breakout uptrend price has broken out of the channel with bullish momentum after rejecting key support level multiple times.
USDZAR trade ideas
Usdzar is longFor now I will be focusing on buying orders only since well my analysis are indicating that usdzar will continue being bullish before major sell order.
I will see how it goes.
Happy trading.
USDZAR-RANGE SELL 4-hourly chartThe pair has reached profit level, and for now we should SELL into rally within the range.
We are below mid-Keltner, and strategy is SELL near the mid-level, i.e. 18.9050 area (check the current level at time of your SELL).
Stochastic is negative and keeps the pressure on the pair.
Strategy SELL near 18.9000 and place SL above 19.0200. Profit order @ 18.7150.
USDZAR Speed lines FibonacciPrice trading midway between my resistance and support speed lines. Price bounced of a horizontal support, but did not reach the 38.2 retracement level. On my short list and will read the candlesticks as soon as price start intersecting my speed lines. Set alert on your trendlines and only check back once alerts are triggered.
USDZARWe never had our Choch Supply tested so this week I'm looing forward to seeing the market take out the liquidity thats been generated below our Supply'
USDZARUSDZAR is clearly bullish. but there seem to be some sort of selling opportunities at the support turned resistance the after retest where it looks like its going to push to. Resistance lies exactly at 61.8% fib level, another trust worthy confluence. if that happens, we expect USDZAR to fall to 18.10 where we might have a good buying opportunity. our confluences here: 1. Possible head and shoulder pattern, 2. A 61.8% fib level retest, 3. retest of an ascending trendline
USDZAR-NEUTRAL 4-hourlyProfit taking should have been done near suggested levels. For now we consider further BUYING mode when settled above 19.0500. Otherwise remain neutral and sit on the side lines.
For those willing, as a try-out SELL @ 19,0150 and SL @ 19,0750 and take profit @ 18,9200.
USDZAR ForecastWe're trading in a double correction pattern in the weekly timeframe. We have the wave W and X waiting for wave Y completion.
usdzar buy tradeThe USD/ZAR pair has been in a strong uptrend since July 2023, breaking above the resistance level of 18.00 and reaching a four-month high of 19.10 on October 9, 2023. The pair is supported by the rising 50-day and 200-day moving averages, which indicate a positive momentum and a long-term bullish trend. The pair is also trading above the upper boundary of the ascending channel, which suggests a continuation of the uptrend and a potential breakout to the upside.
possibly headed back upwaiting for correction to finish followed by bullish momentum to the upside. i a new trader this is not advice. trade wisely
Sell USDZARUSDZAR is very bearish. The pair has been falling for the past weeks now. It's time to continue down.
USDZAR-BUY strategy 4-HourlyThe previous update SL was executed @ 18.9150, and we moved further south. The RSI and stochastic are both low, and the key is GOLD behavior. I feel GOLD is overdone, which I believed to be the case on the previous update, but like a train, it did not stop.
Strategy BUY 18.8000-18.8250 and place SL below 18.7250 and take profit @ 19.0450 for now.
correction before continuationim waiting for price to finish correction then i will enter for the trade
USDZAR>>> Bearish?Hi, Hope you all are doing well.
There is a good opportunity on USDZAR for short.
Wait for retracement then we will look for short.
Good luck.
USDZAR-BUY strategy 4-HourlyThe pair has declined sharply, and perhaps a little more than expected. Now we have gone on the extreme other side, and likely we may see corrective action here.
Stochastic is low, and we are lower part of Kelner channel as well.
Strategy BUY @ 19.00-19.0750 and take profit @ 19.2150 for now (monitor it if we do not manage to go through mid-Keltner). SL @ 18.9150.
SELLS USDZARUSDZAR is in a resistance area, at 19.42019. am also seeing it has broken of a bearish flag. am expecting price to sell all the way to 18.90298. Always use proper risk management
usdzar sell trade the pair has recently broken down the support line of the rising channel and approached the 200-day moving average line at around 19.2734.
This indicates a possible reversal of the uptrend and a bearish outlook for the pair in the short term
USDZAR One last High before this 3-month rally is exhausted.The USDZAR pair made a 4-month High last week, extending the 3-month rally since the Higher Low at the bottom of the Channel Up pattern on July 27. With the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) supporting, based on the previous Higher High, the price has one last run to make before getting exhausted. Our target is the 1.5 Fibonacci extension at 20.2500.
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USDZAR SA economy is dodging bulletsUSDZAR tested the inverted head and shoulders neckline on 5-6 October
If this neckline breaks, the target is 21,17.
That means more fuel & food price hikes.
With interest rates looking set to continue rising into the future, SA consumers is in for
a hard landing.
USDZAR-NEUTRAL SELL 4 Hourly chartI feel we are nearing profit levels, and in fact I had first taken back near 19.4100 and then re-sold @ 19.58 again. So, my profit target of 19.2350-19.2400 likely will shift to BUY back 19.2700-19.2900 I think.
Strategy SELL @ 19.3800-19.4100 on pullback and SL @ 19.5050 (not too far away form short this time). Profit order @ 19.1850.
USDZAR Short trading opportunity(short-term) 16expect ZAR to strengthen against the dollar about 20 cents +-, I have opened a short position with the size of (50000USD), speculating that the ZAR to strengthen in the short term within a day or within a few days to 19.785+-.
Stop Loss is around 19.05+-, take profit is 19.785+- , the entry price is 19.00+-
