USDZAR - BEARISH TRENDUSDZAR is in Bearsih Trend. Printing LH and LL. Stop Loss, Entry price and TP's have been marked.
ZARUSD trade ideas
USDZAR-SELL strategy 4-hourly chartThe SL @ 19.1125 was executed, but luckily I also had a SELL order placed switching of screens @ 19.1675, and I just took back around 19.0100. Stop-loss is always for protection, and RSI was quite high above 80.0 also made me decide to leave sell order higher than the SL.
The stochastic has turned negative and we are in a corrective mode now. Lower GANN is onloy 18.6700 area, and upper one is 19.1000 area. we spiked above the Keltner band, and could not sustain this with a high RSI.
Strategy SELL @ 19.0575-19.0950 and place SL above the last high. Profit order @ 18.7350.
USDZAR-SELL strategy 4 hourly chart updateThe pair has moved towards the expected level, and now some caution and a SELL strategy may be the next on the cards.
Stochastic is becoming high, but positive still.
Strategy SELL @ 18.9650 - 19.0100 and place SL @ 19.0575 and take profit @ 18.7450.
USDZAR - A look at the bigger pictureThe ZAR has been trading in a fairly large and choppy range. There has been strong support at the 18.13 level and this morning we saw it breach 19 again. Should this weak trend continue, the levels to look out for are 19.20, 19.30, 19.63 and 19.92.
USDZAR LongFundamentals:
Deteriorating economic-fundamentals for the South African Rand:
"It's a futile exercise trying to defend the exchange rate," says the South African Central Bank governor. He won't defend the depreciating rand. According to Reuters, Kganyago says that the "bank's main concern remained fighting inflation, reiterating that risks to the inflation outlook included food prices, oil prices and exchange-rate moves."
South Africa's consumer inflation "remains comfortably within the central bank's target range of between 3%-6%." The Rand's central bankers meet in November to discuss interest rates.
Technicals:
Weekly and daily lining up....
Stage 3 Chikou set-up
Breakout of triable pattern
USDZAR-BUY strategy 4-hourlyMy first thoughts few days ago with negative stochastic, that we may see lower levels, and that is why SL was placed near 18.7100. we are now moving higher, and am a careful buyer, but will await right levels. If one likes to stay out, is perhaps the best advise right now, but never the less I state my preferred view.
Strategy BUY @ 18.6500 area and place SL below 18.5800 and take profit @ 18.9150.
USDZARThis is a nice running triangle, and will be a valid one should it break lower and should it, I hope for entry information
we wait for the price to tap the demand zonewe wait for the price to tap the demand zone, then wait for a buy confirmation, then we pull the trigger!!!
USDZAR-NEUTRAL SELL strategy 4-hourlyI am back home again from travels, and it seems the pair remains locked in within a range. BUY side works little bit and so does the SELL side. Looking at GOLD recovery and negative stochastic it is safe to short instead of long, at least that is what it feels like.
For now SELL @ 18.6500 and place SL above 18.7100 and take profit @ 18.3350.
USD/ZAR SHORT(SELL) TRADE IDEALooking at the USD/ZAR on the Daily timeframe , the Market has been retracing from the previous weeks Low , we will be looking for a retracement to retest the recently formed Daily Demand Zone , which also confluences with the retest of the inner 1hr/4hr Demand Zone , we will take into consideration the movement of Gold and also the movement of DXY , on USD/ZAR the Quote Currency ZAR has a bit of a correlation with Gold as South Africa is one of the largest distributors of Gold around the world distributing roughly 6.37% of Gold
USDZAR-BUY strategy 3 HourlyThe pair has difficulty moving lower, and GOLD has declined a bit as well. The stochastic starts turning positive, so am expecting a spike to 18.9500 testing 19.0000 maybe.
It is difficult to say, but best chance is upwards I feel. I am traveling so non committal right now.
Strategy BUY @ 18.7000-18.7350 and place SL below 18.6000 and take profit @ 18.9675.
EM Markets Fiat Papers Are Made To Eventually Become Worthless Sought Africans need to understand regardless of which color they are, if they can not stop the hatred versus the white people or vise versa. Given the economic hardship ahead of us that form of state will eventually collapse sooner than later.
The global situation we are in is like little fires everywhere, I will start with Turkey to collapse first followed by Pakistan and Sought Africa. Which country do you think will blow up first amid coming deflation crisis (recession) ? how do you think about Italy, Spain, Portugal and Greece ?
previous analysis:
Regards:
The para-bearish short seller.
#USDZAR stuck between 18.95 and 18.20. USDZAR some interesting developments for the Rand bulls. 50dma < 200dma (death cross). 3 lower highs forming what could be a potential flat bottom triangle with the base at 18.10-18.20.
Some bullish characteristics here which could be shifting sentiment in favour of the bulls but it's still too early too call. Range bound between 18.95 and 18.20 now. A convincing break above or below the two levels will be needed to force a move in either direction.
USD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone.
Descending channel
💲 Entry Point : 18.60968
🟢 TP 18.30345 🔴 SL 18.76349
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Disclaimer
---------------
Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
USDZAR-BUY strategy 4-hourly chartIt feels the tide is turning, and this negates the previous update with SELL idea in the 18.7150-18.7800 area. Now I feel we should be expecting higher levels, as we have broken GANN resistance 18.7800 area and a slightly positive stochastic. Gold lower also helps to see higher levels. Once we have reached higher, we start SELL again. Now a moment of BUY is my recommendation.
Strategy BUY @ 18.7600 - 18.7800 and place SL below 18.6800 and take profit @ 18.9700.
Tricky btu definite buy for USD/ZARA clear bullish move is in set for USD/ZAR in order to fill that massive imbalance on the left side. Wanting to enter off strong demand zone where we can see price react off of and consolidate in the past.
Watch out for the liquidity depicted by the arrow. Only enter if there is a slow move to entry otherwise price may want to first capture that liquidity.
Hope everyone is having a great new years!
USDZAR SELL CONTINUATIONThis is an active trade, entry should be from that bearish breaker block , we wait for price at higher time frame point of interest below 👇🏽
POSSIBLE LONG TERM BEAR MARKET ON USDZAR AFTER "SH" AND "BMS"A possible sellers inducement triggering more sellers that trade breakouts/ early sellers , so my view is we wait until the fake out plays out to the upside inducing more buyers and we wait for a better entry but after a confirmation of a SHORT on a LTF for a long term bear market... maybe ZAR might melt down to a 15.00000 W1 TMF
USDZAR-SELL strategy 4-hourly chartThe pair did move higher as expected, the fun would be if one managed to get long of course. Now we are at the higher end again, and it feels we may start toppling a bit coupled with stable GOLD likely to settle where it currently is now.
Stochastic is negative as well and helps to idea.
Strategy SELL @ 18.7250-18.7800 and place SL above 18.8950. Profit order @ 18.4950.
USDZAR-BUY strategy 4-hourly The pair has moved sharp upwards again, and this on the basis of stronger USD and also weaker GOLD price. On my last update I was neutral, as there is no clarity, and same as now, it is not picture clear. However, there may be more upside potential due to the fact we have broken triangle resistance. I am not keen personally to venture this moment anything, and my ideas are more suggestive.
Strategy BUY @ 18.4750-18.5000 and place SL below 18.3500. Profit order near 18.7450.
USDZAR IS BEARISHHey Traders, USDZAR Pair is on the downward trend, based on the 4HR Timeframe and confirmation of 61.8% Fibb Retracement is within the Golden Sell Zone, will wait for reversal candle and then we enter, Enjoy your Profit.
