USDZAR BUYOANDA:USDZAR BUY
CONCULUSION. WEAKLY UPTRENT
DAILY UPTRENT
4HR golden zone rejection but not close
early entry or candle close entry
ZARUSD trade ideas
USDZAR-SELL strategy 3D chart regression channelThe pair has been moving up sharply due to USD strength overall. The USDX (see my other update) shows clearly we may see a downward move on the index, hence all pairs willo be affected, and so will the USDZAR. we are above regression channel, and this usually does not remain as it is, as it will correct likely lower to mid-channel levels.
For now strategy SELL @ 18.8500-18.9500 or higher, and take profit near 18.4750 for now.
USDZARGood day traders as you see The rand is weak and the dollar is strong due to the investment spending the south African government did,as the price is being pull we can stay alert on the reversal wedge which was formed (A,B,C and D) below the supply zone and also kindly know that the supply the reason for it's strongest it's because of 20.000 price is also a NOTE 💸In south Africa and it has value While as we can see the A and C from The reversal wedge is close to each other which makes that a Double TOP partten.And as soon as the price is at 19.469 kindly note that you can make your entries at 19.9734 or 20.000 for a short position make sure you follow your risk management plan and also lookout fir a proper entry around the level and Hold Till TP1 and TP2
USDZAR Good day traders as you see The rand is weak and the dollar is strong due to the investment spending the south African government did,as the price is being pull we can stay alert on the reversal wedge which was formed (A,B,C and D) below the supply zone and also kindly know that the supply the reason for it's strongest it's because of 20.000 price is also a NOTE 💸In south Africa and it has value While as we can see the A and C from The reversal wedge is close to each other which makes that a Double TOP partten.And as soon as the price is at 19.737 kindly note that you can make ur entries at 19.9700 till 20.000 for a short position make sure you follow ur risk management plan and also Lookout for a proper entry while we holding till TP1 and TP2
This is not a financial advice but an idea on how to swing USDZAR for the Upcoming Months 🙂🙏As you all know me as ur mentor @pee_one_rsa
Open chats for Further explanation of the analysis
USDZAR :Market Analysis: Bearish Now, Potentially Bullish at DCurrent Market: Bearish (Downtrend)
The market is currently moving downward from Point C towards Point D, indicating a bearish trend because:
Price movement is consistently heading lower.
A bearish market reflects that sellers are stronger than buyers at this stage.
Point D is located at a critical level, the 127% Fibonacci extension of BC, which is where a potential market reversal (turnaround) is expected.
If the Market Reaches Point D: Bullish (Uptrend)
If the market reverses at Point D, it is expected to shift into a bullish trend:
Reason: The 127% Fibonacci extension level often serves as a zone where sellers lose momentum, and buyers regain control.
An upward move would indicate the market is attempting to reclaim higher levels, such as C or even beyond.
Summary: Expectations for Both Directions
Now: Bearish Trend:
The market is moving downward towards Point D, with sellers currently in control.
If Reversal Happens at Point D: Bullish Trend:
If the price reverses at Point D, the market could shift upward (bullish).
This would mean that buyers have regained control, potentially leading to a steady upward movement.
Overall Insight:
Point D is the key level that will determine the market's direction.
If the price breaks below Point D and continues lower, the bearish trend will persist.
If it reverses at Point D, we can expect the market to turn bullish and move higher
USDZAR-USDX SELL strategy 2D chart The USDZAR as well USDX (and USDCAD not shown) all have something in common. they are over extended (ZAR lesser), but the picture paints a thousand words (famous song). The overall direction feels we see lower USD, and even though on a day to day basis one observes tug of wars, the direction is likely lower for USD.
Strategy SELL USDZAR between 18.7500-18.8750 and take profit near 18.4350 for now.
Bearish pressureDollar Rand is currently transitioning into a from a bullish into bearish move after failing to sustain its continued bullish momentum. The bearish move may be solidified if price action manages to stay below 18,4888.
USDZAR | 03.01.2025SELL 18.8000 | STOP 18.9800 | TAKE 18.6200 | Failure to overcome the resistance level will lead to a local correction to the nearest support.
