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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR Year Ahead 2024Here we are looking at the Pivot Point and the price is trading right at this important level. There are up coming elections in South Africa later this year and this will have a major impact on the value of this currency pair. Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To learn more get our website link on our main profile.
by ForexCollege
Heading into overlap resistance, could it reverse from here?USD/ZAR is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support. Pivot: 18.4787 1st Support: 18.1270 1st Resistance: 18.6895 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.
Short
by ICmarkets
USDZAR-NEUTRAL strategy 4-hourly chartrThe daily chart showed clearly upside potential, and the 4-hourly chart provided some good and lesser indicative accuracy, but fundamentals like cabinet formations certainly provided the movements sharply either way. The GANN line interacts now in a tug of war, and its not decisive either way from here. Considering the higher levels seen and were we are at, the chances are seeing slightly higher levels before it will settle again. Strategy try BUYING near 18.1500-18.1700 area and take quicker profits near 18.4350 and sl lets say 0.75% of investment amount. Otherwise just stay neutral and see what happens from here.
by peterbokma
USDZAR Short-term bullish signal but bearish overall.The USDZAR pair has been trading within a Channel Down since the April 09 Low. After pricing the latest Lower Low last week, the price is currently on the new Bullish Leg but got rejected today on the 1D MA50 (blue trend-line). Both past Bullish Legs of this pattern rose by +5.30%. On top of that, their 1D RSI sequences are quite similar. As a result, we take advantage of today's rejection and turn bullish, targeting 18.7500 (marginally under an expected +5.30% rise. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDZAR-RANGE strategy 4-hourly chartI have been traveling and back now. The pair has moved lower than initially anticipated, but for valid fundamental reasons. Now we are settling in and it is trying to find the direction short-term. The stochastic is non committal and overall we are in GANN angle downtrend. the daily chart is showing signs of higher prices to come. Strategy BUY @ 18.0150 - 18.0500 with SL below 17.9150 and profit order @ 18.3350. Strategy SELL @ 18.2350 - 18.2550 and place SL above 18.3150. Profit order @ 17.9750.
by peterbokma
USDZAR BuyI Initiated a buy trade. Looking for a pullback to 18.22938. Bears are in control but in the next 7 days or so this target will be hit. Little leverage used No stop loss Time limit is 7 trading days, if target isn't hit then trade is invalid. I've been refining my strategy; I think things will be looking much better moving forward. Don't join me, just keep track of my trades. I post for my own accountability and possible insights for YOUR OWN trading style. Cheers! Patience.
Long
by GlobalHorns
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