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USDZAR

USDZAR 4 Hour ChartThis is a test chart for my modified predictive indicator. The red arrows are stops. High and Low points can occur on the white vertical line (Daily Swing Prediction line) or within three candles on either side of a white vertical line The trade is entered when a candle crosses the White vertical line (Daily Swing Prediction line) and there is a change in candle color. After the candle color change the first candle to be completely captured by the 4 MA is the trade entry candle. The trade is exited when a candle crosses the White vertical line (Daily Swing Prediction line) and there is a change in candle color. After the color change the first candle to be completely captured by the 4 MA is the trade exit candle.
by Dinjin
USDZAR OVERSOLD - LONG TERM TRADE[Fundamental insight: We are experiencing an influx of ‘endemic’, and Covid is on the verge of disappearing from the news. With record U.S. inflation, the market is not in hurry to buy USD toward March rate hike. We are still in the strong bullish bias on USD into March. With the tight labor market, no matter what, inflation will keep rising and will be rising even more as pandemics fades away. And the March hike rate has been confirmed by Jerome Powell. The key moment for the next week is FOMC. We suspect that the Fed will only re-iterate their previous stance with some wishy washy flavor like easing inflation, supply bottleneck, etc. This will not affecting their stance to hike on March. The setup: However, it is always possible that there will be further weakness for USD. This is why it is always important to start enter position lighty relative to your account. So it have capability to averaging in case that the trade not going into our favor immediately. If you are not comfortable or not experience on this kind of trade, it is better to stay away. This is more about broader view on USD, please do your own diligent to check entry based on your method or technical analysis. Do not forget that this is an exotic pair. Which mean, the pip value is there. and the big spread spike on some brokers is always possible. Remember to always trade safely. Cheers.
Long
by TradingCocktail
2
USD / ZAR 15.36988 +1.79 % LONG IDEA * CONTINUATION PATTERNHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the base of this structure creating a double bottom as we enter a strong bullish rally. - Short term the pair has currently broken structure possibly signaling a strong bullish momentum on the 4h chart this. - There is a supply zone to look out for on the on the pair ahead which will serve as the target for this trade should the ENERGY continue upwards. - Looking for long entries on the THE DOLLAR ZAR this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
If RAND devalutes like Turkish Lira, how it may happen? You see the weekly USDZAR graph. Wait for confirmation of breakout on the pink line, then BUY. For long term, I always expect upside on suchexıtic currencies. If sth bad happens for RAND, like Turkish Lira, USDZAR may go up to 29 Target 1: The fair value by Robin Brooks of IIF is 17. It is the .618 Fibo level. Target#1 is 17 Target 2: ATH for USDZAR is 19,35. After breaking 17, It may take some long time to reach here. Target#2 is 19,35 Target 3: If the breaks ATH record, it may go to moon so quick. 23 (1.618 fibo) and 29 (2.618 fibo) are possible. Target#3 is 23 or 29
Long
by bilgeyts
2
When in doubt, zoom out. January closing rates to watch for the rand: S=15.38 R=15.64 The rand is trading resiliently this week and seems to be holding the pair below the 38.2% Fibo retracement rate of 15.64 and the psychological rate of 15.50. Another weekly close below 15.38, the peak of the first wave back in Aug 2021, may invalidate the 5-wave impulse in the blue channel from May 2021 but I'd first wait for the channel to break before invalidating the EW count. A break out of this channel will allow the rand to pull the pair onto the 200-week MA rate currently around 14.90 and possibly lower into the range between 14.50 and the 23.6% Fibo rate of 14.77. Still a bit too early to predict a move back towards 14.00 though. A close above 15.64 will keep the EW impulse wave and the blue channel in check which will be rand negative and could open the way for a move towards the 61.8% Fibo retracement rate of 17.05. The pair has however struggled to hold rates above the long-term black channel since breaking out in March 2021. The bottom of the channel may prove to be show strong resistance. Weekly technical indicators are pointing to a stronger rand. The RSI has broken out of its downward channel and has room to move lower towards the oversold zone. The MACD indicator will produce a cross-over sell signal if the rand holds the pair to a weekly close below 15.38. Fundamentals: Rand positive fundamentals: - SA's trade surplus is still sitting pretty. Oct 2021 surplus = R27.68 bn. Nov 2021 surplus = R38.53 bn. - The SA inflation rate is still sitting in the SARB's inflation target unlike the Big boys at the Federal Reserve. - Earlier this week the PBOC cut their policy interest rates by 10 bp's, now at 2.85%. This is positive for all commodity-currencies as it will help maintain China's commodity purchasing spree. - The Fed will most likely also start hiking their repo rate. They however won't be able to meaningfully decrease their balance sheet (as it will crash the treasury and stock market) which will keep the yield curve suppressed. This will be positive for the rand's carry trade appeal. SA 10-year bonds yield around 9% while US 10-year treasuries (which sole buyer is the Fed) is yielding a measly 1.868%. Again, the Fed will continue to suppress the curve. - Brent crude oil prices will continue to rise, a break above $100 per barrel is highly likely, which will be positive for commodity currencies as it will pull commodity prices up with it. The particular commodity price to watch is platinum as SA is the largest platinum exporter. Technically, it seems that platinum has made a double bottom around $910/oz. -The two main reasons the rand sold-off so hectically at the end of 2021 was because of the implosion of the Turkish Lira and the irrational travel bans on SA after the Omicron variant discovery. The Lira is recovering somewhat and the global Covid narrative (driven by by Fauci and his compatriots in big Pharma) is crumpling and deteriorating, fast, which will hopefully keep risk-off waves from virus fears at bay. (Go watch Dr Robert Malone's podcast on the Joe Rogan Experience and read: www.zerohedge.com) Rand negative fundamentals: - SA unemployment, the forever increasing government deficit and political uncertainty are still major hurdles for the rand but these factors are common knowledge for the market and is, to a large degree, already priced in. Monthly chart just to zoom out a bit more: -Monthly technicals: RSI divergence and the stochastic is turning in the overbought zone, rand positive. MACD crossed to a buy signal, rand negative.
by GustavFourie96
1
USDZAR 15.44490 + 0.45 % SHORT IDEA * CONTINUATION PATTERNS CONTHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR. * The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure. - Short term the pair just broke above a symmetrical triangle on the 4h chart tested supply zone and possibly rejecting. - we are currently consolidating in a descending triangle on the 4H. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. PREVIOSE SET UP lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
4