USDZAR Potential lower High formed looking to ride downtrend Looking at a potential downtrend forming to swing down to form a lower low and grab some pips Shortby SHAQZ1
usdzarMy idea perfect market rejection ,always believe. Watited for market to show reception then reactby Code-bread1
USDZAR -BEARISHUSDZAR BEARISH in 1HTF. printed Evening Star at LH possible down movement furtherShortby RIK061
USDZAR SELLING POTENTIALPRICE ON USDZAR HAS BROKEN OUT OF A REVERSAL structure with very strong momentum, now a lower degree continuation has been formed and awaiting breakout to trigger shortsShortby MusyFx1
Zone Trading The first step in zone trading is to identify key levels of support and resistance on a chart. Support is the price level at which buying pressure is strong enough to prevent the price from falling further, while resistance is the price level at which selling pressure is strong enough to prevent the price from rising further.Once these levels are identified, traders can then look for zones between these levels where price tends to oscillate or consolidate. These zones may represent areas of potential opportunity for traders to enter or exit positions, depending on whether the price is approaching or retreating from the support or resistance level.0by kingdomseekingnow111
SHORT THE DOLLAR-The USDZAR has bumped it's head almost perfectly at resistance and it certainly looks like momentum has shifted. I reckon you can short USDZAR for a move back to at least the 50 day moving average which should scoop you a healthy size profit. Ideally you should be looking to enter the trade at around 18.30. We know how volatile this pair can get. So you should be looking for a target of around 17.45. Happy trading! Shortby RobbyP2
USDZAR sella clear ascending sctructyrre once we get a breakout we sell and let the market playoutShortby breandon3
USDZAR LONGThe long term outlook remains bearish. In the short term we are seeing signs of a bullish correction targeting 18 levels. On the 4hr we have a CHOCH and BOS confirming the bullish correction.Longby morrisgitauUpdated 118
usdzar and xauusd outlook outlook of usdzar and xauusd is moving in the same trend 11:53by THABISO28082
USDZAR Support level hit 💯% guys now we wait for the market to react. VHT your mentor signing out by Victor_Hunter_Turner1
UszarUsdzar has been bullish for sometime, previous analysis can be found on my profile. Perfect entry has been activated, will allow this to play out to TP and two Longby MillionsSJ112
Rand pullbackTechnical indicators and fundamentals are lining up for a reasonable rand pull back as per my previous idea. I expect the rand to pull the pair lower onto the 23.6% Fibo retracement rate and psychological rate of 18.00. A break below 18.00 will see the pair fall onto the critical support on the blue 61.8% Fibo retracement rate of 17.84 which coincide with the neckline of the broken upward channel and the black 38.2% Fibo retracement rate. Fundamentals which are supporting some relief for the battered rand are most notably the easing of the selling pressure on US bonds. The US 10-year yield declined for the past two sessions after touching a high of 3.975% and is currently sitting at 3.865%. This will in turn cause the upward pressure on the dollar (DXY) to lose momentum. Additionally selling pressure on US equity markets are also subsiding. All of these factors are rand positive as it supports risk-on investor sentiment. Technically on the 4h there is bearish divergence on the RSI while we have a sell signal on the MACD. On the daily, the MACD buy signal is rolling over while the RSI is deep in overbought zones. All of which are rand positive. Shortby Goose96113
usdzarUSDZAR is at supply zone and it is starting to reject. Hope for a good sellShortby VALIDATION115
sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell by TheHapyy0
USDZAR, dailyZAR remains under pressure against the USD. Now trading above the first resistance level at R18.30 area, continued bullish momentum is bringing into play a key resistance level at 18.54. Later this after the South Africa Finance Minister Mr Enoch Godongwana will be delivering the 2023 SA Budget speech. Expected swipe-saw price action from the USDZAR as the speech commences. Markets will be closely listening to comments around the current energy crisis and the Minister’s proposed solutions. Any comments not received well by the markets will likely seen further pressure on ZAR bring the R18.54 price action into play.by Exness_Official0
