USDZAR-SELL stratregy 3-hourly Heikin AshiThe pair is way overbought short-term, and pullback towards 17.5850 seems possible. We are negative stochastic and high level RSI.
Strategy SELL @ 17.9000-17.9500 and take profit @ 17.6150 for now.
USDZAR trade ideas
USDZAR SELLSPrice already in a distribution ready for the drop. I see that zone as LPSY (Last point of supply)
USDZAR-SELL strat5egy 90Min chartThe pair has some tendency to decline again towards 17.4750 again. the stochastic is negative, and overall GANN angles feels we should violate 17.5900 area to move lower once again.
Srategy SELL @ 17.6000-17.6450 and take profit @ 17.4850
USDZAR-SELL strategy 90Min chartWe are slightly overbought, and also we have had our expected run (extended a bit further). For now, we should see consolidation and likely a lower level again short-term.
Strategy SELL @ 17.5750-17.6150 and take profit near 17.3975 for now.
USDZAR-BUY strategy 90Min chartthe pair had a rough ride up and down, and now is settling at the lower levels. GOLD is steady and likely remains firm, but at the same time, USD recovery likely.
Strategy BUY @ 17.3150-17.3500 and take profit @ 17.4875 for now.
USDZAR | 07.11.2024BUY 17.42500 | STOP 17.33000 | TAKE 17.52000 | Corrective upward movement from a strong support level.
USDZAR-SELL strategy 6-hourly chartThe pair has moved sharply either way. The overall picture suggest lower levels to be seen.
Strategy SELL @ 17.5450-17.6000 and take profit near 17.3850.
USDZAR-SELL strategy 2-hourlyWe reached our profit objective 17.6800 area, but as expected movements either way are aggressive for known reasons. Markets are not settled, but clearly the tone is USD positive.
Strategy SELL @ 17.7350-17.7800 and take profit @ 17.5450 for now.
USDZAR- BUY strategy 3-hourlyThe pair is somewhat under pressure, and of course US elections can spill the fun very quickly, when wrong.
we are trading below Ichimoku cloud, and also we are starting to be very low levels of stochastic and SMI. I think we may see downward pressure still, hence I would only BUY lower.
Strategy BUY @ 17.4500-17.4750 and take profit ear 17.6875.
USDZAR Excellent sell signalThe USDZAR pair gave a solid sell signal last time (August 16, see chart below) we made made a call on it, easily hitting the 17.500 Target:
Yet again, the price got rejected near the top (Lower Highs trend-line) of the 8-month Channel Down. A candle closing below the 1D MA50 (blue trend-line) will confirm the sell signal. If successful, we will short and target Support 1 at 17.03500.
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USDZAR-NEUTRAL RANGE 3 hourlyThe pair has not been able to move higher as expected, nor has it declined dramatically either.
I think we are range bound for a while, and until election results and/or major change in GOLD price, the pair will again move more actively.
Strategy RANGE trade between 17.6100 and 17.7450 for now. will update if anything new.
USDZAR-BUY strategy 3 hourly chartThe pair has tried few times downside, and re-establishes itself above 17.7000. For now I think we may see test 17.8000 short-term.
Strategy BUY @ 17.7000-17.7100 and take profit @ 17.8450. SL based oon personal preferences.
Potential buys on USDZAR As it can be seen from the area I draw the resistance lines, the market firstly kept on failing to break above, until it found enough momentum, then it got to break above, now retesting the area, it form of RETEST is the 1 hour institutional candle.
USDZAR with a 1800 pip take profit and 477 stoplossA bullish USD/ZAR prediction with an 1800-pip take profit and a 477-pip stop loss means you’re setting a target for the USD to gain significantly against the ZAR. To support this type of trade, you would typically want to see indicators that favor USD strength or ZAR weakness.
USD/ZAR: Navigating the Bullish ChannelSince September, the #USDZAR exchange rate has been moving within a bullish channel. It's relatively straightforward to identify the support and resistance levels that align with this trend. As the USD has recently gained strength, the fundamentals suggest a potential continuation of the uptrend for this currency pair.
USDZAR Daily OverviewI assume we will see a massive drop in USDZAR price in the coming weeks. This falling channel is the reason for my bias. We are looking at a final target of 16.7 and lower.
USDZAR SELLBreakout on massive bearish flag pattern on the USDZAR chart. Price will create a weekly high around 17.75 then drop to 17.37. From here we can look for more sells into 17.20. This pair is on a bearish trend
USDZAR-BUY strategy 3-hourly chartThe pair has kept 17.5850 well, after moving lower from 17.6700, which was the pivotal point before, and now this point is around 17.7050. I feel we are within a triangle formation, and the next move is likely higher, and a sharp one I think. We are well established above Ichimoku could as well.
Strategy BUY @ 17.6650-17.6800 and take profit @ 17.8750 for now. SL as usual based on your own preferences.
The USD/ZAR pair might be seen as bullish?!The USD/ZAR pair might be seen as bullish for several reasons:
Economic Data: Positive U.S. economic indicators (like strong GDP growth, employment figures, or consumer spending) can boost the dollar.
Interest Rates: If the Federal Reserve raises interest rates or signals a hawkish stance, it can lead to a stronger dollar compared to the rand.
Political Stability: Any political uncertainty or instability in South Africa can weaken the rand, making USD/ZAR bullish.
Commodity Prices: South Africa is a major exporter of commodities. If prices for key exports drop, it can negatively impact the rand.
Global Risk Sentiment: In times of global uncertainty, investors often flock to the dollar as a safe haven, driving up the USD/ZAR rate.
These factors, among others, can contribute to a bullish outlook for USD/ZAR
USDZAR-SELL strategy (careful one) 3-hourly chartIt feels we are developing movement lower, and I think 17.4850 may be possible, or slightly more.
We are observing 17.6700 and once giving way, we should move within the second GANN layer.
Strategy SELL @ 17.6650-17.6900 and take profit near 17.5150 for now. SL based on personal preferences.
DROP ON U/ZAR ??After the test of a significant 4hr resistance level, hourly and other lower timeframe bearish trends have formed indicating potential downward movement. Price however, still needs to break a stubborn 15 min support range trend to reach the next inverse hourly range at the bottom.
ONLY TIME WILL TELL
USDZAR BUY/LONG 1:12 PROBABILITY Hello All
Reason for taking trade :
* b wave of the corrective structure required (sharp move similar to a wave)
* FVG has been mitigated 17.164
* 4 HR engulfing candle
* MACD divergence from 1HR to Daily TF
* Equal Highs at the top indicating liquidity
* 1:12 Probability trade
Strategy: Entry at the mitigation of the 4HR candle
Entry: 17.22 or current market price
Stop Loss:17.0430
Take Profit: 19.490 (GAP)
