USDZARPrice has come to a strong support level with candle formations indicating a bullish move. First TP is around the 18.75 mark.Longby ruanimmelmanUpdated 4
USDZAR-BUY strategy 4-hourly chartThe pair has declined into the 18.50s and now establishing slightly above 18.6100 again. The stochastic is low, and the regression channel gives room slight lower as well. I would prefer not to rush into BUYING even though I think we will re-test 18.7400. Strategy BUY @ 18.5350-18.5550 and take profit @ 18.7150 and SL below 18.4800 for now. Longby peterbokma5
Possible Bullish movePrice is at resistance and has rejected the level with a 4h reversal candle stick. Price is at the bottom of the bullish channel and also touched the Keltner line. 4h rsi still negative but oversoldLongby Kevins19871
USDZARPrice came up to an area of strong resistance and is also aligning with a 50 fib level. The candle close also indicates price is looking to head down. Shortby ruanimmelmanUpdated 112
Unfilled orders tappingWe recently broke a supply area at 19.19152, this tells us buyers are starting to buy. Now we are tapping into the unfilled orders(demand area) at 18.53799. Accumulation wedge into this area suggest furthermore that buyers are interested in this area. Now the objective of buyers is to break the newly formed high(19.19152). Buyers in control..Longby UnknownUnicorn5253893112
50- and 200-day supports testHigh event risk today with the SARB rate decision (they'll hold rates at 8.25%) and US GDP results. The rand will take its que from the dollar but technically a move lower towards the 200-day and 50-day MA looks likely, perhaps even deeper towards 61.8% Fibo at 18.53.Shortby Goose96Updated 1
USDZAR LOOKING TO DROP ASAPusdzar has been consolidating on the past few hours which result to a patten being formed and with the resistance zone that has been found to be effective i see that the market is gonna drop now and we are already on the entry point.Shortby minenhlemendo1
USDZAR - Rand consolidating 💲The pair continues to range between R19.20 & R18.20 and has formed a pennant pattern. As some point i expect this to break out with my bias to the upside as key moving averages are all trending up. Only below R18.20-18.10 will the bearish case likely change for the rand. by Trader-Dan0
USDZAR-BUY strategy 4-hourly chartIt feels we are overdone for this pair, but let's assume we may see lower a bit more. I feel stochastic is not too low, and we broke the channel support briefly as well. We need to monitor the GANN support @ 18.6100 area. Strategy BUY @ 18.5350-18.5500 and place SL below 18.4800 and take profit @ 18.7750.Longby peterbokma3
Short idea and tradesThe idea was a simple one - a break-down through the trend line, and a flag. So far moves as expected. Will see how long will it go.Shortby Alpha_MindUpdated 0
BULLISH USDZAR18.66 has proven to be a strong zone for this pair. Throughout the past 2 years, price has shown strong reaction in this area. I see price rising to 19.60 in the next month. Let me know what you think in the comments. Longby Technical_AnalystZAR222
USDZAR-SELL strategy 4-hourly chartThe pair is hanging a bit, and likely may undergo some pressure. The GOLD price is steady and keeping firm, and the stochastic is negative. Strategy SELL @ 18.8350-18.8750 and place SL above 18.9150 and take profit @ 18.6750. Shortby peterbokma557
USDZAR-SELL strategy 40hourly chartIt does not look convincing for up move, as the stochastic eventhough possive, it is turning a bit, plus GOLD if firmer. Strategy SELL @ 18.7900-18.8350 and place SL above 18.9500 and take profit @ 18.6750.Shortby peterbokma3
USDZAR is Bearish.A possible sell move might agressively take place in the near future. Happy trading.Shortby ellcothleoma020
usdzar sellusdzar gave a good rejection from that resistance, with divergence valid for a 1:2 sellShortby kenwassajja111
USDZAR-NEUTRAL RANGE strategy 4-hourly chartThe pair has indeed broken through the expected 18.8500 area, and the scenario played out well. the decline did not go a sharp as I wanted it to be, as the 18.6500 has not met as yet. The parallel channel shows we have a range of 18.6700 - 18.8900 and this will be the paying field for coming sessions is my feel. Ultimately we should see 18.6000 GANN test I believe. Strategy BUY @ 18.7250-18.7400 and take profit @ 18.8875 with SL below 18.6550. OR Strategy SELL @ 18.8850 - 18.8650 and take profit @ 18.6850 with a SL @ 18.9450. by peterbokma3
Rand to 13 a dollarWe might see R20 a dollar before continuation down to 13 etc, but if not the case then from where the price currently is then we might continue dropping. Shared an Idea on Monthly, and this is how Weekly looks. Shortby TheofylrxUpdated 11111
A possible reversal before taking of to 19.10 againOn the H4 chart the price movement confirms that there will be a pullback on rand against yhe dollar to 18.717... yhen the price will look up on 19.10.... for a retest to give the market a sideways movement for the next 5 months... On the other side the H1 is showing a break for the bulls on the moving avarage and giving the price strength to push up with the dollar and against the rand...so the next high price on yhe rand against thedollar will be 19.10... for the coming week then anything can happen from there.... "Sideways or Drop with rand on dollar moving to 18.10... Keep your eye on this one for your profits in greensby SMR_Analytics1
USD/ZAR sellThe WXY correction is left with the y leg. the USD is bearish both fundamentally and technically. there is a short significant ZAR upside to make the sell a very attractive opportunity.Shortby MlungisiMpapane0
USDZAR-SELL strategy 4-hourlyWe abort the BUY for now without cost. The pair is dancing on the GANN support 18.8500 area, and a break means much lower levels to be seen. The pattern is also showing a kind of continuation pattern downwards. Strategy SELL curerent 18.8500-18.9000 area and place SL above 19.0550 for. Now based on expectation, sharp move lower is possible so profit order maybe around 18.6550. Shortby peterbokma2
Sell OppertunityZar seems to be overbought and forming a DT. Price is currently at a supply zone. Last week we saw heavy demand and a break upwards after distribution. by Kevins1987Updated 2
USDZAR-BUY strategy 4-hourlyThe pair broker 18.9750 which was my cut out point, when long, and as updated it would test 18.8700, which it did. Now we have bounced of GANN support 18.8100 estimated area (it shifts over time upwards). Stochastic is low, but not positive as yet, but I feel we will see higher levels again in coming sessions. Strategy BUY 18.8500-18.8750 area (suggested), and place SL below 18.7900 for now. Profit order I feel somewhere @ 19.0250. Longby peterbokma4