USDZAR trade ideas
WILL THE USD CURRENCY GAIN MOMENTUM AGAINST ZAR???USDZAR has been in an uptrend since the 30th of September in an overall bearish trend, we're looking to have a 3rd touch on our H4 bearish trend which could also result in a breakout depending on the buyers momentum, there is also a significant level acting as a CEILING, I believe we will once again see the reaction of SELLERS once price reaches this level. I am at a H1 trend breakout at a support level looking for more buy signals... WHAT IS YOUR TAKE???
USDZAR-BUY strategy 3-hourly chartThe 90 Minute chart is negative, and that is why downside prevails short-term. GOLD is major overbought, and the key to a strong reversal of the USDZAR.
I am inclined to BUY at lower levels short-term.
Strategy BUY @ 17.5350-17.5500 and place profit order @ 17.8550. SL based on your personal preferences.
SELL USDZARClear head and shoulders pattern formed on H1. A massive bearish flag can be observed on bigger timeframes. Sell now at 17.63 to 17.40 for now.
USDZAR 18 October 2024 Skye Pulse 26 Forex Edition📊 Last Volume: 27, Average Volume: 35.612
📉 Volume below threshold, no action.
📉 Sell signal generated for USDZAR.
📊 Analyzing USDZAR with current price: 17.55705
📉 MACD Line: 0.01 | 📈 Signal Line: 0.01 | 🔶 Histogram: 0.00
📊 200-day MA: 17.56
No strong Buy or Sell signal for USDZAR, holding position.
Generated Signal: Sell at price 17.55705
💹 Current Price: 17.56
📈 Fibonacci Levels:
0% Level: 17.65 🔽
23.6% Level: 17.62 🔽
38.2% Level: 17.61 🔽
50% Level: 17.60 🔽
61.8% Level: 17.59 🔽
100% Level: 17.55 🔼
The price is below the 50% Fibonacci level, caution with the Sell signal.
💵 Last price: 17.55705
📈 Supply Zones:
📉 Demand Zones:
📊 Current Trend: Sell
🚫 Alert! ❗ No valid signal for trade setup. 🔄 Please review your strategy and data!
⚠️ Alert! ❗ Can't determine the trend with the current data for USDZAR. 🔍 Please verify your inputs!
💡 ❌ No harmonic pattern detected. 🚨
THIS IS FOR EDUCATIONAL PURPOSES ONLY !!!!
IM TESTING THE EA , PLEASE DO NOT SEE THIS AS TRADING SIGNALS
Buy RetracementGood day traders. Here is a setup on USDZAR, as you can see in the chart above we are looking to buy USDZAR with the reasoning that price is going to continue coming down to the 61.8% Fib retracement and pair correlations and other technical analysis. Conclusion we look for Buys around the 61.8% zone.
USDZAR-SELL strategy 6-hourlyThe pair is supported by GOLD and the lofty levels attract lower USDZAR levels. Keeping in mind we are not correcting GOLD as yet, the pair may travel further south towards 17.5150 again
Please note GOLD is very overbought and any changes to it may spike the pair upwards. so we should take care a bit at present levels.
Strategy is CAREFUL SELL @ 17.6650-17.6800 and tight stop. Profit level @ 17.5350.
USDZAR-SELL strategy 90MINThe pair has tried higher and failed, and will now likely return back to 17.6250 again.
Strategy SELL @ 17.7150-17.7350 and take profit @ 17.6350 for now. SL as usual your own preferences
USDZAR SellWe remain bearish on the dollar index. USDZAR looks to be trading within a bearish flag. Q3 of this year started with good ZAR strength. This pair should continue downwards towards 16.9.
USDZAR-NEUTRAL BUY 6-hourlyThe pressure is on upside, and I see potential of break 17.7250. The stochastic and SMI are flat, but high, and indicates that overtime we may see pullback to 17.4450 again. Short term upwards first.
Strategy CAREFUL BUY @ 17.6050-17.6400 and place profit order @ 17.7800. SL based on your own risk appetite.
POSSIBKE SELLS ON USDZAR As my previous analysis of usdzar, I said it may form a double bottom at the top then continue with it reversals... it had reached the top and failing to break it.
POSSIBKE SELLS ON USDZAR As my previous analysis of usdzar, I said it may form a double bottom at the top then continue with it reversals... it had reached the top and failing to break it.
USDZAR-SELL strategy 3 hourlyThe pair has tried to move lower from the heights, but stalled around 17.5580 area and now we are attempting to move higher. Overall, I see move back towards 17.4950, but spikes may happen, as stochastic is positive (even high) and SMI is also overbought as well.
Strategy SELL @ 17.6350-17.6850 and take profit near 17.5150. SL based on personal preferences.
USDZAR-NEUTRAL SELL 6-hourly chartThe pair has climbed as expected, and it may even move higher, providing we can overcome 17.6450-17.6500 area. That is why am a neutral SELL because we have run up a lot, and I think OIL will recover back towards 73.50 and GOLD may stabilize above 2,630 area. The longer view is GOLD will correct towards $ 2,450.
Strategy SELL current 17.6200-17.6500 and place tight SL. Profit order somewhere 17.4950.
Strategy could also be BUY @ 17.5750 area and take profit near 17.6900 for those willing to range trade it a bit.
USDZAR-BUY strategy 6-hourlythe pair has moved away from 17.40s and we are on the verge of testing 17.5950-17.6050. Based on the overall picture, I feel we see 17.7800 being tested coming days.
GOLD is softer and may turn lower which will ignite the pair to go higher. Also the DXY may test 103.70 area, as per some analysts, hence more reasons to see it follow suit as well.
Strategy BUY @ 17.5350-17.5650 and take profit near 17.7350 for now (but monitor break of course). SL as per your personal preferences.
Buys on USDZARI forgot to update my last USDZAR Analysis posted on Saturday. I got bored reanalyzed it. Looking at it in the smaller TF like 4 hr, I saw that it failed to break the previous low it made and used my confirmations that helped to understand the the market has more probability to go to it previous high from, and maybe there it may reverse back forming double top and continue with sells, but for now I see buys.
Potential bullish rise?USD/ZAR is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 17.3355
1st Support: 17.1641
1st Resistance: 17.59060
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Further Sells On USDZARI'm back, took a little setbacks by managed to crawl right back up and looking forward to connect and hear from other traders their ideas. Let's get in to it. Looking at the weekly time frame, usdzar has retested a zone and reacted it now what's left is it to continue it motion downward until it riches the previous low it created.
Further Sells On USDZARI'm back, took a little setbacks by managed to crawl right back up and looking forward to connect and hear from other traders their ideas. Let's get in to it. Looking at the weekly time frame, usdzar has retested a zone and reacted it now what's left is it to continue it motion downward until it riches the previous low it created.
Trade idea - USDZAR Long4H
After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
USDZAR-buy strategy 90MIN chartThe pair is finding a base, and we may see some pull-back today towards 17.5900 before moving south again (see 3-hourly chart update).
Strategy BUY @ 17.5000-17.5200 and take profit near 17.6000. SL as per your own risk appetite.
USDZAR-SELL strategy 6-hourly chartI feel we may have room to lower levels. I would be a cautious seller. Reasons, we have lot's of SELL pressure 17.5300 area, and further, SMI and Stochastic negative.
Strategy SELL @ 17.5300 -17.5700 when seen and take profit @ 17.3850. SL based on your own preference.
USDZARas follows on the chart above my thoughts on USDZAR the market structure indicates we going bullish to take out liquidity was left behind.
