USDZAR-BUY strategy 6 hourly chart Regression channelThe pair has kind of reached its potential I think, and from here I prefer BUY into weakness.. We are oversold and even though indicators are negative, I am worried of a spike upwards. I think it is realistic to say, when GOLD loses again its shine, it can suddenly become a reversal day for the pair.
Strategy BUY @ 18.2050-18.2575 and take profit below 18.4750 resistance.
USDZAR trade ideas
USDZAR-NEUTRAL BUY strategy 3 hourly chartWe managed first to move towards 18.3300 area after the BUY signal, but we fell short of objective.
Now we are under pressure, and it feels we may see a little lower. However, I prefer BUY strategy still due to the fact some indicators still provide some upwards possibilities.
Strategy BUY @ 18.1500-18.1750 and take profit near 18.3375 for now.
USDZAR-BUY strategy 12 hourly chart - Regression channelThe pair has moved little lower, but looking with a longer view point, we are approaching oversold levels (not extreme), but below channel. It is difficult to guess how far below the channel we may go, but with a careful approach we should start buying into the weakness slowly.
Strategy BUY @ 18.0000-18.0850 range and take profit near 18.4375.
USDZAR-SELL strategy 3 hourly chart Regression channelThe pair has touched 18.70s and considering the resistance 18.7400 and moving back sharply lower 18.60s, it feels we have started another attempt lower once again. Overall we are caught between a larger range, and short term movements are difficult to grasp.
Strategy SELL @ 18.6000-18.6400 and take profit near 18.4750.
USDZAR-SELL strategy 9 hourly chart GANN SQThe pair is oversold, and for those willing to go long for correction, the move upwards will be likely stalling near 18.4750 (double bottom area.
In terms of the break and the GANN SQ it is likely better to sell into rally.
Strategy SELL @ 18.4150-18.4450 and take profit near 18.2750 for now.
USDZAR to break R20 barrier, and beyondWith a short retracement to 17.50/17.75.
My RSI shows a possible double support at 50. Always a sign for Bull movement ,
See how the Price structure is on the lower buy zone in the parallel structure
Plus horizontal and trend line confluence, shows me the USDZAR - WEEKLY
It is on its way to weakness, and break a massive psychological move up, into the
20s.
USDZAR | 02.05.2025BUY 18.4400 | STOP 18.3300 | TAKE 18.5900 | Technically, the picture of the price movement disposes to a slight growth to the levels of previous resistances inside the medium-term descending channel. We also expect today data on the US labour market and the possible impact of indicators on the dollar. A slight growth is likely.
USDZAR-BUY stragegy 3 hourly Regression channelThe push lower was slightly more than expected, but the 18.7400 refusal and GOLD stabilizing caused the sharper down turn. From here, and current pricing we are oversold, and we should see a pullback to 18.4850-18.5200 again, is my viewpoint.
Strategy BUY @ 18.3500-18.3950 and take profit near 18.5025 for now.
USD/ZAR LongThe South African Government released a press statement late today promising to mitigate and reduce Load-shedding for the foreseeable future past the winter season. In contrast, the US Federal Reserve has yet to release its interest rate decision which we assume will remain the same. These contrasting forces are typical of a trend reversal, especially considering that the US is heading to summer in May, which is a good time to do business. Also, President Trump's birthday is on the 14 of June why not invest in the dollar for the good times to come? The Rand apart from appreciating Gold prices lacks any attraction. I believe that investors are positioning themselves to acquire liquidity to stake in America for the long run
USDZAR-BUY strategy 12 hourly chart - GANN SQThe pair is within a larger range, but viewing the current pattern, it feels we may be developing a "W" formation. The left side "W" part started where neckline 18.8900 is. The lower part of " W " support is 18.4800 area (double bottom), and from there we should be retouching 18.8900 in the near term. usually we will move lower after this right "W" side to roughly 18.60-18.65 area before breaking the neckline and moving en route 19.2500 again.
Anyway, this is just a viewpoint, and let's monitor the pattern unfold.
Strategy BUY @ 18.5750-18.6150 and take profit near 18.8900 at first. there after re-BUY at 18.6100-18.6500 for a move towards 19.1500.
USDZAR-BUY strategy 3 hourly chart GANNYesterday I underestimated the downside potential, and now we are below 18.5500 trend line, which does not bode well. However, we have a low RSI and other indicators, and even though pressure seems downward, I think we may have a change to recover to 18.7000 again.
Strategy BUY @ 18.4750-18.5100 and take profit near 18.6875.
USDZAR-NEUTRAL BUY 90 Minute GANNIt feels we may be moving little higher. The volatility is low, making it more difficult to get the direction. However, stochastic is low and may turn, and for the rest slight pressure is seen.
Strategy BUY (if wished for) @ 18.6750-18.7250 and take profit near 18.8750 for now.
USDZAR-NEUTRAL SELL strategy 3 hourly chart GANNwe have moved higher from where I felt it would, and now we are starting to be overbought slightly. One should be careful as the pressure it still upwards, but SELL is the better way now, I feel.
Strategy SELL @ 18.8650 - 18.9150 and take profit near 18.6150-18.6350 area.
USDZAR-BUY strategy 9 hourly chart - Regression channelThe pair has moved a little lower yesterday, and has returned above 18.60s.
The pressure is slightly upwards, but its not completely confirmed, since we have are moving slowly and not a solid move so far.
Strategy BUY @ 18.6150-18.6550 and take profit near 18.8850 for now.