USDZAR change of direction USDZAR is showing a continuation of the downtrend since it has been diclining for three weeks ,
ZARUSD trade ideas
USDZAR-SELL strategy 4 HourlyThe pair had a strong run upwards, and my previous update suggested we reach 18.28, but I felt yesterday to exit @ 18.1500 as being enough fun.
Now we are overbought and above GANN resistance, which should not last, since it was to strong and quick movement. Great for profit taking, but everything comes to an end one day.
Strategy is SELL @ 18.2700-18.3200 and place stop-loss above 18.3650 for now. Profit order somewhere @ 18.0500.
UsdzarIt's been a hard year for ZAR against Dollar.The bullish continuation patterns finally broken weakening the Dollar.The bearish side order flow is currently visible. It's been a while since Zar challenged Dollar to this price.We could see further drop,ZAR gaining more strength till R16..
USDZAR-BUY strategy Daily chartThe pair does not seem to stay down, and the wide range we have seen advises us to play with larger P&L moves. That is why leverage should be low. Stochastic is positive and we broke resistance of the channel once again.
Strategy BUY @ 17.70-17.85 and take profit @ 18.27. Stop-loss perhaps below 17.4800 for now in line with the profit objective.
Potential pull backA potential ABC Correction spotted that has an ending diagonal as wave C, and after breakout we expecting an upward move. Marry it with your trading skills for a better return ratio.
USDZARPotential positive news about the US Jobs market,will be more interesting to see the start of a larger drop instead. orders placed on both outcomes playing out lets wait and see
USD/ZARHi Guys be ready if it reach our buy zone i will keep you posted....
Share my signals to your friend let them grow please .....
Good luck
USZAR-BUY strategy Daily chartThe weekly chart suggest we will see recovery upwards, but no confirmation as yet.
The daily chart has a range downward sloping channel between 17.2900 - 17.8350 area.
We are turning positive weekly chart stochastic, and the daily chart is, and AO is negative.
Strategy I feel, BUY @ 17.40-17.70 (yes, I know wide selection, but no choice) and carefully place yourself. Stop-loss below 17.2700 and take profit @ 18.38-18.45 area. Unfortunately, the pair has been trading dramatic either side, and just keep GOLD in mind. The chart on GOLD suggests we may see little lower gold price at first.
usdzarThis is a promising setup with low risk, using AMD, the price has already accumulated, manipulated. inwhich am expecting massive distribution. buy is the clear bias.but u can always trade what you see.
USDZAR-RANGE strategy 2-HourlyThe pair had moved up, but speed was unexpected. It stalled @ 17.9800 area, and if one would have used the 2-hourly, one would have been short after stochastic breakage.
The range we trade within is very wide, and makes it difficult for trend trading, but noting daily chart still sees potential 18.4500 and higher. The 2-hourly chart suggest we see little lower again, back towards 17.4700 area and strong support 17.4000 now. Gold is steady, and this should assist in being LONG the pair, if one chooses to be. Cloud resistance @ 17.7800 for now.
Strategy based on 2-hourly chart is RANGE trade within the space of 18.00 and 17.40. I would prefer to BUY at lower levels @ 17.50-17.55 area and take profit @ 17.9800. Daily chart should BUY between 17.50-17.75 and take profit @ 18.3700.
Buyers Are You Ready!!!!We have been waiting for the pull back entry and the time is now looking going long is the only way now the buyers are in no second guessing here we go
USDZAR-BUY strategy daily chartThe pair is building up for a long awaited move towards 18.2800 test.
The stochastic is positive, but we require to close above 17.8650 confidently to make this happen. GOLD is softer and provide a basis for weaker ZAR.
Strategy is BUY between 17.70-17.80 of on solid break 17.8650. Overall we will move north, but of course we prefer some confirmation. Stop-loss below 17.4500, and that is why we need a little deep pockets for this str5ategy due to the wide range is has traded within. Profit near 18.2800.
update on previous plan usdzar going according to plan. this chart is
indicating that we can expect 16.40 to 16.60
wave 3 to play then a abcde triangle formation
for wave 4 followed by 5th wave which is equal
to wave 1. dropping to 16.20 - 16.50 zone by
september. note it can reach to that zone before or after depending on trading volume
USDZAR-SELL strategy 4-HourlyWe ran up sharply yesterday based on the channel support and supportive stochastic and RSI, and the AO.
Now we have come down sharply, which shows we are under pressure, and again 17.6500 area proves to be important resistance now. The stochastic is NEG and RSI as well, but not convincing. However, I feel we are in SELL mode now and we will likely test 17.4500 channel support is my view.
Strategy SELL @ 17.5500-17.6000 and place stop-loss @ 17.6700. Profit order @ 17.4600.
$USDZAR Bear flag break$ weakness due to lower inflation figures has led to a bear flag break on FX:USDZAR
The target price for this break is 17,63
US economic soft landing in progress, and that is good for stocks
USDZAR Short trading opportunity(swing-trading) 4I expect a swing of about 100cents-150cents all the way down to R16.00+- per dollar, expecting the ZAR to weaken in the short term within a month to a few month to 16.00+-.
If the USA Federal Reserve stops hiking rates, and starts to slowly apply rate cuts then it could signal that the dollar might weaken a bit for the ZAR to strengthen against it, even considering domestic issues.
I am risking money on this with a 1:1 leverage, but its more like I am moving money back to my local bank account (paying for studies/courses) than me using it in a short position.
There is also a nice double top forming.
USDZAR-BUY strategy 4 HourlyWe broke 17.6500 which would mean abort the LONG previously.
We are within a wide channel, and leaves room for a lot of lows and highs.
We have reached a low of near 17.5000 and currently little higher. The stochastic is positive and the AO is showing buyers on the coast. the RSI is oversold, but not extreme.
Strategy is BUY within 17.4700 - 17.55 and place stop-loss below the channel support. The profit order first @ 17.6475, but if broken above 17.6500 we will see further upmove, and my initial thoughts on daily chart, 18.35-18.45 possible.
USDZAR (LONG)
1)Monthly Pivot Maximum Support
2)Us30 bears = USDZAR Bulls
3)USD index bullish
4)Break-> retest to occur
USDZAR BearishAs the trend is bearish and doe not show any divergence Hence sell the limit is place at 0.382 with the help of fib
USDZAR-BUY strategy 4-HourlyThe pair activated the daily chart support level @ 17.7350, hence we excited. We are going re-entry again as we are in the falls bear flag pattern range, and now we BUY again but stop-loss lower.
Strategy BUY @ 17.6850-17.7000 and place stop-loss below 17.6500. Profit order @ 17.9750.
USDZAR TRADE IDEA: Long (24/07/2023)USDZAR is looking to reverse. It has clearly slowed its downwards movement and is looking to reverse up top to potentially continue its down movement. This was signified through its break of structure on the 4H chart.
As shown on the 15 minute chart it has broken structure. The only worrying part is that it is returning back to break even. However this has the potential of a 7RR trade.
NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
