Ups and DownsAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Shortby THE_APIS_TRADERUpdated 3
USDZAR-BUY strategy 4-hourly chartI have been traveling, and still am. Market has moved the pair far lower than I previously suspected, due to the fact I felt GOLD should move lower, and the opposite happened. Now, stochastic is very low, and other indicators suggest we may see a turn around the corner. Of course, at the same time, we are near support 18.3750 and below would open the direction towards 18.2000 support. Strategy BUY @ 18.3700-18.4000 and place SL tight below 18.3450. If executed, we BUY lower @ 18.2650-18.2800. Profit order @ 18.5350 for now. This is GANN resistance area. Longby peterbokma113
USDZAR "Symmetrical Triangle" SetupPrice seems to be sitting on the support for the completion of the "symmetrical triangle" ... If the price breaks out of the Top-side we could expect higher highs ... by FeelgoodFXUpdated 3
Trade Idea 1h set upHere are some trend trading ideas 1H tade idea BUY AUDUSD BUY EURUSD BUY NZDUSD SELL USDCAD BUY AUDNZD BUY AUDJPY BUY CADJPY SELLL EURNZD by Junmadayag0
A little down timeAll analysis are strictly based on price action movement from the DAILY and 4HR TF. Detailed description of analysis can be found on the chart. All input is greatly appreciated !Shortby THE_APIS_TRADERUpdated 116
USDZAR sweeps and shiftsWe have 4h liquidity sweep, shifted bullish and initially made a minor sweep to mitigate the breaker block, followed by the first break to the upside then after an internal sweep to mitigate the order blockโฆ looking for a pullback to the unmitigated order block then a hike to the buy side liquidityโฆby tokelohomi223
USDZAR IS NOW BULLS HEADING1. PSTG 1 TO BE hit 2. PSTG 2 TO BE hit 3. Market did retest on the zone i predicted that it is going retest at. ///trade/// Longby Themba_PM4
USDZAR BUY EXECTEDWe're looking for buying opportunities in this pair after the market have created a channel with structure within it. already market has broken our resisting trendline and currently retesting. We anticipate impluse in corrective way until our reach target Signal=BUY USDZAR SL=Open Tp= Open Forex trading is a risky business ThanksLongby Innocent28
#USDZAR Bullish setup.We have an ending diagonal as a reversal pattern, complemented by divergence. R19.17/$ will be a target. It has a decent Risk/Reward ratio of 1:3,2.Longby AN-Pecuniary9
Stairs up, elevator down for USD ZAR.The rand has surpassed my expectations recently and reminded me that the USDZAR pair tends to take the stairs up, and the elevator down. The risk-on swing last week allowed the rand to keep the pair below the 200-day MA resistance rate of 18.80 which saw the pair fall back onto the psychological rate of 18.50. The downside break out of the blue wedge thus invalidates my previous expectation for the pair to re-test level above 19.40. The next support rate for the pair is the 38.2% fibo retracement rate of 18.38 and a break below this level will allow the rand to pull the pair onto the yearly low of 18.24. Technically the 50-day MA is set to cross below the 200-day MA and the RSI has room to move lower before hitting oversold zones which is rand positive. It's difficult to call the ZAR at the moment. A positive and peaceful local election result will see foreign investors return to the SA bond market which is rand positive coupled with a sustained dovish stance from the Fed. On the flip side, a sustained rise in the US 10-year treasury yields and the DXY could pull the pair higher back towards 19.00. The only missing piece is precious metal prices. The rand behaves like a commodity currency and another leg higher in precious metal prices will allow for a sustained rand rally towards 17.40. For now, I have a relatively neutral stance for the pair, but I am leaning towards a test of 17.40 over a test of 19.40 at the moment given last weekโs developments. The markets were hit by a dovish FOMC statement last week. US bond yields and the dollar tumbled off the back of the increased bets for rate cuts in 2024. The Federal Reserve (Fed) kept the federal funds rate unchanged at 5.50% but the real dovish sentiment started flying when the Fed announced that they will slow their balance sheet taper to $25 billion, down from $60 billion, per month. That is a whopping $35 billion that will technically be injected into the market. The dovish FOMC meeting was followed by a weaker than expected ISM manufacturing PMI print along with a feeble non-farm payrolls print of 175 thousand in April, down from 315 thousand in March. These data prints along with the recent weak US GDP results is increasing the odds for a Fed rate cut sooner rather than later as the Fed may be forced to stimulate the economy before they reach their lauded 2% inflation target. On top of all this, last week US regulators announced the first US bank failure of the year with Philadelphia-based Republic First Bank being forced to close its doors. All of this is rand positive... by Goose960
