USDZAR-BUY strategy 4-hourlyThe pair has declined as expected, but considering the stochastic, turning and low levels, plus elections today, I feel we are on BUY side today. Strategy BUY @ 18.2750-18.3150 and place SL below 18.1750 and take profit @ 18.6350 (for potential spikes). Longby peterbokma2
Buy USDZARElection day,buy this pair hard. We are expecting a lot of volatility with this pair. Goodluck #1BoyLongby Yomz_1boy114
Usdzar Possible Short setup🤝we have a new trend forming with recent break of Structure to the downside. Price is coming from an unmitigated supply zone and caused change of character. We have 1 hour fvg. Entry take profit is the last low. The 2nd is the Swing Structure as i indicated This is a trade setup but also an educational post. I post these doe backtesting purposes. I wish to see how far I have come in the next 5 years. If the setup works and you took a trade, goodluck. If it doesn't, it's part od the game. ✔️ Let's see🕣👁️Shortby ZIPHO67441
USDZAR-SELL strategy 4-hourly chartThe pair remains under slight pressure, while the precious metals are holding up a bit. There is plenty of room on downside, and since we are protected @ 18.4650 and 18.5800 estimated, we should be on SELL side for now. Strategy SELL @ 18.3800-18.4350 and place SL above 18.5900 and take profit near 18.1850 for now. Shortby peterbokmaUpdated 5
USDZAR - Falling WedgeWith a confluence of bullish divergence USDZAR is making a falling wedge pattern, that is highly likely to break-out a strong bullish move. Longby ShahzaibNaveedUpdated 9
USDZAR-SELL strategy 4-hourly chartNo change in view. I feel we will see lower levels for the pair, as the stochastic is negative and we do have ample room downside. The wide range we currently are in, is between 18.5750 and 18.0000. GOLD is lower, and think we remain around those levels for coming sessions, and therefore we may see lower levels again for the pair. Strategy SELL @ 18.3500-18.4350 and take profit near 18.1850. SL suggest above 18.5750 for now. Shortby peterbokma4
USDZAR Short trading opportunity(swing-trading) 5I expect a swing of about 70cents+- all the way down to R17.50+- per dollar, expecting the ZAR to strengthen in the short term within a month or so to 17.50+-. If the USA Federal Reserve starts cutting interest rates or at least give solid indication it is about to soon then it could signal that the dollar might weaken a bit for the ZAR to strengthen against it as massive amounts of money moves around, the South Africa presidential elections although more chaotic this year still seems to put the ANC in favor, and generally in the short-term (or rather more than 50% of the times) the elections have had a positive effect on the ZAR in the short-term. My only risk here is that if the target is not reached I will have to move money overseas in a more unfavorable conversion ratio, so I am not risking money directly but rather in a way indirectly.Shortby ricomisterUpdated 2
USDZAR-SELL strategy 4-hourlyThe pair made further highs and it did not change my overall viewpoint. We are overextended short-term and pullback is expected. Strategy SELL @ 18.4500-18.4900 and take profit around 18.2350 now. SL is up to the risk appetite, but feel @ 18.5950 a possibility, but noting it would still be a SELL up there. Of course we need to be financial management profits and losses. Shortby peterbokma2
USDZAR-SELL strategy 4-hourly chartThe BUY strategy has paid-off and indeed we move north swiftly due to the precious metals corrective action. In how far this may go, will provide guidance on our pair. My feeling is stochastic is extending far out, but it is possible, we may move little more higher towards 18.35-18.3900 area before a decline may set in again. Strategy SELL @ 18.3650 - 18.3800 and place SL above 18.4750 and take profit @ 18.1450. Shortby peterbokma2
looking at shorting opportunitiesUSDZAR WEEKLY chart We have been in a bullish trend and price made a new all-time @19.92392 high which is relevantly close to the pre.high @19.35768. Price is currently consolidating at this price level of pre.high area. We now have to pay attention to price behaviour at these minor swing areas for signals to take trades from. We have two key HL areas to look for buying opportunities from respectively: 18.10895 Which is unlikely to hold as price has retested this area previously several time & 17.42504 as this is a fresh area we expect price to rally from this area. This rally will be fuelled by the increase in positions of the sells that will enter the market as price breaks out of the consolidations low and signal a change in trend. We will be looking for selling opportunities to get price to the untested minor swing low @17.42504 for better buying trades and considering the gold relation with the Zar currency. We want to see gold maintaining its bullishness for this to take place and for the US dollar to be weak. by cpointfx4
