery upwards, but no confirmation as yet. The daily chart has a range downward sloping channel between 17.2900 - 17.8350 area. We are turning positive weekly chart stochastic, and the daily chart is, and AO is negative. Strategy I feel, BUY @ 17.40-17.70 (yes, I know wide selection, but no choice) and carefully place yourself. Stop-loss below 17.2700 and take profit @ 18.38-18.45 area. Unfortunately, the pair has been trading dramatic either side, and just keep GOLD in mind. The chart on GOLD suggests we may see little lower gold price at first.
Long
by peterbokma