USDZAR H4 and the beginning of the downward trendIt looks like USDZAR H4 is preparing to start a downtrend to the support level of 17.80 after breaking down the uptrend line and pullback to it again.by Analyst_FxUpdated 223
USDZR looking like its on a RSISOn the higher TF pair is currently on a descending channel and has just gotten its 3rd touch also just got another cornfimation when market created that ChoCh and a current retracement on the LTF OB Longby samkelosuarez93
usdzar bearish trendusdzar is forming lower highs and lower lows. just looking for a dawndard trend in action.Shortby ahmadwasay1
USDZAR - Bullish ABCD PatternBullish Divergence at RSI Price currently trading HH after breaking Possible Reversal Zone Possible Entry and targets are mentionedLongby ahmdilyas0
AB = CD PatternUSD/ZAR formed AB = CD harmonic reversal pattern with C point Retracement at 0.554 and BC Projection at 2.046 with a clean Bullish Divergence at the Potential Reversal Zone. Waiting for Higher Highs and Higher Lows movement to generate trade entry and exit signal.Longby Syedbilal0
USD/ZAR, More on the downside?Potential short-term short on the USD/ZAR. On a daily chart the ribbons seem in parallel indicating that the current down trend is maintaining its momentum. 1st potential target 17.67891, 2nd potential target 17.61881Shortby TradeobiJim0
usdzar trade setupusdzar ready to big drop are you ready for big bearish Shortby ICTCONCEPTTRADINGUpdated 12
USDZAR Guys this has been an awesome few months. None the less my bias has not changed more upside for the US dollar on this pair. A triangular pattern is being formed on this pair so guys we are still bullish on this pair. VHT your mentor signing out ✌️ ✨️ Longby Victor_Hunter_Turner3
Good SellsAs we wait for a retest, we will be taking sells on USDZAR. Good food for the day!by Thapelo_Christos114
USD/ZAR - Bearish Flag Looking at the recent price action shows us a clear bear flag formation. - Trend = Downward - Divergence = No Divergence found - Pattern = Bearish Flag - Breakout/Confirmation = Confirmed Account Size: 10300 Risk Percentage: 1% Amount at Risk: 103 USD Sizing: 0.05447 Lots Entry Point: 18.01240 Stop Loss: 18.35620 Take Profit: 17.69916Shortby Syedbilal2
USDZAR in Bearish TrendUSDZAR Valid trade setup for position Trade because in HTF this pair in High curve🥳 usdzar droping from the HTF supply areaShortby kashi_fx4
usdzarprice action shows that usdzar have made a correction and ready for an impulse.Shortby VALIDATION4
USD/ZAR pre-SARB rate decision.The SARB will release their latest interest rate decision on Thursday and expectations are pointing to another 25bps hike which will push the repo rate to 7.50%. I haven’t posted an idea on the pair in quite a while but a whole lot has happened since my last idea. March has been a very turbulent month for the local unit, but the rand is holding up relatively well in the month of March given the recent fragilities in the US banking sector. As things stand the rand has depreciated just over 1% against the dollar this month. The rand however slid to a three year low of 18.71 earlier this month but it did manage to pull the pair to a monthly low of 18.01 on the back of a broad-based weaker dollar. Currently it seems as if the pair has completed an abc corrective pattern following the 5-wave impulse which saw the pair climb from the yearly low 16.70 to 18.71 earlier this year. In the beginning of the year, I predicted that the pair would hit the 2020 high of 19.36 in the 1H2023 (I tagged the idea in this post). I’m not prepared to stick my neck out just yet to confirm my previous idea haha however a break above the yearly high of 18.71 could confirm the move as it will signal another impulse move higher. A re-test of the pair’s 50-day MA rate currently at 17.90 is still on the cards given the down trend on the daily RSI and sell signal on the MACD. The 50-day MA coincides with the 38.2% Fibo retracement rate of 17.91 and we would need a convincing break below this level in order to invalidate the move north of 19.00. Currently the 23.6% Fibo rate of 18.22 and the neckline of the parallel channel is holding support for the pair. Fundamentally there is not much supporting the rand. Commodity prices had a woeful first quarter off the back of the 10%+ declines in brent crude oil. Credit markets (US 10year yields) have seen massive daily swings following the fragilities in the banking sector which is eroding risk-on investor sentiment. The only thing that will be fundamentally rand positive is some degree of stabilisation of the US debt market (US 10-year bond yields) and higher commodity prices. As long as the credit markets remain unstable the rand won't be able to gain from its carry trade advantage. In summary; critical supports = 17.90 and 17.68, major resistance = 18.60 and 18.71. by Goose960
My simple plan A helpful suggestion is to wait for a candle to close and ensure that the entry candle surpasses the previous candle's closing price above the moving average pivot line before entering the market for confirmation.0by kingdomseekingnow2
USDZARExotic currency pairs do possess a certain allure to experienced traders in terms of returns. The South African Rand (ZAR) has been battered lately due to macroeconomic data and political upheavals experienced lately. These geopolitical and economic risks are correctly priced into the market Using the smart money concepts, we are witnessing a return to a previous supply established in 2021 and an elimination of price inefficiency. The risks highlighted above only serve to drive the price back to the identified supply. Currently, we do not have a confirmed set up though market data indicates we are likely to witness a breakout in the coming weeks. On the Daily chart, we are waiting for a break of the daily structure at the 18 price handle. Once this is confirmed, we expect a retracement to the confluence of fresh supply and liquidity sitting at an 18.5 price handle. At that price, we will place our sell orders targeting the downside 17-16.5 price handle. Should the price fail to break lower after consolidation and instead breaks higher, this set up is declared invalid and we shall adjust accordingly. Shortby morrisgitau112
Dollar Strength next weekOPTION 1: DOLLAR STRENGTH A) It will break the short term Trend Line (white) to the downside and retest support (blue bottom) it is already showing signs of retesting that bottom line. B. This is in the zone of a 68.1 Fib retracement level (BUY) for a continued uptrend OPTION 2: Dollar Strength A) It might bounce back into the short term trend line (WHITE) (confirming support) with a continued uptrend retesting the current resistance nearest (blue) UPSIDE Option 3: Neutral/Dollar weakness it will retest the nearest support (blue) A) Chop around break to the downside for a continued downtrendLongby calebdean212
USD/ZAR - Tentative Hello with the Feds rate decision in play we see that the Rand is getting stronger. Going down to 4hr Support level. One of two things could happen here 1. The rand could reach up again to close the future value Gaps noted on the 1hr timeframe. This will suggest that the dollar will recover. We will have to monitor the movement in this zone. 2. We could see a sharper movement downwards breaking through the 4hr support zone. This will give us good momentum for sell positions and we will move into the 18.0000 zone. At this current moment my bias is more centered around bullish momentum as noted on the 4hr TF we had strong bearish momentum. Remember price must correctly deliver both sides before we reach for any liquidity Stay Safe by KingDee571
USDZAR SellUSDZAR Playing out nicely, sellers have some control. Sell to 17.21 should the sell play out as per forecast. Keep on the lookout for any signs of change in down trend. by sk_therealmakuleni5
USDZAR LONGSame story...HTF & LTF showing bullish confluence...price has not touched a counter zone or broken BBR therefore no need for further confimationLongby Dee_PassivetraderUpdated 0
USDZAR Potential H&SPrice could possible form the Right shoulder wait for bearish 4h candle to confirm the movement Shortby SHAQZ5
UZWe are here unfortunately here but we saw it coming and we are sharper today than we were yesterday Longby Mhangwane10