USDZAR sella clear ascending sctructyrre once we get a breakout we sell and let the market playoutShortby breandon3
USDZAR LONGThe long term outlook remains bearish. In the short term we are seeing signs of a bullish correction targeting 18 levels. On the 4hr we have a CHOCH and BOS confirming the bullish correction.Longby morrisgitauUpdated 118
usdzar and xauusd outlook outlook of usdzar and xauusd is moving in the same trend 11:53by THABISO28082
USDZAR Support level hit 💯% guys now we wait for the market to react. VHT your mentor signing out by Victor_Hunter_Turner1
UszarUsdzar has been bullish for sometime, previous analysis can be found on my profile. Perfect entry has been activated, will allow this to play out to TP and two Longby MillionsSJ112
Rand pullbackTechnical indicators and fundamentals are lining up for a reasonable rand pull back as per my previous idea. I expect the rand to pull the pair lower onto the 23.6% Fibo retracement rate and psychological rate of 18.00. A break below 18.00 will see the pair fall onto the critical support on the blue 61.8% Fibo retracement rate of 17.84 which coincide with the neckline of the broken upward channel and the black 38.2% Fibo retracement rate. Fundamentals which are supporting some relief for the battered rand are most notably the easing of the selling pressure on US bonds. The US 10-year yield declined for the past two sessions after touching a high of 3.975% and is currently sitting at 3.865%. This will in turn cause the upward pressure on the dollar (DXY) to lose momentum. Additionally selling pressure on US equity markets are also subsiding. All of these factors are rand positive as it supports risk-on investor sentiment. Technically on the 4h there is bearish divergence on the RSI while we have a sell signal on the MACD. On the daily, the MACD buy signal is rolling over while the RSI is deep in overbought zones. All of which are rand positive. Shortby Goose96113
usdzarUSDZAR is at supply zone and it is starting to reject. Hope for a good sellShortby VALIDATION115
sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell sell by TheHapyy0
USDZAR, dailyZAR remains under pressure against the USD. Now trading above the first resistance level at R18.30 area, continued bullish momentum is bringing into play a key resistance level at 18.54. Later this after the South Africa Finance Minister Mr Enoch Godongwana will be delivering the 2023 SA Budget speech. Expected swipe-saw price action from the USDZAR as the speech commences. Markets will be closely listening to comments around the current energy crisis and the Minister’s proposed solutions. Any comments not received well by the markets will likely seen further pressure on ZAR bring the R18.54 price action into play.by Exness_Official0
USDZAR Sorry my charts are a bit messy cause I pride myself in clean charts. But this seems to be what my outlook or estimate for USDZAR in the coming weeks but mind you, I'm not in the USDZAR trade anymore what I would love you guys to do is be patient cause the market only rewards the patient allow it to playout before executing a trade. I wish you all a beautiful and pipful week ahead. VHT your mentor signing out ✌️ ✨️ by Victor_Hunter_Turner221
USDZAR Major level target almost hit. I rember calling this trade few days ago now we are almost at our overall target level, from there we could expect a massive correction but I don't know I'm not the market I only react to how the market moves. GHT your mentor signing out ✌️ ✨️ Longby Victor_Hunter_Turner112
USDZAR Bullish TrendUpdate on USDZAR Bullish Trend Possible Entry, SL, and TP are mentioned in the chart.Longby ahmdilyas0
USDZAR LONGMarket Structure is bullish...Demand zone created COS and further confirmation made-trade limit is setLongby Dee_PassivetraderUpdated 1
Wide turbulent ranges for the ZARReferring back to my long-term idea posted in January (linked below “1H2023 USD/ZAR weekly timeframe”) I believe that the pair has started its 5th impulse wave higher towards the 2020 high around the 19.30’s after the failed break below the critical support rate of 16.80. The rand has depreciated for five consecutive weeks since mid-January which has seen the local unit slide roughly 7.65%. The economic calendar for this week is a heavy one with a host of local and international events and data prints which is expected to throw the pair into a wide trading range. Locally, SA’s finance minister will present the updated budget tomorrow. The main point of discussion that investors will look out for is Eskom and it is anticipated that the government will advance their plans to take on a sizeable amount of debt from the ailing power utility. The rand also faces a potential grey listing by the FATF this week. Honestly, don’t expect