USDZARStill bearish on USDZAR. Short any price action below 15:00000 expecting a retest of the previous lows at 13:50000
USDZAR
USDZAR Expected to Move Towards 14.22 in Short TermTrend Analysis
The main view of this trade idea is on the 15-Min . The FX Cross USDZAR has been trading in a rectangular pattern between the 14.33145 and 14.44046 range over the last couple of days, providing an opportunity for a breakout in the FX Cross. Expectations are for USDZAR to break below the rectangular chart pattern to head towards 14.21 zone.
Technical Indicators
USDZAR is trading below its short (25-SMA), medium (75-SMA) and fractal moving averages. Also the FX Cross’s KST has had a negative crossover and its RSI is trading below 50. Also, at the time of publishing the technical strategy matrix has an overall sell in the 15-min, 1-hr, 4-hr and daily timeframe. These technical indicators support the view that USDZAR will decline in the short term.
Recommendation
The recommendation will be to go short at market. Stop loss will be set around the 14.45 price level and a target of 14.22. This produces a risk-reward ratio of 1.31.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in USDZAR.
usdzar for buyusdzar for buy
fibo analysis and trend analqyis also wave give a signal for buy opprtunuite
this analysus from a beginners trader
SELL BEARISH USDZARSouth African Rand strengthens over a weak dollar after a week of looting, the Government, especially the eThekwini municipality announced that there will be a financial aid plan for affected businesses and more.
USDZAR Intraday/ScalpYour entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So all in all we had 4 confluences supporting the entry. Another bias here is, the setup is exactly similar to my previously posted setup on Gold.
Risk:Reward Ratio is 1:3
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
USDZAR SwingLooking to make another sniper entry here.... then scale in.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key
#Trade_Like_A_Magnate
USDZAR SwingAs anticipated last week, USDZAR did go for a trendline retest, gave us a rejection, we made an entry and held. This is the progress now. Profits have been locked in order to have a risk-free trade.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk.
#Trade_Like_A_Magnate
USDZAR 15.5000 🐂 or 11.5000 🐻???Market has made some recovery this month back near 15.000, this is pure speculation as we might see previous bear trade idea play out where market currently sits.
Which is more likely bulls or bears?
USDZAR SwingThe original idea was posted yesterday.
*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at your own risk.
#Trade_Like_A_Magnate
USDZAR SwingOpened a few short positions throughout the day, and held them. The goal was to open another entry upon the violation of the H4 trendline. I missed this entry but no harm done. I have two potential moves in mind.
1. Price may retrace bank to the trendline for a retest before continuing down.
2.Price may break below current support (maybe retest) and continue down.
TIP: Be a "reactive" trader. Follow price.
*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at own risk.
#Trade_Like_A_Magnate
USD/ZAR:PRICE ACTION+FIBO ANALISYS|DOWNTREND|SHORT SETUP🔔The forecast for the USD/ZAR turned bearish after this currency pair lost upside momentum. Traders should expect a rise in volatility as bulls and bears wrestle for control.
Welcome back Traders, Investors, and Community!
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
usdzar 28.07.21if our daily support manages to hold and we have a bullish candle close, we might see price push higher to the top/resistance of the range if you can see it. from there, if price manages to break we should see price push higher to complete the daily wickfll on the left and that is the daily resistance. price has been bullish for the past two weeks and if nothing dramatic happens it can continue possibly creating a monthly range.
USD/ZAR short 300 pips!USD/ZAR will have a correction this or next week. Heavy resistance at this level and monthly fib at 15.0267. Market psychology took this pair too highe due to political uncertainty and covid. We are familiar with extended trends with respect to covid. ZAR is heavily correlated with metals and bonds, especially lower yields will be bullish for ZAR, higher base metal value will be bullish for ZAR, but not so much as yields. Technical analysis shows strong resistance and DXY may have a correction soon. Which further supports the claim for bearish USD/ZAR to about 300 pips.
USDZARSo Far we Bullish Movement on this pair ( Monthly )
If the Rand strengthens we could see a drop in price or if the dollar does - we will see a price in the ZAR value
- Share your opinion in the comments below and support the idea.
Thank you for the support.
USDZAR a strange reversalCurrent pullback risks to resolve to another leg down. It is strange enough since the bigger picture in cross-asset field is negative (long USDZAR usually) but the picture is the picture. I consider that as a point of weakness and abolish trap so I fully prepared to short it.
USDZAR BUY - ZA ECONOMY COLLAPSEThe only way South African's can benefit from the havoc we are facing is by longing USDZAR.
Zones are marked. Enter during NY session. USD strength will come in.
Enjoy, swing to the upside R20+, take partials at R15, R15.55.
USDZAR potential long tradeLooking closely at the USDZAR, potential to see the R15 per dollar again, what could be the catalyst?
USDZAR buy ideaThe chart is now forming a W which shows that its now going uptrend. Let's watch this pair
USD/ZAR UPDATED ANALYSISYou can see if we put both the DXY and USD/ZAR next to each other how well they correlate at the moment. Both charts have retraced respectively giving a strong narrative that if the DXY respects the trend and moves higher, that USD/ZAR will follow suite. The South African economy has taken a huge knock this week due to extended Covid restrictions but more importantly, the looting of major retail enterprises. Yesterday South Africa released it's Retail Sales YY* results which came in at 15.8% which, when compared to the prior results of 95.7%, is insane. If you piece all of this information together then it is reasonable to assume that the Rand will continue to weaken against the Dollar for the foreseeable future.
DOLLAR/RAND ANALYSISPossible bounce off of support or a retracement before a continuation. Either way I see the Rand weakening against the Dollar due to the current state of the nation. Target 1: 15.00000 ; Target 2: 15.60000
USDZAR LONG on a Geopolitical and Technical basis #ZAR I have bought USDZAR. FX:USDZAR
Civil unrest has erupted in South Africa after the arrest of former president Jacob Zuma.
The currency pair has been in a downtrend since April 2020 and has just broken the downward channel to the upside.
I prefer trades with such a confluence of factors working in their favor. Let's see how this plays out.
- Sure Capital