M and W Trading Strategy: Will USDZAR Go Down From Here?The M and W trading strategy has long been a favorite among price action traders, thanks to its simplicity and effectiveness. These patterns represent moments of reversal where market sentiment shifts from bullish to bearish (M) or bearish to bullish (W).
Today, let’s analyze USDZAR using this strategy. Looking at the chart, there’s a potential “M” forming around a key resistance level. This structure, combined with signs of exhaustion in bullish momentum, hints that a downward move may be on the horizon. The neckline of the M pattern—often a critical support level—becomes the area to watch. A clean break below it could confirm the pattern and signal a short opportunity.
However, as always, context matters. Check for confluences such as higher time frame trends, volume spikes, or rejection candles. Pair this with strong risk management by setting stop-loss levels above the resistance zone and planning your target near the next significant support level.
Final Thought:
Do you think the M pattern on USDZAR will play out, or is the market setting us up for a fake-out? Drop your thoughts below! Let’s dive into this setup together.
USDZAR-SELL strategy 12-hourly chartWe are overbought for the pair and we moved little lower. There is also a "M-top" (easier to see on 3-hourly) and neckline about 18.7250 and coincides with GANN support too.
Overall I feel we see 18.4350 in the week(s) to come, or sooner I guess., is my personal opinion only.
Strategy SELL @ 18.6950-18.7550 and take profit near 18.5350.
USDZAR-SELL strategy 12 hourly chart The pair also is very overextended, high RSI and also stochastic shows tendency to move lower again. The channel also shows we should be seeing a move back towards 18.5350.
Strategy SELL @ 18.7800-18.9000 and take profit near 18.5575.
USD/ZAR BULLISH MOVE FORECASTThis Instrument is on the uptrend move, bulls have shown their super powers in place.... check for entries and exits in H4 and refine in H1. Thank you.
USDZAR-SELL strategy 12-hourly chart GANN SQThe pair has moved aggressively upwards due to thin holiday trading period, and we reached near 18.8700 area before moving down to 18.6150 and upwards again near 18.7900.
The pair is over extended, and I suspect we will see 18.45-18.5250 again near term.
Strategy SELL @ 18.6750-18.7350 and take profit near 18.5250 for now.
USDZAR lets shortAnd welcome to our last Weekly Rand Review of 2024!
The Rand had a nightmare week after several weeks of gains, what with interest rate cuts and political shake-ups around the globe, coupled with South Africa’s first FDI outflows in four years.
But it wasn't just the Rand that suffered, as global markets crashed mid-week before recovering somewhat
USDZAR updateUSDZAR TP1 hit congratulations to those who follow my ideas,signal shared before the pick,stay active for next signals thank you
USD/ZAR LONGS UPDATEI entered USD/ZAR last Friday and swung it into this week and it just hit take profit while I was sleeping so a great start to the week.
USDZAR updateUSDZAR is moving accordingly soo far n likely to hit first target coming week on a favour of USD,8f dollar maintain its strength am expecting to see 19,0000 in coming weeks,please do trade accordingly and use proper money management.
USD/ZAR LONGThis is not really a currency I trade much much everything lines up for a trade to the upside. I have weekly daily and 4h timeframes as bullish and we have pulled back to a pretty well respected daily zone. So on Sunday/Monday I’ll be looking for potential entry opportunities to take it to the next higher high
USDZAR-SELL strategy 3-hurly chart GANN SQThe pair has climbed nicely and now whilst GOLD is firm, and the pair being overbought, the chances are pull back 18.1575 area.
Strategy SELL @ 18.4000-18.4500 and take profit near 18.2175 for now.
Falling towards 38.2% Fibonacci support?USD/ZAR is falling towards the pivot and could drop to the 1st support.
Pivot: 17.92031
1st Support: 17.78236
1st Resistance: 18.19084
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential drop followed by a long opportunity USDZAR managed to create bullish after finding momentum on a significant support. Currently the bullish move looks to be fading, as price action failed to cement this momentum above 18.220. As the pair develops, the below support barriers will be essential aims were the pair may fall towards and kickstart the upside move. Conversely, if price action fails to fall USDZAR, will continue it's bullish momentum.
Bearish drop?USD/ZAR is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 18.01025
1st Support: 17.3635
1st Resistance: 18.2794
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