any local factors that will be rand positive anytime soon. Internationally, Wednesday’s FOMC meeting results will be released which will probably just support the Fed’s recent hawkish sentiment. To wrap up the week, US GDP results for 4Q2022 will be released and on Friday the US PCE price index will be updated, the Fed’s preferred measure of inflation. It’s difficult to make a call how these data prints will influence investor sentiment. Despite all the above factors that are undoubtedly rand negative, the rand could pull the pair lower towards the 61.8% Fibo rate of 17.84 if risk-on sentiments flow into the markets following the FOMC minutes, US GDP and PCE data prints. The rand tends to pullback aggressively after an uptrend, it overshoots like a rubber band to the top and bottom side. If this pullback materializes, buying at rates around 17.80 may be favourable. The support levels currently sit on the psychological rate of 18.00, 23.6% Fibo at 17.95 and then the critical support at 17.83 which coincides with the neckline of the broken parallel channel. I’m personally looking to leave buy limit orders between 17.75 and 17.85. A break above 18.28/18.30 will invalidate the expected pullback. Technically the daily MACD seems to be rolling over and could cross to a sell signal while the RSI is sitting in overbought zones at 67.85 which supports this expected pullback. Two factors that also support this USD/ZAR pullback is my expected pullback in the DXY and the fact that Platinum is finding support around $920 per oz (ideas linked below). Shortby Goose96332
PAIR: USD/ZAR - LONGWe can see the Bullish trend with five consecutive Higher Highs and Higher Lows. If this trend continues we will take the trade on the mentioned analysis below. Account Size: 10000 Risk Percentage: 1 + 1 = Total 2 Percentage Amount at Risk: 100 USD Sizing: 0.0566 Lots Amount at Risk: 100 USD Sizing: 0.0566 Lots Total Amount at Risk: 200 USD Total Lot Size: 0.1132 Entry Point: 18.30922 Stop Loss (-1.78%) : 17.98565 Take Profit 1 (1%): 18.49559 Take Profit 2 (2%): 18.67937Longby Syedbilal222
USDZAR - possible shortA bearish harami formed on VELOCITY:USDZAR at a previous resistance level which is often a sign that a downward move is coming up. Will keep an eye on it it to see if it triggers soon.Shortby RossLarter2
USDZAR, dailyUSD is in bullish momentum moving toward Resistance level at R18.3042 against the ZAR. The South Africa Rand (ZAR) has been under pressure following hawkish comments from the US Fed officials last week couple with hotter than expected US Producer Inflation figures (PPI) that were released on Thursday. Markets are now anticipating the US Fed to act more at its March 2022 FOMC Interest Rate Decision. The pricing probability of the US Fed interest rate decision has increased to 18.1% for a 50Bps hike vs previously being priced at 9% probability. R18.5638 is a key resistance level.by Exness_Official111
USDZAR Bullish TrendUSDZAR is currently in a bullish trend - The next possible moves are mentioned in the chartby ahmdilyas1
USDZAR SHORTS POTENTIALPrice has been rejected impulsively from the third touch of an ascending channel and is currently printing a trend continuation flag. Will be looking forward to taking this short opportunity if and when it materializes.Shortby MusyFx2
USDZAR (Bullish Trend)Bullish trend is continuing. Bullish Trend continues after making consecutive Higher Highs and Lows.by muhammadsufyan40003
USDZAR DOW analysis says trend is bullishThe trend is bullish, According to DOW analysis New Higher Highs and Higher Lows are printing continuously. 2 entries at the same level but with different Take Profits. The total Risk is 2% of the account.Longby MAAwan3
RAND VS DOLLAR (Technical & Mental perspective)The dollar currency has showed signs of strength, rejecting price level @100.4815, Which is also the 0.618% (discount) Fibbonnaci level, measured from the January 2018 Low @88.1967, to the High @114.728. Now we can agree that the Dollar could surge even higher from the price, however the dollar to the rand exchange rate has neared it's 3 month High @18.58420. The dollar should be slowing down on its rally and could/will make new highs but In slower and less volatile market moves - signalling a shift in market structure and fear brewing in the market. Speculators like you & I may perceive the dollar to rand exchange rate as expensive or too high that will lead to many closing or locking positions. Leaving the markets with minimal buying - side pressure and more sell - side pressure, causing a change in the initial direction and a shift into the market structure to a bearish sentiment. DIRECTION - INTRADAY/MID-TERM: ( from 21 Feb ) BULLISH - BUY LONG TERM: BEARISH (Weekly/ Monthly) by mbasatrades20032