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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR-SELL strategy Monthly ChartThe pair from a long-term perspective, may be a lot lower. Reasons possibly are, ROUNDED TOP or S-H-S pattern whereby the Right Shoulder (RS) is being formed still. That is why maybe we may see a move closer to 19.0000 area before lower again. The neckline is lower 17.3500. This translates somewhere a possible 15s handle USDZAR in the longer term. Anyway, this is just looking at the pair considering all our options. Strategy SHORT-TERM still a BUY likely on break 18.5500 area, but SELL when right shoulder has been completed.
Short
by peterbokma
6
USDZAR-SELL strategy 9 hourly chart GANN SQThe pair trades in a very wide range, and my yesterday's ideas.. painted a lower price expectation, and this was not the case. The main issue is, we are within a very large regression channel range, and not seen here, we are at the top end of this now and even beyond it. Same as with the GANN SQ 18.4200 - 18.5300 is the current range, and lower down 18.1600 area. Needless to say, if we break convincingly 18.5300 the next target is 18.7300. For now, we are overbought (not extreme), and GOLD is lower, which also helped the pair moving higher, plus the news from SA yesterday. We are above CLOUD support as well, adding to the BUYING mode as well. Strategy SELL @ 18.4900-18.5300 and take profit near 18.3750 for now. If we break beyond 18.5300 would not make it a BUY per se, but a chance to SELL higher up with a more extreme overbought state, would be my strategy.
Short
by peterbokma
USDZAR-SELL strategy 6-hourly chart - regression channelThe pair has moved lower 18.1200 area in line with SELL strategy, but fell short heavily sad to say. Thereafter, we spiked and we have finished the day with a hammer top. The regression channel sloping down ward, shows the expected parameters, and usually a move beyond that, would trigger a move back towards the mid-range of the channel. the 18.3850 area highlighted some days back, is significant, and it changes the scope a bit. However, for now in line with slight overbought levels and the quick spike, and being slightly above the regression channel top, suggest we may see a pullback again. there is some dangers of higher levels due to positive indicators, and that is why patience is warranted before selling should be done. Strategy SELL @ 18.4500 - 18.4950 and take profit near 18.2750 when seen.
Short
by peterbokma
USDZAR -BUY strategy 9-hourly chart HeikinThe pair remains in an upside pressure mode, and there are some good reasons to be found for it: 1. GOLD should retreat towards $ 2,930 at least 2. USDX is positive 3. indicators support move higher for now. I prefer to look at the long hourly charts, since the shorter ones are tug-and-war under the current range trade scenarios. The 9-hourly shows little more overall possibilities right now. Strategy UNCHANGED BUY @ 18.2150 - 18.2450 (or feel free slightly higher). The profit level is now somewhere 18.4150.
Long
by peterbokma
2
USDZAR- BUY strategy 3 horuly chart Heikin AshinThe pair is starting to look little better on the charts,. We are above the cloud support 18.2200 area and we are approach regression channel top 18.3050 area. Since the channel is downward, it suggests a breach above let's say 18.3350, would indicate higher levels before lower again. Based on today's chart, I feel BUYING is the way to go for short-term trade. Strategy BUY @ 18.2150-18.2450 and take profit near 18.3450 for now. Monitor as you might get better mileage out of it.
Long
by peterbokma
USDZAR-NEUTRAL SELL Strategy 6 hourly chartThe pair is in fact ranging within a large area, but breaking it down, over all we should see lower from direction point of view. The current state suggests upside pressure but as long we are below 18.3800-18.4000 and not broken, we should see a test of 18.0000 again. Then 3-hourly chart is negative slightly. Strategy SELL @ 18.2000-18.2400 and add below 18.3300 area, if seen. I am preferred NEUTRAL but for those willing to stick out there neck, this is my ideas currently, without having a position right now.
by peterbokma
4
USDZAR-NEUTRAL BUY 3 hourly chart strategy KAGII am not very convinced that we will turnaround as yet. The issue being, longer-term charts showing still negativity for the pair for 6-hourly and beyond. The 3-hourly chart seems to have some positive indicators, and its oversold slightly. That is why am a careful BUY, and prefer neutral stance. 1. Strategy BUY @ 18.0750-18.1150 and take profit near 18.2750 2. Strategy SELL @ 18.1500 - 18.1850 and take profit near 17.9850 based on 6-hourly chart.
by peterbokma
2
It's impossible but the USD/ZAR says it's going to R16,80I know I know. No way, will we ever see the rand at R17.00 let alone R16.80. But the charts say it's possible. I doubt it will be allowed with such inflationary issues. However, with an unstable US presidency and an uncertain world with the US Dollar it actually has some semblance of possibility. HEre are some other reasons for upside for the ZAR: 1. High Interest Rates Attracting Investors If global central banks start cutting rates while South Africa keeps them high, investors looking for better returns could pile into the Rand. 2. Stronger Commodity Prices Boosting Exports Higher gold, platinum, and coal prices mean more foreign money flowing into South Africa, which naturally strengthens the Rand. 3. Government Pushing for Economic Reforms If the government sticks to promised reforms—like fixing Eskom and reducing debt—investors might regain confidence in the economy. 4. Lower Inflation Stabilizing the Economy If inflation cools down, it gives the Reserve Bank more room to maneuver and keeps the Rand from getting battered by price instability. 5. A Weaker U.S. Dollar Playing Its Part If the U.S. Federal Reserve starts cutting rates, the dollar could lose steam, making the Rand look relatively stronger. TECHNICALS: Price <20 and the MAJOR 200MA Price below Inv Cup and Handle Target R16.80 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Timonrosso
Bullish bounce?USD/ZAR is reacting of the pivot and could bounce to the 1st resistance. Pivot: 18.06195 1st Support: 17.90904 1st Resistance: 18.21062 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