USDZAR LongI am expecting this pair to shoot to the up side, since the price is currently on my major level and aside that, if you can also see the pattern I am seeing then we should be having same bias {H&S Pattern}. Here is just my point of view, not meant for anyone to comply with.Longby Pleazant_FX112
USDZAR-BUY strategy 4-hourly chartNo change of view really. The daily chart (not shown) suggests we may see move back towards 8.5750 again. The 4-houlry is battling moving higher, but coupled with the precious metals recovery down, I would see 18.4350 for 4-houlry possible for now. Strategy BUY @ 18.1650-18.2150 and take profit near 18.3950 for now. SL below 18.0750 I feel. Longby peterbokma3
USDZARwe are more likely to see Rand de-appreciating, this coming days, we might rally up to R20 Longby Mntungwa874
USDZAR ANALYSIS FOR THE WEEK (starting 20/05)USDZAR has been bearish for quite some time now, breaking several structures downwards too. On both the weekly and daily TFs you can see some imbalance downwards which seems to be attracting the price further downwards to demand. From what I can see on the 4H - price has actually respected previously created blocks, especially after the most significant break (the one that broke the low on the daily) making me wonder whether it’ll continue to do so while continuing it’s downwards push to demand. USDZAR is bearish and I’d only short. TP1: 17.86800 Final TP: 17.66375Shortby saintprincevvs113
USDZAR-BUY strategy 4-hourlyI cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future. It is hunting for lows, and this may remain until GOLD establishes a recovery mode. Strategy BUY @ 18.1150 -18.1350 and take profit @ 18.3750. SL below 18.0650 for now. I prefer to keep it tight to re-enter in case. Longby peterbokma224
USD/ZAR price movement May 2024I believe we’ll experience a short term buy from 18.09/10 to 18.25 this coming week. There has been a lot or resistance at the 18.25 to 18.30 mark from May 16th so i expect the price to continue bearing until we reach around the 17.70s. Happy Trading everybody!by Forex_Senpai110
USDZAR-BUY strategy 4-hourly chartI have seen the movements during my traveling, and surely it has moved lower than expected. this was due to prolonged strength in GOLD plus weakness USD. Now we are at the lower end, and I feel still BUY is the way to go, as GOLD still is expected to move much lower towards $ 2,100.00. Strategy BUY @ 18.1650-18.2100 and place SL below the previous lows. Profit order @ 18.4350 for now. Longby peterbokma112
Daily Breakdown | The Modern Day TraderHi Everyone! My name is Sam and welcome to my first daily breakdown. In these sessions I'll be analyzing the 4 pairs on my watchlist GBPJPY, US30, USDZAR & EURUSD. Today I give a brief introduction to myself and my trading style which is an adaptation of ICT and then proceed to breakdown each pair. See bias below. DXY - Bullish. GBPJPY - Bullish, On watch for long entries. US30 - Bearish, On watch but needs further development to consider short entries USDZAR - Bearish, On watch but needs further development to consider short entries EURUSD - Bearish, On watch for long entries (Confusing I know but watch the video and it will make sense)20:00by The_Modern_Day_Trader110
U.S Macro Supports ZAR MomentumDespite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum. We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's momentum until the end of Q2. A momentum break of 18.27 will spur price action toward 17.95 and 17.78 if the stars align. However, I'm cautious ahead of the recent shipment of weapons from the U.S. to Israel this week. This will add further tension in the Middle East if Israel aggressively pursues the Rafah Region. However, we may remain range-bound below 18.60 to 18.20 in the present macro environment. Keep in mind that April and May data will show a level of skewness due to loadshedding suspension ahead of the elections. Shortby Shiven_80eight1
USDZAR will gain strength USDZAR will gain strength due to the DXY gaining strength an the AXY losing momentum Longby andyjoy18003
Usdzar updateOur bullish detup failed so we look to continue with the strong downtrend until further change. We have equal highs and a supply zone with fvg. GoodluckShortby ZIPHO673
Usdzar buy setupNothing much on the fundamental side but we have the following: 1. Break of structure x3 2. Big Bullish candles 3. Demand that broke structure 4. Fair value gap 🤝Trading is risky and the setup might fail. Manage trade well.Longby ZIPHO67119