Keep shorting I have a short position here and that the trade here is pretty much straightforward. Also the MACD histogram has turned negative and given us bearish convergence with price action. Shortby MoneyForNothingAndPipsForFree1
USDZAR ForecastThe impulse phase is complete we can expect a correction pattern to occur. The wave (5) was a nice Ending Diagonal Pattern which is often followed by a sharp reversal. We can expect the correction to trade around 50 to 61.8 Fibonacci retracement level, it can never be 100% of the impulse wave.Shortby Weshareio5
USDZAR-SELL strategy Daily chartThe pair has lot's of downside potential based on GANN protection @ 19.0750, and GOLD price increase, plus negative RSI and stochastic. Strategy SELL @ 18.9350-19.0250 and place stop-loss above 19.1500 for now. Profit order @ 18.3750. Shortby peterbokma3
USDZAR BULLISH ORDERFLOW :EXPANSION TO THE UPSIDEGood day once again traders on USDZAR we are trading an expansion to the Upside,If you look at the bottom of the chart you will see that the sellside liquidity was taken out and the market gave us a bullish market shift so we expect the market to shoot up to the Buyside liquidity.as you know, on an a bullish market downclose candles are suppose to keep price from going lower so we will be executing our entries on the bearish OB. risking 0,77% for 5%.GOOODLUCK!!! Entry:19.04689 SL:18.88690 TP:19.92525 Shortby Mokgethoa_MK225
selling opportunitywe might see a termporary sell. harmonic patterns are the best 90% win. lets wait and seeShortby bobo183
USDZAR-SELL strategy 4 Hourlythe pair has a strong rally during my trip overseas. This on the back of a weakening gold price and breaking levels. Now we are within a wider (GANN) band with downside pressures. We are below 19.3600 and next GANN support is 18.4300 area. The stochastic is in the lower end, and RSI negative too. I feel we may see little pullback, but is an opportunity to SELL. Startegy SELL @ 19.1500-19.2500 area and take profit @ 18.6700 for now. Stop loss maybe some where @ 19.3800. Shortby peterbokma4
USDZAR - Bullish RectangleIn this chart I've identified a bullish rectangle continuation pattern. I expect the chart to keep going bullish and so I've placed the buy stop above the resistance level and stop loss below the support level. Let's see how this one plays out.Longby mstmehmood0
USDZAR has Printed Inverted Cup and Handle PatternUSDZAR has printed Inverted Cup and Handle Chart Pattern on 1HR timeframe. Entry Price along with Stop Loss as well as Profit Targets are clearly marked on the chart. RSI is in sync with the price and no divergence is spotted.Shortby qasim0090
USD/ZAR upside to R21.72 after a resistance breakout Rev C&H has formed on the USD/ZAR. If we get a slight retracement back it could be forming a Right shoulder to an Inv H&S. Regardless, this looks bearish for the ZAR and bullish for the USD. Other indicators are showing upside to come for the greenback. 7>21>200 RSI>50 Target 1 will be R21.72. Ouch for the rand. The government and load shedding is really messing with the economy of this beautiful country of opportunities and diversification. Longby Timonrosso333
USDZAR setup : monitor how the market broke out off the trend channel , now retesting the support of the trend channel Shortby khzacapital4
Bullish FlagAs the Bullish trend continues with no divergence, hence we can predict that it will continue the trendLongby gharisbinqasim3
Trip to the 19.30'sIt wasn’t smooth sailing for the rand last week after the local unit depreciated by roughly 3.00%. The USDZAR pair is forming a 5-wave impulse pattern which could see the rand slide further towards the 19.30’s. The MACD is holding a buy signal and the RSI still has room to move higher before hitting overbought zones. A break below 18.66 will however invalidate the idea.Longby Goose96Updated 1
USDZAR The South African rand was weaker in early trade on Thursday, ahead of U.S. jobless claims data that could give hints at future interest rate hikes by the Federal Reserve. At 0608 GMT, the rand traded at 18.3800 against the dollar , around 0.33% weaker than its previous close. The dollar last traded at 102.080 - around 0.06% stronger - against a basket of global currencies. "(The dollar/rand exchange rate) is strongly biased downwards this morning but has struggled to gain any momentum and the multi-week trend still looks like it is over," said Rand Merchant Bank analysts in a research note.by FXTJOSH111
USDZAR looking pretty goodUSDZAR structure is super clean ,it be a prime to miss this trade ,looking that one last push up ,fake move beginning the week .this be a good one Shortby DeemshoksUpdated 1
USDZAR ShortHi traders, as you can see this pair is most likely to change trend to the downwards. We are expecting a 3rd touch at the filled zone with liquidity grab. Make sure to to do a top down analysis for a better view and understanding of how price behaved and likely to playout. What do you think?by Nas100_dax114
USDZAR BEARISH ORDER FLOWGood day traders on USDZAR as you can see the market broke the sellside liquidity and gave us a bullish market shift, then market shot up into our OB+GZ so our reason of entry here is that we think the market might tank down because it tapped into our OB+GZ and it is in premium ontop of that the market gave a BMS and did not come down to respect the FVG inside our range so that is were we will looking for price to return to ENTRY:18.96119 SL:19.01422 TP1:18.78666 TP2:18.66116Shortby Mokgethoa_MK116
usdzadlets sell usdzar entry exit are provided i also see a drop on usd index Shortby murendiUpdated 15
Long term sell USDZARUsdzar is failing to break the resistance as it has been testing it a few time. The breakout will also confirm the downtrend.by ForexSkinny337
USDZAR-3B BRAKEOUT1-10YR: Bullish Trend and Filled Previous YR Wickfill 4W/1M:1-2 Bearish Bar RTM (Bullish) Expecting 3-5 Bar Trending days on Daily (Trade with risk management and move to below new legs as market trend on Small timeframe Longby Jeremiah_Capital9
USDZAR-SELL strategy 4-hourly chartThe pair held the previously stated 18.4350 support area, and the support of the channel lies @ 18.5400. The stochastic is high, and RSI is overbought, but both are POS still. I feel the conditions may lead to higher levels, and the strategy suggested is as follows Strategy SELL @ 18.85-18.9000 area and place financial stop. Profit order near channel support @ 18.5400 or at the time with latest support level. Note: am away for 10 days and will not update often due to travel. Shortby peterbokma559
USDZAR TAKE SELL POSITIONthere are confirmations .On the daily timeframe we can see a Head and shoulder pettern and 1hr we can see tripletop..morelike an M formation check 15 minutes for a sell03:10by joshuadonbasil86
USD/ZARFX:USDZAR Price seems to be at the top of a strong monthly descending trendline. The death cross happened last week (200 and 20 ema crossing) and caused price to drop. I believe it will continue to fall.Shortby eyeseeart4