USDZAR Sorry my charts are a bit messy cause I pride myself in clean charts. But this seems to be what my outlook or estimate for USDZAR in the coming weeks but mind you, I'm not in the USDZAR trade anymore what I would love you guys to do is be patient cause the market only rewards the patient allow it to playout before executing a trade. I wish you all a beautiful and pipful week ahead. VHT your mentor signing out ✌️ ✨️ by Victor_Hunter_Turner221
USDZAR Major level target almost hit. I rember calling this trade few days ago now we are almost at our overall target level, from there we could expect a massive correction but I don't know I'm not the market I only react to how the market moves. GHT your mentor signing out ✌️ ✨️ Longby Victor_Hunter_Turner112
USDZAR Bullish TrendUpdate on USDZAR Bullish Trend Possible Entry, SL, and TP are mentioned in the chart.Longby ahmdilyas0
USDZAR LONGMarket Structure is bullish...Demand zone created COS and further confirmation made-trade limit is setLongby Dee_PassivetraderUpdated 1
Wide turbulent ranges for the ZARReferring back to my long-term idea posted in January (linked below “1H2023 USD/ZAR weekly timeframe”) I believe that the pair has started its 5th impulse wave higher towards the 2020 high around the 19.30’s after the failed break below the critical support rate of 16.80. The rand has depreciated for five consecutive weeks since mid-January which has seen the local unit slide roughly 7.65%. The economic calendar for this week is a heavy one with a host of local and international events and data prints which is expected to throw the pair into a wide trading range. Locally, SA’s finance minister will present the updated budget tomorrow. The main point of discussion that investors will look out for is Eskom and it is anticipated that the government will advance their plans to take on a sizeable amount of debt from the ailing power utility. The rand also faces a potential grey listing by the FATF this week. Honestly, don’t expect any local factors that will be rand positive anytime soon. Internationally, Wednesday’s FOMC meeting results will be released which will probably just support the Fed’s recent hawkish sentiment. To wrap up the week, US GDP results for 4Q2022 will be released and on Friday the US PCE price index will be updated, the Fed’s preferred measure of inflation. It’s difficult to make a call how these data prints will influence investor sentiment. Despite all the above factors that are undoubtedly rand negative, the rand could pull the pair lower towards the 61.8% Fibo rate of 17.84 if risk-on sentiments flow into the markets following the FOMC minutes, US GDP and PCE data prints. The rand tends to pullback aggressively after an uptrend, it overshoots like a rubber band to the top and bottom side. If this pullback materializes, buying at rates around 17.80 may be favourable. The support levels currently sit on the psychological rate of 18.00, 23.6% Fibo at 17.95 and then the critical support at 17.83 which coincides with the neckline of the broken parallel channel. I’m personally looking to leave buy limit orders between 17.75 and 17.85. A break above 18.28/18.30 will invalidate the expected pullback. Technically the daily MACD seems to be rolling over and could cross to a sell signal while the RSI is sitting in overbought zones at 67.85 which supports this expected pullback. Two factors that also support this USD/ZAR pullback is my expected pullback in the DXY and the fact that Platinum is finding support around $920 per oz (ideas linked below). Shortby Goose96332
PAIR: USD/ZAR - LONGWe can see the Bullish trend with five consecutive Higher Highs and Higher Lows. If this trend continues we will take the trade on the mentioned analysis below. Account Size: 10000 Risk Percentage: 1 + 1 = Total 2 Percentage Amount at Risk: 100 USD Sizing: 0.0566 Lots Amount at Risk: 100 USD Sizing: 0.0566 Lots Total Amount at Risk: 200 USD Total Lot Size: 0.1132 Entry Point: 18.30922 Stop Loss (-1.78%) : 17.98565 Take Profit 1 (1%): 18.49559 Take Profit 2 (2%): 18.67937Longby Syedbilal222
USDZAR - possible shortA bearish harami formed on VELOCITY:USDZAR at a previous resistance level which is often a sign that a downward move is coming up. Will keep an eye on it it to see if it triggers soon.Shortby RossLarter2