U.S. Dollar / South African Rand USDZAR

happyastronaut Premium

USDZAR OUTLOOK Price trading inside bearish channel while a rising wedge pattern formation has occurred, which indicates a potential opportunity for a short. TP can be adjusted just above the level of the recent low where support is resting. We had already marked the Key Levels. Impulse short entries can be taken when it reaches that level again. We had...

DECRYPTERS Premium

Hi people welcome to Team Decrypters We are expecting sell limit of ours to play for 60-100 pips atleast rest details are on the chart

Goat_Izzy

Traders, if you liked this idea or have your opinion on it, write in the comments.

JaredBooysen Pro Updated 

The ZAR has weakened roughly 6% per annum against the USD since 1990. Using the pitchfork indicator we can see we’ve reached an extreme in the Rand’s valuation on the weekly chart. As the dollar finds normality I believe the Rand will strengthen and find its way back to it's mean, however I expect volatility in the shorter term.

Goose96

The rand managed to pull the pair to a daily close below the 50-day MA, yesterday, off the back of a broadly weaker dollar. There was no data driving the weakness in the greenback but it seems the weakness is stemming from the “plausible soft landing” narrative and the stable decline in US 10-year bond yield since the beginning of the year. Today’s calendar has...

olatunjivictor39

As we all can see this is a clear break out of the trendline but it's not concrete enough for a buy biase so pls hold your horses guys we're gonna get the massive setup but it requires patience guys. VHT your mentor signing out ✌️ ✨️

Goose96

The rand managed to pull the pair below the 200-day MA, currently at 16.82, last week Thursday following the US CPI print. The pair is however finding support around its 200-day MA and the dollar strength in today's early morning session has seen the pair blast up to the blue 23.6% Fibo retracement rate of 17.12. The macro risk-on factors mentioned below are rand...

areeluolu

Keep your eye on it guys and go ahead with the moving... good luck

fidelityforexGroup

Just as usual im going to make this short and precise ...(SELL>USDZAR) USDZAR is currently trading around 17.1826 & 17.2650 range which is one of the 2 major areas where smart money is looking to short the PAIR going down TARGETING 16.8889 & 16.7300 AS their 1st & 2nd TP target PLEASE NOTE FOR THOSE WHO ARE GOING TO TAKE THIS TRADE MAKE SURE TO COVER...

MtICHI Updated 

hello traders .we are taking a short position according to wave analysis and ichimikou arrangement position :sell entry:17.11990 TP:17 RR:2.6

RossLarter Premium

VELOCITY:USDZAR is showing signs that it might be heading downwards. Although none of our indicators have crossed just yet, if the price action continues downwards we could be looking at a nice downward move. I have set the take profit to 1:2 Risk to Reward. I think that is pretty aspirational, so if the trade is triggered, I will monitor it and adjust the stop...

crispus9 Premium

The USD/ZAR price has formed a small double-top below the smooth descending trend. With the SARB decision and US GDP data coming up, I expect a bearish breakout below its neckline.

Nkulu_xhamela Updated 

Hi Fox,it been long And compliments to the new season wish all you profitable year ahead. Looking to take this trade to the supply zone on highs structure looks super solid 5th kiss on the trendline. Order flow seems to do ChoCh on 5m with just an SL below current Low. RR is Good even if it takes me out now I'm still gonna look for new entries to take it higher.

rasmarcusgarvey

might see usdzar going down after the sell off due to eskom

olatunjivictor39

Still waiting guys if I see a clear break of the trendline on the daily time frame then we buy guys. Right now we're sitting on our hands. Although I feel the market might come down and make a double bottom before going back up just apply caution guys. Ensure you see a clear daily engulfing candle stick before buying. VHT your mentor signing out ✌️✨️

crispus9 Premium

Emerging market currencies are likely to outperform the US dollar this year as the risk-on sentiment prevails. The USD/ZAR price has formed a bearish channel on the daily chart and a rising widening wedge on the weekly chart. Outlook is bearish for now.

ipotfx

USDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70. We see a very clear price has reached...

Metxa

Hello Traders Here is an analysis of USDZAR. Currently, price going to complete wave B before continuing the uptrend for wave C. Safe trade guys