USDZAR; Key Technical Areas For EntryHey Traders,
Lots of traders are looking at the USDZAR and current price action areas.
Particularly this comes at key resistance/rejection areas.
Watch for more.
ZARUSD trade ideas
SARB decision weekThe SARB will announce their latest repo rate on Thursday and expectations are for the SARB to leave rates unchanged at 8.25%. The SARB will lag the Fed when it comes to rate cuts so South Africans should, on a best case scenario, only expect rate cuts in the back-end of the year. The SARB will not cut rates until the Fed has started cutting rates.
The rand strength has faded significantly since the pair failed to break below the February low of 18.53. The pair is now in a peculiar range between 18.98 and 18.68. I’m leaning towards a break above 18.98 which will allow the pair to re-test the red resistance range around the 19.20 handle. A failed break above 18.98 will however see the pair fall back onto the support at 18.68. Technically the cross of the 50-day MA above the 200-day MA is rand negative. For now, the pair is still stuck in the blue wedge we have been highlighting throughout the year. A top side break out of the wedge will see the rand tumble above the 19.50 handle and a break above 18.98 will an early indication for this move.
USDZAR-BUY strategy 4-hourly chartWhen we moved lower, I thought am wrong, but the SL 18.8350 has not been violated. The market is side ways for the pair, but think considering GOLD think we have a chnce first to see higher levels.
Strategy BY @ 18.8650-18.8900 and place SL below 18.8125 now and take profit @ 19.1150.
USDZAR- BUY strategy 4-hourly chartEven though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels.
I would prefer with a positive stochastic, and also the room we have higher, to BUY instead.
Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
Ready to chow USDZAR?Longsss babbyyy
-break, retest and continuation of falling wedge
-Right shoulder and within session
-my FXBook correlation
USDZAR-SELL strategy 4-hourly chartThe pair is poised to move further south. The stochastic remains negative, and we have retreated from the GANN resistances as shown on the chart.
Strategy SELL @ 18.8850 -18.9150 and place SL above 19.0500 and take profit @ 18.7350 for now.
USDZAR BUYING OPPORTUNITYUSDZAR SEE A POSSIBLE BUYING OPPORTUNITY AS PRICE APPROACHES OUR BULLISH ORDER BLOCK.
just above our order block we see that price left an imbalance that needs to be filled.
USDZAR:POSSIBLE BUYING OPPORTUNITY
USDZAR to 13 rands per dollarBased on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI.
A Top was created in February 2016.
Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here.
Based on my TA, from November 2023 till 22 January 2024 we were in a correction cycle to complete wave cycle 2, so from here im expecting a further drop for wave cycle 3 an Impulse down which always comes after correction, then once wave cycle 3 is complete then i will come with an update because we need to also have wave cycle 4 and 5.
So basically this year is gonna be changing for Rands against dollar. Im just here wondering on whats gonna happen with the S.A politics which is gonna lead to rand gaining strength against the dollar, but lets watch and we gonn see. Im just excited for this year man.
We looking for selling on uzdzar this my analysisDollar is gonna be weak this week so we looking for bears on usdxxx and bulls on xxxusd
usdzarUsing the EUR/USD currency pair, we will provide an example of how and when to buy or sell forex. Let’s say you want to buy the EUR/USD. If the EUR goes up in value relative to the USD once the trade is sold, you could have made a profit (depending on commission and other fees). A trader in this example would be buying the EUR and selling the USD a...
USDZAR-SELL strategy 4-hourly chartI suspect we may see lower levels again, as we are reaching high GANN levels again. GOLD is likely to recover due to the expected move higher of crypto's short-term. After all, they all had a steep fall.
Strategy SELL @ 18.9950-19.0350 and place SL above 19.1250 (give it room) and take profit @ 18.7150 for now.
USDZAR -Daily - 2021-005-09Here is a good Risk Reward Trade.
I am looking at a Wolfe Wave/Geo Wave by @4xForecaster .
Divergence on all the Time frames.
This educational .
Please trade your own Rules and Trade what you see.
USDZAR-NEUTRAL strategy 4-hourlyThe pair has moved higher as expected, and now we are at a cross road GANN resistance around 18.9500 area. The stochastic is positive, but am not convinced for move higher as yet, unless we break through.
I prefer to stay side-line based on the chart. Will update if there are changes.
Possible Long For USDZARPrice has potential to move higher upon the retest of the hourly bullish orderblock which is inline with the ICT OTE. Wait for lower timeframe bullish price action to confirm the move.
UsdZar in a box patternOne of my least symbols to trade, but here I am today, this pair is currently trading in a box pattern. Technically I'm currently bearish waiting for my second entry at fib level 38.2%
USDZAR-BUY strategy 4-hourly chartThe previous update worked well, and we did respected the GANN resistance very well. Now we are nearing the GANN support @ 18/6200 area. The pair is under pressure still and we may see a test of the GANN support.
For now, it is a try-out BUYING near the GANN support with tight stop loss.
Strategy BUY @ 18.6150-18.6350 and place sl BELOW 18.5800 and profit order @ 18.8850.
USDZAR Pre-Fed decisionThe pair has climbed back into the blue wedge after finding support on the Feb 2024 low of 18.53.
18.97 is the rate to watch. A break above will allow the pair to test the top-end of the wedge again, resistance at 19.20. On the other hand, if the rand manages to hold the pair below 18.97 after the Fed decision to leave rates unchanged, it will allow the rand to pull the pair below 18.50.
4H possible 5 wave impulseThe rand may be on the ropes today if it can't break below 18.78.
Fed pause is also expected to shake things up and support the recent dollar strength.
Bearish Opportunity On the daily price broke nicely through the descending triangle to the downside and traced back up again close to a supply zone. I may move my SL above the supply zone depending on the circumstances at the time. I believe we are headed for nice downward trend. Lets see
USDZAR LOOKOUTNormally i would be gravitated towards the higher probability setup of HHLL that is about to form and will reverse up there but as we can see there is a trend breakout and now price seems to be retesting. So what do you think.
Ascending Horizons: USDZAR Soars Towards 19.31300 - 19.35400 Ran
USDZAR Ascends Like a Phoenix: Soaring High and Targeting the 19.31300 - 19.35400 Altitudes. Buckle Up for the Journey! 🚀
Bullish OpportunityPrice seems to have found support at a supply zone, where by DXY and gold has confirmed ZAR to swing back up again. Price is nicely below MA's for a good entry
USDZAR-SELL strategy 4-hourlyI had updated on the SELL strategy that we violated the GANN resistance 18.7800 area and that it changed to BUY activity to see 19.8875 area as possible. It has moved further out. GANNs are useful for trading and helps to determine the support and resistance when we are on a directional trend.
For now, stochastic is higher up now, and we have moved nicely reaching the next resistance area @ 19.0250.
Strategy SELL @ 18.9500-18.9950 and place SL above 19.0575 and take profit @ 18.7850.
