USDZAR-BUY strategy 3 hourly chartThe pair may move slightly lower, but since the longer time frames are positive, BUY into weakness is preferred.
Strategy BUY @ 18.4750-18.4950 and take profit @ 18.6750 for now.
ZARUSD trade ideas
Bullish bounce?USD/ZAR is reacting off the pivot and could bounce to the 1st resistance.
Pivot: 18.4638
1st Support: 18.3048
1st Resistance: 18.6315
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USDZAR-BUY strategy 3 hourly chartWe have seen a low of 18.3300 and fell short of the profit objective stated this morning. We got out of it, and now it feels we may see a break of 18.4550 area in the offering.
Strategy BUY @ 18.4000-18.4350 and take profit near 18.6350 for now.
USDZAR-SELL strategy 3 hourly chartThink the pair is more into selling mode now, and I feel we may see 18.2750 test short-term.
the stochastic is negative and also we are below the cloud, providing more downside pressure.
strategy SELL @ 18.4000-18.4500 and take profit near 18.2800 for now.
Waiting Setup for USDZAR Buy!! Wait for the price to reach 18,000.
Then look for buy opportunities. 💣
USDZAR-NEUTRAL SELL strategy 9-hourly chartI feel we are near the lower end of the price, but am finding some reasons of some further downside before higher to be seen again. the GANN SQ has room lower, and we have broken support at 18.3450 area, but not convincingly as yet. that is why am NEUTRAL with some sell inclination short term.
Near 18.2000 will be more confident on a BUY.
Strategy range 18.2050-18.4750 for now. Likely SELL into rally for now until we see a dedfinate change.
SA budget speech and CPI in focusThe rand posted gains for the second consecutive week last week off the back of broad based dollar weakness which allowed the local unit to hold the pair below the 50-day MA rate of 18.48. The dollar weakness came as a surprise last week given the higher than expected US CPI print of 3.3%, for the fourth consecutive month, coupled with Powell’s hawkish tone at his testimony before congress.
There are no major data prints his week so focus will shift to the local side of things with the SA annual budget speech and the local CPI numbers for the month of January in focus.
CPI in SA is currently well below the SARB’s midpoint target of 4.5% after the December CPI came in at 3.0%, up from 2.9% in November which has many calling for a more accommodative monetary policy stance from the SARB. The SA budget side of things are also positive with treasury revenue collections expected to come in higher than initial projections which will allow treasury to issue fewer bonds to the market this calendar year. Both the lower SA inflation environment and improved revenue collection will provide some support for the rand in the current turbulence of the dollar. I will update this idea with more detail on the SA budget after the budget speech.
For this week the key support level to watch is 18.30 while the key resistance is the 50-day MA of 18.48. A break below 18.30 will see the rand pull the pair out of the current upward channel and towards the 200-day MA support of 18.11. A break below 18.11 will invalidate all my previous ideas calling for a move to 19.35. A move towards 18.11 could be a bear trap which is why I’m moving my invalidation rate from 18.30 to 18.11.
Upward movement Dollar Rand has been bearish all week, but this seems to ceasing as there may be a slight shift of momentum. As long as price action is above 18.4500 it'll likely erase, this week's bearish momentum.
This is because price action is failed to continue to the downside by breaking this barrier. However if price action does settle below 18.4500, then the bearish move will continue.
USDZAR Analysis: A Buy Setup in FebruaryThe USDZAR daily timeframe for February presents an "open low" structure, indicating a potential BUY SETUP . This structure signifies that the market has maintained a bullish sentiment, starting with low prices early in the month and showing an upward trajectory. Traders should note this trend and align their strategies accordingly, as it suggests strong buyer activity. February’s price action offers opportunities for long positions, supported by additional technical indicators confirming the market’s direction.
A significant confirmation of buyers’ presence in the market came with today’s TDI (Traders Dynamic Index) cross. The TDI cross, a widely-used momentum indicator, reflects strengthening bullish momentum. This confirmation aligns with the ongoing bullish structure, giving traders confidence in pursuing long positions on USDZAR. Such setups are especially valuable for traders monitoring currency pairs with volatile price movements like USDZAR.
Adding further support to the buy setup is the presence of a clear bullish divergence. This divergence began forming on Friday, January 24th, and continues through the current market low. Divergences between price action and momentum indicators often signal potential reversals or continuation of trends. In this case, the bullish divergence reinforces the likelihood of price moving higher, aligning with the broader market structure.
For precision in trade execution, traders should look for buy entries on lower timeframes. This strategy ensures optimized entry points while minimizing potential drawdowns. Target zones for profit-taking are critical for a structured trade plan. The first take-profit target for USDZAR is set at 18.59211 , providing an initial benchmark for closing partial positions or locking in profits. The second take-profit target, slightly higher at 18.67943 , offers a secondary level for maximizing gains as the bullish trend unfolds.
Proper risk management remains a cornerstone of successful trading. Traders should assess their risk-to-reward ratios carefully, setting stop-loss levels to protect against unexpected market reversals. Managing position sizes relative to account equity is essential for mitigating potential losses while capitalizing on this promising USDZAR buy setup.
$USDZAR short idea This week's price movements seems to favour bearish momentum from the USDXXX pair, however the outlook remains two sided. With the CPI event and fed speech after NY open, we're bound to see significant changes in the market. Points of interest remains 18.57986, 18.49814, 18.35750 and 18.23590.
USD/ZAR may rise to 18.70149 - 19.00103Preference
Long positions above 18.32025 with targets at 18.70149 and 19.00103 in extension.
