Long USDZAR (short-term)The recent political events have proven to bring back some confidence in SA. However, it needs to coincide with the financial data. Look to add another position if it goes to the R17.50 level.
ZARUSD trade ideas
USDZAR There are chances according to my view that this pair will continue to rise upside. for that case might have a chance to buy the pullback if we retrace to 0.50 - 0.618 fib lavels, if however the break below the zone. then might look for option 2 zone.
USD/ZAR BEARISH TODAY?This is a market looks like it's going to be buried today to retrace yesterday bullish rally
Usd/Zar Sell IdeaUsd/Zar is in a confirmed down trend on the day chart.
Usd/Zar is making lower highs and lower lows on the day chart.
The trend is down and we are looking to sell usd/zar for a new swing low.
This sell could take many days to play out.
So your selling in a downtrend here.
Please use risk management with this trade.
USDZAR-SELL strategy 3-hourly chartThe market still feels the uncertainty, and that makes it a difficult task to get the direction right. Wwe have had SL executed, but overall, we still should see lower levels. There is no confirmation as yet that we see lower, but the run up from the 17.90s low, shouyld still need some corrective action. The stochastic is high, and turning. so we try again.
Strategy SELL @ 18.5850-18.6350 and place SL above 18.7350 for now and profit let's say @ 18.4350.
USDZAR Year Ahead 2024Here we are looking at the Pivot Point and the price is trading right at this important level. There are up coming elections in South Africa later this year and this will have a major impact on the value of this currency pair.
Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To learn more get our website link on our main profile.
USDZAR-SELL strategy 4-hourly chartIts good to be neutral sometimes, especially lot's of uncertainties due to the cabinet formations. The market trades erratic, and it does not have a clear view on where to go.
For now, we see we have move sharply upwards, and feel this may be running out of steam again. the mid-point is somewhere 18.1300-18.1500 I think.
Strategy SELL @ 18.3500-18.4150 and place SL tight above 18.5150 and profit order let's say near 18.1950.
Heading into overlap resistance, could it reverse from here?USD/ZAR is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support.
Pivot: 18.4787
1st Support: 18.1270
1st Resistance: 18.6895
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USDZAR-NEUTRAL strategy 4-hourly updateGood am neutral on the pair, and especially a GAP opening that was 18 figures lower. That is a little too difficult to predict, but news of course can drive it anywhere as we know it.
For now I prefer on the side line. It is oversold a bit, and we are still be 18.2250 GANN resistance and overall lower potential. I am not convinced either way and prefer to stay out till it feels we have some direction again.
New month new week South Africa Rand is start to be strong for last month even this month it will continue to be strong
USD/ZAR ShortThe USD/ZAR is going to fill the gap in the South African rand is positive based on the presidential announcement on the government of national unit new cabinet
USDZARThere's a possibility that this will give a bounce on the supply then mitigate the zone below.. and also the possibility that this bounce lower and rally upside.
USD/ZAR BEARISHSouth African Rand seems to be strong waiting on the announcement of the South African new presidential administration
USDZAR-NEUTRAL strategy 4-hourly chartrThe daily chart showed clearly upside potential, and the 4-hourly chart provided some good and lesser indicative accuracy, but fundamentals like cabinet formations certainly provided the movements sharply either way.
The GANN line interacts now in a tug of war, and its not decisive either way from here. Considering the higher levels seen and were we are at, the chances are seeing slightly higher levels before it will settle again.
Strategy try BUYING near 18.1500-18.1700 area and take quicker profits near 18.4350 and sl lets say 0.75% of investment amount. Otherwise just stay neutral and see what happens from here.
USDZAR Short-term bullish signal but bearish overall.The USDZAR pair has been trading within a Channel Down since the April 09 Low. After pricing the latest Lower Low last week, the price is currently on the new Bullish Leg but got rejected today on the 1D MA50 (blue trend-line).
Both past Bullish Legs of this pattern rose by +5.30%. On top of that, their 1D RSI sequences are quite similar. As a result, we take advantage of today's rejection and turn bullish, targeting 18.7500 (marginally under an expected +5.30% rise.
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USDZAR-SELL strategy 4 hourly chartThe pair has likely more room to upside, and mentioned yesterday, the daily chart showed already scope for upward movement. Now we are at a small cross road, and think we may see some recovery down first, before we move higher to break 18.3500 area GANN resistance.
strategy SELL @ 18.2750 - 18.3000 and place SL above 18.3750 and profit order near 18.1350 for now.
USDZAR-RANGE strategy 4-hourly chartI have been traveling and back now. The pair has moved lower than initially anticipated, but for valid fundamental reasons. Now we are settling in and it is trying to find the direction short-term. The stochastic is non committal and overall we are in GANN angle downtrend.
the daily chart is showing signs of higher prices to come.
Strategy BUY @ 18.0150 - 18.0500 with SL below 17.9150 and profit order @ 18.3350.
Strategy SELL @ 18.2350 - 18.2550 and place SL above 18.3150. Profit order @ 17.9750.
USDZARThe price has respected the selling zone so well, Following the wave sequence I suppose the zone below will be a convenient one to buy
USDZAR - Bulls in ControlIn my opinion, USDZAR is bullish because the pair reversed strongly from a weekly support level.
Every pullback is an opportunity to buy at a good price, i will update this ideal as event unfolds.
Always follow your trading plan. Staff safe!!!
USDZAR BuyI Initiated a buy trade. Looking for a pullback to 18.22938. Bears are in control but in the next 7 days or so this target will be hit.
Little leverage used
No stop loss
Time limit is 7 trading days, if target isn't hit then trade is invalid. I've been refining my strategy; I think things will be looking much better moving forward. Don't join me, just keep track of my trades. I post for my own accountability and possible insights for YOUR OWN trading style.
Cheers!
Patience.
USD/ZAR June 18 2024Nearing end of year (2023) support zones, as well as experiencing resistance in the lower 18.00s in May 2024. This movement could mean higher lows and suggest that the pair aims to move upward.
