praying for its downfalli believe price will reject at 4hr supply zone then continue down to daily demand zoneShortby THE_APIS_TRADERUpdated 887
USDZAR-NEUTRAL 4-Hourly chartOne would have been able to get out near enough profit objective @ 19.25-19.27 or on the revised SL 9.13 handle. I did the first one @ 19.2650. Thereafter, I did not have clear view and it collapsed to current 18.9000. I feel the move lower has been to quick, even though we are below triangle support, and negative stochastic, I would prefer to stay out for now on this pair. We monitor it for a few days again. The NOKZAR SL was also hit due to the fact that the USDZAR collapsed. by peterbokma0
USDZAR-BUY strategy 4-Hourly chartConsidering that NOKZAR is too low, and the pair is within a triangle pattern with positive stochastic, chances are that the pair will be pulled upwards by USDNOK. The current USDNOK @ 11.15 translate to a USDZAR 19.3000 for correction upwards following NOK. Strategy BUY @ 19.0000-19.0500 and take profit above 19.3000. SL below 18.8650 for now. Longby peterbokmaUpdated 5
What goes up must come downi believe that price will continue to push until it rejects the 19.30000 price. previous supply zone . level also coincides with 61% FIB LEVEL Shortby THE_APIS_TRADER224
The Depreciating Sout African RandFundamentals: 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: multiple bullish candlestick signals: morning star and engulfing closing above 50kyan and tenkan Weekly BBT support hidden bullish divergence cloud support daily HHHL Longby Rocketman0
See you at the topmy sentiment of this pair has not changed. i believe we are headed upLongby THE_APIS_TRADERUpdated 4
USDZAR is BearishHey Traders, lets closely watch USDZAR Pair is on the downward trend with likelihood of hitting both TP1 & TP2 by late Friday or next Monday morning. Based on the 4HR timeframe the 61.8% Fibb Retracement is within the Sell Zone.Shortby MILKINGFOREXMARKET115
UsdzarI trust this pattern is complete as expanded flat, if indeed it is complete, I'm looking to buy but not up to the blue box instead until 19.86 because this can turn back down for bigger regular flat pattern if will push to the blue box I would like to see a continuation correction at 19.86 Longby Mntungwa872
Be a pro at reading candles Achieving a successful entry in forex trading hinges on your ability to comprehend the structural elements at play. Start by gaining a clear understanding of the market's current structural dynamics. Next, it's essential to analyze the candlestick formations to determine which party is likely to control the market. Often, traders tend to overemphasize patterns and trends, but it's crucial to take a step back, slow down, and focus on interpreting the candlesticks. This straightforward practice can significantly enhance your ability to make accurate predictions for the next market move.0by dominicdrock0
USDZAR longinterval:240 min time identified: 07:32 am (UTC+2) DESCRIPTION: with a double bottom formed and having retraced already, we could see the bullish move continue for some time, long enough for us to bag the 2000 pips. Longby sootywhaleUpdated 444
USDZAR-SELL strategy 4-Hourly chartThe pair as usual is aggressive either way, however, it does follow ranges (it respects it). Now we have tried upside above 19.1000 and we have moved lower thereafter. It is shadowing now GOLD price, and based on that and negative stochastic, we are back into SELL mode. Strategy SELL @ 18.9800-19,0575 and take profit @ 18.6350. SL place this above 19.1150 for now. Shortby peterbokma2
USDZAR LONG TERM SELLThe USDZAR has just taken out a Monthly Buyside liquidity and I'm expecting it to drop to 50% of the current range. Took an entry in the Weekly FVG.Shortby KennyFX3
Playing the long game todayI am anticipating that this pair will continue uptrend to day . Longby THE_APIS_TRADERUpdated 222
USD/ZAR check in.The pair is currently dancing with the 50-day MA rate of 18.97, which is a critical rate to watch. A failed break back above the 50-day MA will allow the rand to pull the pair below 18.80 with a possible move lower towards the 200-day MA rate of 18.43. A break above the 50-day MA will however signal another leg higher towards 19.90 for the pair. It’s too early to make a call now but the strength of the current upward channel seems to be fading which is, dare I say it, rand positive. The break below 19.12 is also rand positive as it invalidates the 5-wave impulse.by Goose96Updated 1
GeminiForexTradeRemember that just because price gets to either a Buy or Sell level doesn't mean you trade blindly. Always look out for other supporting factors/ indicators to validate your bias. The more factors there are, the higher the probability of successLongby GEMINIFOREXTRADE0
breakout uptrend price has broken out of the channel with bullish momentum after rejecting key support level multiple times.Longby THE_APIS_TRADERUpdated 336
Usdzar is longFor now I will be focusing on buying orders only since well my analysis are indicating that usdzar will continue being bullish before major sell order. I will see how it goes. Happy trading. Longby ellcothleoma021
USDZAR-RANGE SELL 4-hourly chartThe pair has reached profit level, and for now we should SELL into rally within the range. We are below mid-Keltner, and strategy is SELL near the mid-level, i.e. 18.9050 area (check the current level at time of your SELL). Stochastic is negative and keeps the pressure on the pair. Strategy SELL near 18.9000 and place SL above 19.0200. Profit order @ 18.7150. Shortby peterbokma226
USDZAR Speed lines FibonacciPrice trading midway between my resistance and support speed lines. Price bounced of a horizontal support, but did not reach the 38.2 retracement level. On my short list and will read the candlesticks as soon as price start intersecting my speed lines. Set alert on your trendlines and only check back once alerts are triggered. by ForexCollege0
USDZARWe never had our Choch Supply tested so this week I'm looing forward to seeing the market take out the liquidity thats been generated below our Supply'Longby MalibonweMalaku1
USDZARUSDZAR is clearly bullish. but there seem to be some sort of selling opportunities at the support turned resistance the after retest where it looks like its going to push to. Resistance lies exactly at 61.8% fib level, another trust worthy confluence. if that happens, we expect USDZAR to fall to 18.10 where we might have a good buying opportunity. our confluences here: 1. Possible head and shoulder pattern, 2. A 61.8% fib level retest, 3. retest of an ascending trendlineLongby peternet179
SellThe pair seems to be bearish on 1h and 4h time frames. RSI negative and overbought.by Kevins1987112
USDZAR-NEUTRAL 4-hourlyProfit taking should have been done near suggested levels. For now we consider further BUYING mode when settled above 19.0500. Otherwise remain neutral and sit on the side lines. For those willing, as a try-out SELL @ 19,0150 and SL @ 19,0750 and take profit @ 18,9200. by peterbokma4