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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR Currency Pair AnalysisHello there, The USDZAR is ranging below the 19.26763 resistance area and seems to aim for the 17.57160 low. Only when the price makes a lower high below 17.19152 will there be a potential trend change. The market analysis suggests a bullish trend, despite the bearish price movement, indicating that the momentum is volatile and the bearish range is neutral. It seems that emotions are playing a significant role in this market's behaviour, making it crucial to stay cautious and closely monitor the price action. I will call it neutral. * Be adaptable: Keep your trading approach under review so you can react to changing market conditions. Happy trading, K.
by Khiwe
USDZARBreak of Asian low, price reacted on 1Min OB and gave CHOCH on 1MIN. sell limit placed at 18.23465. Targeting previous IHR high which is our liquid area as well. Remember: -Every moment is unique -Anything can happen -There is a random distribution between wins and losses in an given set of variables that define an edge -You don't need to know what's gonna happen next in the market in order to make money -An edge is nothing but an indication of higher probability of one thing happening over the other.
Long
by thiwani
USDZAR-RANGE TRADE Strategy 4-hourly chartThe pair likely will maintain a wide range between 18.1250 - 18.4850 area for coming week, I feel. the stochastic is low and looks like we may turn a bit, which means short-term we may see a move back towards 18.3950. the over all picture is we may see move lower as long we remain below 18.4950 area. 1. Strategy BUY @ 18.2150-18.2500 and take profit @ 18.3875 2. Strategy SELL @ 18.3750-18.3950 and take profit @ 18.1950. SL make it 1%-1.25% of your capital employed.
by peterbokma
2
USDZAR BUY ( SA GOV UNITY EFFECT )Stability vs. Uncertainty: A unity government formed by multiple parties may initially be perceived positively by investors if it is seen as a move towards political stability and consensus-building. This could lead to increased confidence in the country's economic prospects, potentially supporting the currency. Policy Clarity: A coalition government might face challenges in implementing policies due to divergent interests among the participating parties. However, if the coalition can provide clarity on economic policies and reforms, it could bolster investor confidence and have a positive impact on the currency.
Long
by twoxcee6
3
When in doubt zoom outThe volatility of the rand is forcing us to “when in doubt zoom out.” Last week the rand managed to pull the pair to a low of 18.47 but the blue support range held its ground. The two critical rates to watch now is the 200-day MA support at 18.78 and the 61.8% Fibo resistance rate of 18.87. A break above 18.87 will allow the pair to test levels above the blue downward trend line and move into the red resistance range between 19.16 and 19.28. A break below 18.78 will however allow the rand to re-test the support range around the 18.50 mark. The rand is currently at the whims of global investor sentiment around SA’s new government of national unity but as the dust settles SA will be able to attract investors back into the SA bond market which is rand positive. The recent performance of the SA economy and the cooling of global commodity prices are however rand negative. Range bound movement between 19.00 and 18.70 can be expected as the pair looks likely to fall into a corrective pattern. A break below 18.50 will however invalidate the expected 5-wave impulse in the chart.
Long
by Goose96
1
USDZAR-BUY strategy 4-hourly chartTe daily chart did well, and profit taken. The 4-hourly suggestion went beyond the 18.6150 and we have broken below GANN levels as well. Under normal circumstances, I would suggest selling now, but since stochastic LOW and also being below regression channel, a pullback usually takes place. GOLD seems to recover higher is my view, but since the pair already declined, we may see recovery first before down. Strategy BUY @ 18.5350-18.5650 and place SL below 18.4350 and take profit @ 18.8150 for now.
Long
by peterbokma