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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

USDZAR-NEUTRAL BUY Daily chartI am not super convinced of the lower level reached, as I felt 18.7200 area to be a good buying entry. We have moved further south, but stochastic looks turning positive, and the pressure still there for upside. I remain NEUTRAL to being inclined to BUY between 18.5700-18.8500 wider than usual. Stop-loss below 18.4750 (financial). Profit order @ 18.9800 - 19.2700. The 18.9800 we require to monitor, as we may stall. For that reason am NEUTRAL BUY, and not convinced BUY.
Long
by peterbokma
Forex & Stocks: Capitalize on BRICS2023Hi Traders, Investors and Speculators of Charts 📈💰 The 15th BRICS summit is being held in South Africa from August 22-24, 2023 and will undoubtedly affect the Forex market. The main reason for this, is the commonly know agenda of BRICS to implement a new reserve currency instead of the USD. More details on that topic here: The 5 Forex markets we'll consider are: FX_IDC:USDINR FX:USDCNH FX_IDC:USDRUB FX_IDC:USDBRL FX:USDZAR As we can clearly see from the charts, from a Cycle / Phase analysis, it is dire time for the USD to correct as we see top outs in basically all of the charts Don't be surprised if it goes UP first, then down (sell the news but in reverse for the BRICS currencies). The summit is being hosted by South Africa, which is the current chair of BRICS. The other members of BRICS are Brazil, Russia, India, and China. The summit is expected to focus on the war in Ukraine, the global economy, and the expansion of BRICS. The theme of the summit is "BRICS and Africa: Intra-BRICS cooperation for sustainable development in Africa". Russia's President Vladimir Putin is not attending the summit in person due to the international arrest warrant issued against him for alleged war crimes in Ukraine. He is being represented by Foreign Minister Sergei Lavrov. The summit is expected to boost investor confidence in the BRICS economies. This is because the summit will provide an opportunity for the BRICS leaders to discuss ways to strengthen their economic cooperation and coordination. This could lead to increased investment in the BRICS economies, which would boost their growth prospects. Top Stocks to consider are: 1. Petrobras (PBR) is the largest oil and gas company in Brazil. NYSE:PBR 2. Sberbank (SBER) is the largest bank in Russia. MOEX:SBER 3. State Bank of India (SBI) is the largest bank in India. BSE:SBIN 4. China Mobile (CHL) is the largest mobile phone company in China. MIL:CHL 5. Tencent (TCEHY) is a Chinese multinational technology conglomerate. OTC:TCEHY 6. Alibaba (BABA) is a Chinese multinational technology conglomerate. NYSE:BABA 7. Vale (VALE) is a Brazilian multinational mining company. NYSE:VALE 8. PetroChina (PTR) is the largest oil and gas company in China. SSE:601857 9. ONGC (ONGC) is the largest oil and gas company in India. NSE:ONGC 10. Infosys (INFY) is an Indian multinational information technology company. NSE:INFY The summit is also expected to lead to a weaker US dollar. This means that the other currencies against the dollar as listed on the 4 charts will strengthen. This is because the BRICS countries are collectively a major source of demand for commodities, such as oil and gold. If the summit leads to increased investment in the BRICS economies, it could lead to higher demand for commodities, which would put upward pressure on commodity prices and the value of currencies of commodity-exporting countries, such as the Brazilian real and the Russian ruble. This would make the US dollar less attractive to investors, which could lead to a weaker dollar. A great way to capitalize on the outcome of BRCIS 2023, is to anticipate and keep an eye out on markets that will potentially be positively affected by this summit. _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
Short
by CryptoCheck-
44
USDZAR ForecastPrice is trading in a nice Zig-Zag correction pattern in the bearish direction. We can expect a last drop before the next buys as a wave 3 for a bigger degree. One thing to focus on is the potential level at which the price might reach to( golden Fibonacci levels). Understanding that waves A and C are often equal can help us identify a potential turning point of price. Judging from the wave A move which was a fast-paced price action we can tell that wave C will be a slow and choppy-moving price action.
Short
by Weshareio
4
BUY USDZARUSDZAR saw a strong surge of bearish movement this past week, which almost had me thinking price would crash to 17 points. Let us keep in mind that the overall trend for this pair is bullish. Here we observe that price is rejecting local support 18.4. H4 structure is not clear at the moment but from my experience, I predict a bullish flag which will break out using a double bottom to the upside 21+ points. For now, let us take profit at local resistance 18.7.
Long
by Technical_AnalystZAR
1
USDZAR BULLISH ORDERFLOW :EXPANSION TO THE UPSIDEGood day once again traders on USDZAR we are trading an expansion to the Upside,If you look at the bottom of the chart you will see that the sellside liquidity was taken out and the market gave us a bullish market shift so we expect the market to shoot up to the Buyside liquidity.as you know, on an a bullish market downclose candles are suppose to keep price from going lower so we will be executing our entries on the bearish OB. risking 0,77% for 5%.GOOODLUCK!!! Entry:19.04689 SL:18.88690 TP:19.92525
Short
by Mokgethoa_MK
2
USDZAR-SELL strategy 4 Hourlythe pair has a strong rally during my trip overseas. This on the back of a weakening gold price and breaking levels. Now we are within a wider (GANN) band with downside pressures. We are below 19.3600 and next GANN support is 18.4300 area. The stochastic is in the lower end, and RSI negative too. I feel we may see little pullback, but is an opportunity to SELL. Startegy SELL @ 19.1500-19.2500 area and take profit @ 18.6700 for now. Stop loss maybe some where @ 19.3800.
Short
by peterbokma