USDZAR Low risk buy signal.The USDZAR pair is trading below both its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), having formed a Channel Down (blue) since the start of the year. The 1D RSI hit the bottom of its Rectangle, so even though there is some limited downside on the Channel Down before forming a Lower Low, the reward is much higher on the upside. Assuming a Lower Low at the bottom, we expect another +4.40% rise towards the Lower Highs, thus our Target is at 19.1500. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ 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. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Longby TradingShot1111
USDZAR Double Top in QuestionLooks like and incomplete double top structure ahead of NFP. TrickyShortby Technical_AnalystZAR0
Sell USDZARUSDZAR sells are not completed yet coming from a double top. Take advantage of this last bear momentum. Target is 18.22.Shortby Technical_AnalystZAR1
The little EM currency that could.The rand managed to stage an impressive recovery last week off the back of the increased risk on investor sentiment which allowed the rand to pull the pair below the 50-day and 200-day MA support rates. I did not expect the rand to pull the pair onto the upward blue trend line but the month-end flows helped nudge the rand a further than expected. This pair has humbled me in the past few weeks. I still however believe that this is a temporary pullback for the pair. A failed break below the upward blue trend line and the support at 18.68 will see the pair re-test the critical rate of 18.97. The pair is currently being squeezed by this blue wedge and I still favor a top side break over a downside break. A break above the critical rate of 18.97 will be an early indication of a top side break of the wedge. A break below 18.68 will however invalidate the expected price action in the chart.Longby Goose96Updated 1
USDZAR-BUY stategy Daily chartThe pair is under further pressure due to GOLD remaining stable above $ 2,300.00. However, the chances are we will reverse, and therefore caution on shorting the pair. Stochastic is low, and even though it could of course move lower, overall we should recover from the lows. Strategy BUY @ 18.4800-18.5200 and place SL below 18.4450 and re-enter BUY near 18.3350-18.3500 if seen. Profit order place it somewhere @ 18.7350. note: my analysis are purely suggestions, and it is the trader/investor who should decide where to BUY or SELL of course. I appreciate the many nice comments I receive from the followers. I do my very best, but I am not alwayts right, therefore do study the charts as well. Thank you so much. Longby peterbokma4
Possible WXY Correction completion on USDZAR The long-term trend is still bullish with what looks to be a completed complex correction (WXY) on the primary count ... Do you think the US Dollar has the legs to break out?Longby FeelgoodFX448
LongUSDZAR has been consolidating on HTF's we are currently at the low of the range hence we are looking at taking advantage of that and take long positions as we target the high of the range and potentially breakout to the upside as we expect the Dollar to gain strength and Gold to drop in value.by cpointfx3
USDZAR-RANGE TRADE 4-hourly chartI have been traveling, but have seen the enormous movements of the pair. The pressure to the downside is extensive, but as I have been promoting for awhile, is the potential of a larger GOLD correction. Keeping that in mind, for now, we see a large range that is between 18.4000 - 18.7850 for now. We tried above 18.8000 and it failed, because GOLD failed moving lower, Strategy SELL @ 18.6750-18.7150 and take profit @ 18.4350, or BUY at 18.4350 area for a profit level of 18.6850. SL below 18.3750. by peterbokma2
LONGLooking at taking long positions given that the the USD index continues with gain and GOLD drops in value. We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me that the HTF is in a Consolidation phase hance we are looking for LTF/intraday trades instead of swing trades.by cpointfx0
USDZAR ShortSupply 19 Mqp Multiple rejections Brics deal South Africa leaving the US dollar Long term shortShortby Master_Traders_MTA114
Potential Sell on USD/ZARThere's a huge possibility of the usd/zar instrument reversing for a fall at the 0.786 retracement level, our profit targets can be placed at 0.618 as TP1 and TP2 at 0.236 retracement.Shortby mkhizesiyanda95Updated 3