U.S. Dollar / South African Rand

USDZAR FXCM

DrChristophCanne

Inverse SHS completed. Entry on Monday at market. Stop 14 ZAR. First target (33%of the pos) 15.6 ZAR.

Welburg_Trading

After breaking the descending trendline the pair has managed to reach the 61.8 Fib retracement level that is also the 1.00 Fib extension level on the 4 hour timeframe. We expect a pullback of the pair to 14.64191 (61.8 Fib retracement), after reaching that level further growth are expected towards 15.09195 (1.272 Fib extension). Good luck and happy trading!

libertasrei

USD/ZAR will have a correction this or next week. Heavy resistance at this level and monthly fib at 15.0267. Market psychology took this pair too highe due to political uncertainty and covid. We are familiar with extended trends with respect to covid. ZAR is heavily correlated with metals and bonds, especially lower yields will be bullish for ZAR, higher base...

MrRenev

USDZAR: first they will sell their houses and belongings (for rands) Ok well you know what I think about South Africa, what I said about it + reading between the lines + what I say about other places and the world in general. It's simple the price moves because of what people are doing it's not magical. Riots don't magically make the currency implode, it's...

MrRenev

Guess it's time to follow up on my previous idea: Body count is going up. Some officers (including high up) going full racist, for example one guy was saying the indians choose their camp (whites). In a single raid over 1 million rounds were stolen, enough...

Vikaar

So Far we Bullish Movement on this pair ( Monthly ) If the Rand strengthens we could see a drop in price or if the dollar does - we will see a price in the ZAR value - Share your opinion in the comments below and support the idea. Thank you for the support.

TradingWithTheTrend

Looking closely at the USDZAR, potential to see the R15 per dollar again, what could be the catalyst?

Donajor8

It’s so beautiful to pull up a chart n to see these lil things when waving and say hi babe to u n their sexiest of tones.

crazywlst

Current pullback risks to resolve to another leg down. It is strange enough since the bigger picture in cross-asset field is negative (long USDZAR usually) but the picture is the picture. I consider that as a point of weakness and abolish trap so I fully prepared to short it.

lordmdl

The only way South African's can benefit from the havoc we are facing is by longing USDZAR. Zones are marked. Enter during NY session. USD strength will come in. Enjoy, swing to the upside R20+, take partials at R15, R15.55.

AlbertPhoshoko

US Dollar looking to gain traction and be valuable against emerging ZAR

greenmask9

Remember that you only need three points to paint a CHANNEL. June's bottom was predictable and it is now confirmed that the price will likely continue to hit the dashed SHIFTING POINT OF CONTROL from the technical perspective. I rarely speculate on news in forex markets, but fundamentals are so strong for this pair, that I can not ignore them. The South African...

Pipsotrade

The chart is now forming a W which shows that its now going uptrend. Let's watch this pair

XintuForexGroup

As we can see on the provided setup we currently have an inverted heads and shoulders structure which was completed yesterday(14-07-2021) and we are currently retesting the Neckline we should look to go long till the Forecasted zones of Take profit highlighted by the Horizontal line also on the weekly and monthly we have a trendline BREAKOUT

alphatariro

HEllo pure price action traders its been a while but i just thought of sharing this USDJPY buy setup with you ....no need for explanation on this setup as it is a clear inverse head and shoulder also looking at what is happening right now in south africa i bet its a good opportunity to buy expecting the price to reach 15.55 in a few days

Lester_Davids

It's mainly the concerns around social unrest, but also the rising Covid cases that appear to be pushing the ZAR lower today. It does indeed also appear that the 14.48/14.50 supply level could be temporary, judging by today's strong candle structure and a print above the rising 8 and 21-EMA. The pivot also held and we are now trading between P (pivot) and R1...

AmarPearson

Long term up trend, break out and break back in. USD Rally likely to continue - long term up trend back in play for USDZAR. Stop under prev. lows.

Sbo_Dhlamini

USDZAR a move higher seems possible on the daily chart