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U.S. Dollar / South African Rand

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USDZAR trade ideas

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.
by peterbokma
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
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.
by peterbokma
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.
Long
by GlobalHorns
USDZAR Currency Pair AnalysisHello there, The USDZAR is ranging below the 19.26763 resistance area and seems to aim for the 17.57160 low. Only when the price makes a lower high below 17.19152 will there be a potential trend change. The market analysis suggests a bullish trend, despite the bearish price movement, indicating that the momentum is volatile and the bearish range is neutral. It seems that emotions are playing a significant role in this market's behaviour, making it crucial to stay cautious and closely monitor the price action. I will call it neutral. * Be adaptable: Keep your trading approach under review so you can react to changing market conditions. Happy trading, K.
by Khiwe
USDZARBreak of Asian low, price reacted on 1Min OB and gave CHOCH on 1MIN. sell limit placed at 18.23465. Targeting previous IHR high which is our liquid area as well. Remember: -Every moment is unique -Anything can happen -There is a random distribution between wins and losses in an given set of variables that define an edge -You don't need to know what's gonna happen next in the market in order to make money -An edge is nothing but an indication of higher probability of one thing happening over the other.
Long
by thiwani