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U.S. Dollar / South African Rand

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USDZAR trade ideas

USD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Demand zone + RSI Oversold 🟠 EP 18.89879 🔴 SL 18.98955 🟢 TP1 18.77636⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 18.68988⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 18.59142🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
2
USDZAR-RANGE 4-hourly chartCurrently we are under pressure and this may go further until somewhere 18.5150-18.5300. The overall pattern (daily chart is easier to see) is a large "W" shape, and we are supported trend line near 18.5100. The neckline of the W is somewhere 18.9350 estimated. For those playing a larger play, may consider looking at this pattern, either by early entry or on break-out. Strategy short-term is BUY near 18.5100- and place SL @ 18.4350. Profit @ 18.8575 or SELL near 18.8500-18.8800 and place SL above 18.9450. Profit order @ 18.5975 now. Medium-term play consider BUYING near 18.5100 and place SL @ 18.3875 and take profit at 19.6550.
by peterbokma
Heading into Ki DezembaThe rand has now given back almost half of its October gains following the ill received CPI figures and SARB interest rate decision. The rand slide roughly 2.5% last week which saw the USD/ZAR pair touch a high of 18.96. Luckily the rand managed to keep the pair below the critical 50-day MA rate of 18.82, but a break above this rate could see the rand slide further towards 19.20 as we enter the month of ki Dezemba. It is difficult to gauge the rand’s moves but the rise in investor risk-on sentiment and eased liquidity conditions in fundamentally rand positive. The breakout of the downward channel and the break above the 200-day MA is however technically rand-negative.
by Goose96