Bearish pressureDollar Rand is currently transitioning into a from a bullish into bearish move after failing to sustain its continued bullish momentum. The bearish move may be solidified if price action manages to stay below 18,4888.
ZARUSD trade ideas
USDZAR | 03.01.2025SELL 18.8000 | STOP 18.9800 | TAKE 18.6200 | Failure to overcome the resistance level will lead to a local correction to the nearest support.
M and W Trading Strategy: Will USDZAR Go Down From Here?The M and W trading strategy has long been a favorite among price action traders, thanks to its simplicity and effectiveness. These patterns represent moments of reversal where market sentiment shifts from bullish to bearish (M) or bearish to bullish (W).
Today, let’s analyze USDZAR using this strategy. Looking at the chart, there’s a potential “M” forming around a key resistance level. This structure, combined with signs of exhaustion in bullish momentum, hints that a downward move may be on the horizon. The neckline of the M pattern—often a critical support level—becomes the area to watch. A clean break below it could confirm the pattern and signal a short opportunity.
However, as always, context matters. Check for confluences such as higher time frame trends, volume spikes, or rejection candles. Pair this with strong risk management by setting stop-loss levels above the resistance zone and planning your target near the next significant support level.
Final Thought:
Do you think the M pattern on USDZAR will play out, or is the market setting us up for a fake-out? Drop your thoughts below! Let’s dive into this setup together.
USDZAR-SELL strategy 12-hourly chartWe are overbought for the pair and we moved little lower. There is also a "M-top" (easier to see on 3-hourly) and neckline about 18.7250 and coincides with GANN support too.
Overall I feel we see 18.4350 in the week(s) to come, or sooner I guess., is my personal opinion only.
Strategy SELL @ 18.6950-18.7550 and take profit near 18.5350.
USDZAR-SELL strategy 12 hourly chart The pair also is very overextended, high RSI and also stochastic shows tendency to move lower again. The channel also shows we should be seeing a move back towards 18.5350.
Strategy SELL @ 18.7800-18.9000 and take profit near 18.5575.
USD/ZAR BULLISH MOVE FORECASTThis Instrument is on the uptrend move, bulls have shown their super powers in place.... check for entries and exits in H4 and refine in H1. Thank you.
USDZAR-SELL strategy 12-hourly chart GANN SQThe pair has moved aggressively upwards due to thin holiday trading period, and we reached near 18.8700 area before moving down to 18.6150 and upwards again near 18.7900.
The pair is over extended, and I suspect we will see 18.45-18.5250 again near term.
Strategy SELL @ 18.6750-18.7350 and take profit near 18.5250 for now.
USDZAR lets shortAnd welcome to our last Weekly Rand Review of 2024!
The Rand had a nightmare week after several weeks of gains, what with interest rate cuts and political shake-ups around the globe, coupled with South Africa’s first FDI outflows in four years.
But it wasn't just the Rand that suffered, as global markets crashed mid-week before recovering somewhat
USDZAR updateUSDZAR TP1 hit congratulations to those who follow my ideas,signal shared before the pick,stay active for next signals thank you
USD/ZAR LONGS UPDATEI entered USD/ZAR last Friday and swung it into this week and it just hit take profit while I was sleeping so a great start to the week.
USDZAR updateUSDZAR is moving accordingly soo far n likely to hit first target coming week on a favour of USD,8f dollar maintain its strength am expecting to see 19,0000 in coming weeks,please do trade accordingly and use proper money management.
USD/ZAR LONGThis is not really a currency I trade much much everything lines up for a trade to the upside. I have weekly daily and 4h timeframes as bullish and we have pulled back to a pretty well respected daily zone. So on Sunday/Monday I’ll be looking for potential entry opportunities to take it to the next higher high
USDZAR-SELL strategy 3-hurly chart GANN SQThe pair has climbed nicely and now whilst GOLD is firm, and the pair being overbought, the chances are pull back 18.1575 area.
Strategy SELL @ 18.4000-18.4500 and take profit near 18.2175 for now.
Falling towards 38.2% Fibonacci support?USD/ZAR is falling towards the pivot and could drop to the 1st support.
Pivot: 17.92031
1st Support: 17.78236
1st Resistance: 18.19084
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.
Potential drop followed by a long opportunity USDZAR managed to create bullish after finding momentum on a significant support. Currently the bullish move looks to be fading, as price action failed to cement this momentum above 18.220. As the pair develops, the below support barriers will be essential aims were the pair may fall towards and kickstart the upside move. Conversely, if price action fails to fall USDZAR, will continue it's bullish momentum.
Bearish drop?USD/ZAR is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 18.01025
1st Support: 17.3635
1st Resistance: 18.2794
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.
USDZAR-BUY stragegy 12 hourly GANN SQThe pair has had an impressive move higher, and it may re-test 17.9300-17.9500 again.
Strategy range trade 17.7000- 18.0450 is my viewpoint with current bias testing upwards.
USDZAR BUY IDEA### *USD/ZAR - Liquidity Sweep Sets the Stage for Bullish Momentum Towards R20*
USD/ZAR has recently cleared liquidity at a critical support zone, suggesting the potential for a strong bullish rally. With the market absorbing selling pressure, we are targeting the key psychological level of R20 as the next significant resistance.
*Key Observations:*
- *Liquidity Sweep:* Price action dipped below a key level, likely triggering stop-losses and trapping sellers.
- *Market Structure:* Bullish rejections and increasing momentum indicate a possible continuation upward.
- *Psychological Target:* The R20 level aligns with a significant resistance zone and market sentiment.
*Trade Plan:*
- *Entry:* Buy at as bullish confirmations unfold.
- *Stop Loss:* Below the recent liquidity sweep for managed risk.
- *Take Profit:* Targeting the R20 level, ensuring a favorable risk-reward ratio.
*Risk Management:*
This trade aligns with the broader trend and liquidity dynamics, but proper position sizing and discipline are crucial. Stay vigilant for price action confirming the bullish bias as the pair approaches the R20 target.
Bearish drop?USD/ZAR is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 17.9006
1st Support: 17.7160
1st Resistance: 18.0045
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.
UsdzarUsdzar has come off a monthly extreme level. I am targeting fair price which is 50 on the fib for the last monthly high and low
usdzear longusdzear long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
