USDZAR BULLSAt our POI demand zone. Price to find strength on the POI, to sweep the buy-side liquidity.TP3 @ 17.80305
ZARUSD trade ideas
Bullish bounce?USD/ZAR is falling towards the pivot which has been identified as a pullback support and could reverse to the 1st resistance which acts as an overlap resistance.
Pivot: 17.64039
1st Support: 17.47874
1st Resistance: 17.84762
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.
USDZAR Weekly ChartHard to admit, but USDZAR is on an uptrend. I believe we have found a bottom between 17.69 and 17.50. In this area, we can place our buys. Tomorrow it's NFP and we may see a sharp drop towards 17.51 an then the bullish run will commence. Hopefully price can drop to 17.51 before the news release, that way we can be certain to buy before the news release. Good luck everyone, may we all be profitable. Check out my GBPUSD analysis
USDZAR-SELL strategy 8-hourly Heikin AshiThe pair reached the near profit objective on the buy strategy, and now its negative territory based on heikin Ashi, almost negative SMI and AO and BB trend show potential lower levels to be seen.
Strategy SELL @ 17.8000-17.8450 and place profit somewhere @ 17.5850 for now. SL based on your own risk appetite and leveraging of course.
USDZAR Technical AnalysisWhen the USDZAR daily chart is examined; It is observed that the price movements continue on the trend line with the formation of an inverted cup formation. As long as USDZAR cannot pass above 18.598235, it is evaluated that in price movements below the level of 17.458306, it can break down to the level of 16.709696 and retreat to the level of 15.620809.
USDZAR BULLSPrice in a bullish direction. Price currently find stability on the demand zone(POI) before shooting up. o Fair value gap, demand mitigation, M15 BOS, EMA cross above. Use M15 to place SL and TP @ 18.05546
Bearish reversal?USD/ZAR is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 50% Fibonacci support.
Pivot: 18.03042
1st Support: 17.81615
1st Resistance: 18.17267
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.
USDZAR-BUY strategy 16-Hourly Heikin AshiThe pair seems to be driven upwards after we broke GANN resistance, and stochastic are positive and AO shows we have buying pressures as well. i think this may last up to 18.0500 area.
Strategy BUY @ 17.8150-18.8575 and take profit @ 18.0350 for now. SL based on your risk appetite.
Long position on USDZARA long position has been triggered on USDZAR this morning, with the move so far. We placed the order because of the break and close above the descending resistance level that has been intact since 5 August.
Looking to reach the target at the resistance level of 18.46900
Bearish drop?USD/ZAR is rising towards the pivot which lines up with the 61.8% Fibonacci retracement and could drop to the 1st support which acts as a pullback support.
Pivot: 17.92393
1st Support: 17.67661
1st Resistance: 18.05016
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.
USDZAR-BUY strategy 3-hourly Heikin ashiMost indicators are suggesting we will move higher again short-term, and a test of 18.9100 seems possible.
Strategy BUY @ 17.7000-17.7500 and take profit @ 18.8950 and SL below 17.6500 for now.
USDZAR BUYSI doubt you will ever see another double bottom as clear as this one. We can buy this pair when market opens and/or at the neckline break, either way 18.35 is our target. Let us see how price reacts at this bottom.
USDZAR-SELL strategy 8-hourly Heikin AshiWe have corrected as expected, and then it fell sharply. The stochastic is turning negative and other indicators show negative conditions, therefore we are in a SELL mode now.
Strategy SELL @ 17.75-17.80 area, and take profit @ 17.4850 for now. SL based on your individual risk parameters.
USDZAR Elliot WaveWe can look for sells now around 17.91 and look to take profit around 17.55. Price looks to be trading within a channel and as we can see on the chart, the support is due a visit before we can look to buy.
USDZAR-BUY strategy 6-hourly chart Heikin AshiWe have some minor positive reaction on Heikin Ashi, positive stochastic and oversold RSI (not shown). the AO shows upside potential, albeit we are below zero line.
strategy BUY @ 18.7500-18.7950 and place profit order @ 18.0150 for now. SLK based on risk appetite.
USDZAR-BUY strategy 8-hourly chart Heikin AshiThe pair continues southward, and this was aided by increase of GOLD price. There is no confirmation as yet for the correction to set-in, but nevertheless, we are oversold quite extreme, and as always it is difficult to select the BUY entry levels. I felt much earlier to try, but keeping SL in place all the time.
For now strategy no change and BUY @ 17.8200-17.8800 or add to positions, if not stopped out. SL as always based on your own risk parameters. I see profit levels around 18.2150.
USDZAR Channel Down intact. More selling to come.The USDZAR pair has been trading within a Channel Down pattern since April and currently is more than half-way through its latest Bearish Leg. Technically it resembles the Bearish Leg of May, which completed a -7.00% decline in the pricing of its Lower Low.
As a result, our short-term Target on this pair is 17.500 which is slightly less than -7.00%, near the Support 2 level.
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Bullish reversal?USD/ZAR is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 17.92416
1st Support: 17.74888
1st Resistance: 18.12955
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.
USDZAR-BUY strategy 4-hourly chart Heikin ashiOverall have no change of view. Even though lower, the indicators still suggest we should see higher grounds for corrective reasons. RSI is oversold and a very flat stochastic as well.
Strategy BUY @ 17.9650-18.0250 and take profit near 18.1950 and SL based on risk appetite.
USDZAR short bearish outlooktrend going to the downside ...
what do you guys think about this setup?
USDZAR-BUY strategy 4-hourly chart Heikin AshiWe got some positive signs now first time, and this provides still the same view, albeit difficult to access were we should see the BUYING side.
Strategy BUY @ 18.0600-18.0900 and taker profit near 18.2950. SL based on risk appetite.
Potential bullish rise?USD/ZAR has bounced off the pivot and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 18.03295
1st Support: 17.94288
1st Resistance: 18.17598
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.
