Long position on USDZARA long position has been triggered on USDZAR this morning, with the move so far. We placed the order because of the break and close above the descending resistance level that has been intact since 5 August. Looking to reach the target at the resistance level of 18.46900Longby RossLarter4
Bearish drop?USD/ZAR is rising towards the pivot which lines up with the 61.8% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 17.92393 1st Support: 17.67661 1st Resistance: 18.05016 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets10
USDZAR-BUY strategy 3-hourly Heikin ashiMost indicators are suggesting we will move higher again short-term, and a test of 18.9100 seems possible. Strategy BUY @ 17.7000-17.7500 and take profit @ 18.8950 and SL below 17.6500 for now. Longby peterbokma4
USDZAR BUYSI doubt you will ever see another double bottom as clear as this one. We can buy this pair when market opens and/or at the neckline break, either way 18.35 is our target. Let us see how price reacts at this bottom.Longby Technical_AnalystZAR9
USDZAR-SELL strategy 8-hourly Heikin AshiWe have corrected as expected, and then it fell sharply. The stochastic is turning negative and other indicators show negative conditions, therefore we are in a SELL mode now. Strategy SELL @ 17.75-17.80 area, and take profit @ 17.4850 for now. SL based on your individual risk parameters. Shortby peterbokma1
USDZAR Elliot WaveWe can look for sells now around 17.91 and look to take profit around 17.55. Price looks to be trading within a channel and as we can see on the chart, the support is due a visit before we can look to buy.Shortby Technical_AnalystZAR5
USDZAR-BUY strategy 6-hourly chart Heikin AshiWe have some minor positive reaction on Heikin Ashi, positive stochastic and oversold RSI (not shown). the AO shows upside potential, albeit we are below zero line. strategy BUY @ 18.7500-18.7950 and place profit order @ 18.0150 for now. SLK based on risk appetite. Longby peterbokma223
USDZAR-BUY strategy 8-hourly chart Heikin AshiThe pair continues southward, and this was aided by increase of GOLD price. There is no confirmation as yet for the correction to set-in, but nevertheless, we are oversold quite extreme, and as always it is difficult to select the BUY entry levels. I felt much earlier to try, but keeping SL in place all the time. For now strategy no change and BUY @ 17.8200-17.8800 or add to positions, if not stopped out. SL as always based on your own risk parameters. I see profit levels around 18.2150.Longby peterbokma113
USDZAR Channel Down intact. More selling to come.The USDZAR pair has been trading within a Channel Down pattern since April and currently is more than half-way through its latest Bearish Leg. Technically it resembles the Bearish Leg of May, which completed a -7.00% decline in the pricing of its Lower Low. As a result, our short-term Target on this pair is 17.500 which is slightly less than -7.00%, near the Support 2 level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot7
Bullish reversal?USD/ZAR is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 17.92416 1st Support: 17.74888 1st Resistance: 18.12955 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets9
USDZAR-BUY strategy 4-hourly chart Heikin ashiOverall have no change of view. Even though lower, the indicators still suggest we should see higher grounds for corrective reasons. RSI is oversold and a very flat stochastic as well. Strategy BUY @ 17.9650-18.0250 and take profit near 18.1950 and SL based on risk appetite. Longby peterbokma0
USDZAR short bearish outlooktrend going to the downside ... what do you guys think about this setup?Shortby sergiojdelgado110
USDZAR-BUY strategy 4-hourly chart Heikin AshiWe got some positive signs now first time, and this provides still the same view, albeit difficult to access were we should see the BUYING side. Strategy BUY @ 18.0600-18.0900 and taker profit near 18.2950. SL based on risk appetite.Longby peterbokma2
Potential bullish rise?USD/ZAR has bounced off the pivot and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 18.03295 1st Support: 17.94288 1st Resistance: 18.17598 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets7
USDZAR-BUY strategy 4-hourly chart Heikin AshiThe daily chart dominates, as noted yesterday that there was downside potential. Now we have moved beyond the suggested buy levels yesterday, but nothing has changed. we are oversold, and low stochastic levels, and the chance GOLD may retreat, poses upside risks. The Heikin Ashi is not confirming yet a turnaround as a note. Strategy BUY @ 18.0850-18.1200 and place SL according to risk appetite and profit order @ 18.3150 for now. one may already be long, so add based on the strategy if one is able too. Longby peterbokma0
USDZAR-BUY strategy 4-hourly Heikin AshiThe daily chart shows more downside potential, but based on 4-hourly, we see a chance of move higher whilst we have firm GOLD price. I would treat this carefully of course. The stochastic is positive. Strategy BUY @ 18.1750-18.2150 and take profit @ 18.3950 for now. SL as per risk appetite. Longby peterbokma223
Bearish drop?USD/ZAR is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level. Pivot: 18.30934 1st Support: 18.12993 1st Resistance: 18.43011 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets7
USDZAR-BUY strategy 3-hourly chart Heikin AshiThe pair is under pressure, and likely will move lower into 18.1750-18.2000 area. this would mean trading below the channel support, and usually will encounter a rebound. Strategy BUY @ 18.1950-18.2100 and place SL according to risk appetite. Profit order somewhere 18.3950-18.4350.Longby peterbokma2
Bearish drop?USD/ZAR is reacting off the pivot and could potentially drop to the 1st support which is a pullback support. Pivot: 18.39589 1st Support: 18.17481 1st Resistance: 18.55218 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets8
USDZAR- BUY Strategy 4-hourly chart Heikin AshiI feel we may lower first, but I think we have moved to far south for a SELL strategy. For now BUY near 18.2300 and take profit near 18.4550. SL based on risk appetite. Longby peterbokma5
USDZAR 15 MIN TF- The 4H TF is bullish. - The 15 min TF has re-aligned with the 4H bullish trend. - Now we wait for price to mitigate the 15 min OB. - Once price reaches the OB, switch to the 1 min TF and wait for the 1 min TF to align with 15 min bullish trend. - After the 1 min TF aligns with the 15 min trend, refine the OB on the 5 min TF and set your limit order on the 5 min OB. - 1ST TP is the 15 min high. 2nd TP is the 4H High.Longby luckyveerasamy924
USDZAR-SELL strategy 4-hourly chart Heikin AshiThe downside pressure continues and I suspect we will see a test of 18.2350 again. the stochastic is negative and AO shows the same. Strategy SELL @ 18.3950-18.4350 and place SL based on risk appetite and profit order @ 18.2400 for now or lower. Observe the stochastic level and change of AO when it happens. Shortby peterbokma1