It's a sell for this week Looking at everything besides the news.... am seeing a short sell then we going back to R20 by the end of Feb
USDZAR looking decent but ....This chart is crazy, i swear it's like an indice sometimes been fun trading this and will hold my position until CPI as I think we might miss on the expected results and get a push upwards
Communist Land Expropriation Fun IncomingThe idiot Ramaphosa and his stalwart of Cadre's fail to understand that land was not gridded off before the West came. Not one fence. Not one road. Land was not "Land" in the same way it's being categorized in the redistribution laws (lately approved).
There was not a phone in sight. Not a map. Just teritorial p***sing ground for warring tribes. Territories would shift according to whichever tribe was more aggressive. One day it was Chief Ngqika ka Mlawu of the Xhosa's land. The next it was Shaka Zulu. And so it had been for hundreds of years with Khoi San having been invaded before then.
Hence the idea is idiotic from the start. But that won't stop him from juicing the last stores of wealth out of the country to preserve his power.
When the US inherets western skill-forces, the Dollar will further appreciate. White South Africans being among the most skilled people in the world - Musk being the prime example, but many others:
1. Mark Shuttleworth
An entrepreneur and philanthropist, Shuttleworth founded Thawte, a company specializing in digital certificates and internet security, which he sold to VeriSign in 1999. He later established Canonical Ltd., the company behind the Ubuntu operating system. In 2002, Shuttleworth became the first South African in space as a space tourist aboard a Russian Soyuz mission.
(BRITANNICA.COM)
2. Roelof Botha
A venture capitalist and company director, Botha has been influential in Silicon Valley. He played a significant role in the early stages of companies like YouTube and is a partner at Sequoia Capital, a leading venture capital firm.
(MG.CO.ZA)
3. Vinny Lingham
An internet entrepreneur, Lingham co-founded and served as CEO of Gyft, a mobile gift card company acquired by First Data Corporation in 2014. He is also the co-founder and CEO of Civic, a startup focusing on identity protection and management.
EN.WIKIPEDIA.ORG
4. Lyndon and Peter Rive
Brothers Lyndon and Peter Rive co-founded SolarCity, which became the largest provider of residential solar energy services in the U.S. Their efforts have significantly contributed to the adoption of clean energy solutions across the country.
MG.CO.ZA
5. Paul Maritz
Originally from KwaZulu-Natal, Maritz became the CEO of VMware, a global leader in cloud computing and virtualization technology. His leadership has been pivotal in advancing enterprise software solutions.
(MG.CO.ZA)
These individuals exemplify the diverse contributions of South African-born professionals to various industries in the United States.
This is not a race-baiting post. But the numbers are clear. And the situation seems unavoidable at this point. Ramaphosa is an idiot, and so are his crew of Zimbabwe-style know-nothings.
UsdZar medium-term bias (4H Chart)UsdZar is set to sell for some time. Make sure you catch the ride. Quite interesting how the current political tensions between the US and South Africa are having the opposite effect on ZAR.
Side note: make hay while the sun shines, soon you'll be paying for this.
USDZAR sailing in turbulent Trump tidesLast week has been a rollercoaster for the ZAR after gaping up and touching a high of 19.00 in the early hours of Monday morning following the news of Trumps executive order. The rand however regained its footing as the news got digested which allowed the rand to pull the pair below the 50-day MA currently at 18.45. It seems as if an ABC corrective wave has taken place which is indicative of another 5-wave impulse higher for the pair.
The 50-day MA at 18.45 and the current yearly low of 18.30 serve as the critical levels to watch on the pair. A failed break below 18.30 will create a double bottom at this level which will leave the rand stranded ready to be pulled higher towards 19.22.
A break below 18.30 will however allow the rand to pull the pair out of the current upward channel and test the 200-day support at 18.12. This move will invalidate my current idea on the pair.
The main event to watch for the week is the US CPI print for January, which is expected to remain unchanged at 2.9%, just like it did back for the December print. US inflation has been ticking higher since October last year, almost right after the Fed started their cutting cycle and anything other than an inline or lower than expected CPI print will have the USDZAR packing and making its way above 19.00 since it will indicate that the Fed will stay higher for longer.
USDZAR-BUY strategy 6 hourly chartSomewhere lower let's say 18.3850 I feel we may stall. My previous update, overall was right, but somehow it also looked as if we kmay have moved higher back towards 18.7500 area. Now I think this makes more sense being at the lower end.
Strategy BUY @ 18.3850 - 18.4150 and take profit near 18.7550.
USDZAR-SELL strategy 9 hourly chartThe pair still has little more room downwards, even though am hesitant, it still technically has lower levels to be seen. GOLD is overbought, and this may change the direction a bit.
Once we have tested 18.4500 area, likely we may see some move back towards 18.6500 area.
Strategy SELL @ 18.5500-18.5975 and take profit near 18.4500.
USDZAR-NEUTRAL 6 hourly chartIt is difficult to call the direction, since we have a few items affecting it, one or the other. technically we are in a larger range, and seems still pressure downside, but am GOLD price worried, as it is overextended for sometime. This could move the pair upwards again as well.
I prefer side lines right now, but if you wish for an opinion, SELL above 18.6550 and take profit near 18.3750 for now. Watch the oversold state when it does.
usdzar sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
USDZAR-RANGE TRADE 6 hourly chartThe pair moved sharply lower as expected yesterday till morning, and then it spurred up with same vigorous character. I feel we should not rush into anything, but suspect over the coming sessions, we will see higher again. the key is get into it lower levels, when seen.
Strategy RANGE 18.6350 - 18.9875 for now, but prefer BUY into weakness of USD.
Bearish UsdZarUsdZar. This will retrace to the the area where the arrows are pointing and continue selling.
Possible buying opportunityRisky trade with a low probability of 60-65% but high reward trade. The market already broke through and is now retesting if we get a bullish confirmation on the HIGH then we can place our buys with tight Stop-loss(below the area) and our TP on the Major Key Level(Black lines)
