USDZARTODTOM trade ideas
USDZAR. The USDZAR is ready to rally but the daily equal lows are suspect. It would be great to see them swept before it rallies, but that will depend on how they use the news.
Bearish reversal?USD/ZAR is rising towards the pivot which is a pullback resistance and could reverse to the 1st support.
Pivot: 17.8394
1st Support: 17.4852
1st Resistance: 18.0390
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.
usdzar buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move
Bearish drop?USD/ZAR has reacted off the pivot and could drop to the 1st support which acts as a multi-swing low support.
Pivot: 17.8949
1st Support: 17.4852
1st Resistance: 18.0406
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.
USDZAR-BUY strategy 6 hourly chart GANNThe pair has not been able to sustain the higher levels, and came down sharply. Now we are basing I feel and this may be a BUY opportunity this time around. Indicators are starting to look positive, and supports the likely hood for a move higher again.
Strategy BY @ 17.6875-17.7350 and take profit near 17.9350 for now.
USDZXAR-NEUTRAL BUY strategy 3 hourly chartThe pair has moved lower as expected, however the decline has not been severe, and besides, other currencies show slightly oversold status, and this provide a good basis for BUY entry instead now.
Strategy BUY @ 17.9000-17.9300 and take profit near 18.0875 for now.
USDZAR-SELL strategy 12 hourly chart Reg.ChannelThe pair has been moving lower, and recovered this morning to 18.1200 area and came down quickly there after. the picture suggest we are negative territory and it feels we may test 17.9500 again going back 17.8150 area.
Strategy SELL @ 18.0500-18.0975 and taker profit near 17.8350 for now.
USDZAR-SELL strategy 6 hourly chart Reg. ChannelSame as the USDX of course, the pair is overbought. i felt yesterday we may see higher, but was not convinced to belong, however, we can add to our SELL, or have SELL position up here. The Reg. Channel is violated amidst this overbought status provides a good warning of potential corrective action.
Strategy SELL @ 18.2000-18.2500 and take profit near 18.0350 for now.
USDZAR Bullish ideaAs we can see this is our USDZAR quarterly shift idea were we are anticipating price to rally to the upside toward our draw on liquidity objectives. We had a weekly volume imbalance and monthly mean threshold order block show us support after we took out major liquidity points. We also showed more support on our daily FVG and a market shift taking place after a displacement. We are anticipating a rally for USDZAR and will be looking to see how price plays out.
USDZAR is an exotic pair that is part of the emerging markets and emerging markets/exotic pairs can usually lead ahead of major forex pair or lag between major forex pairs so this can also help us with our intermarket analysis of forex pairs when determining our dollar strength against other basket currencies.
USDZAR-BUY strategy 2-weekly chart Reg. ChannelThe pair is overall on negative mode long-term basis. However, judging the bottom of the channel 17.3700 area or slightly below, BUY entry might look interesting for a recovery medium-term.
Gold is under pressure4 again and medium-term is is overbought, considering that, the pair may find benefit moving back towards 18.1000 area again.
Strategy BUY into 17.35-17.45 region for profit target 18.0975.
USDZAR-SELL strategy 3 hourly chart GANNThe pair has upward pressure and I suspect we will see little higher. Perhaps we may touch near 18.0500-18.0975 area, before selling pressure may set in. Since we have established 17.8500 area, it is wise to wait for the SELL. We are approaching overbought levels.
Strategy SELL @ 18.0650-18.1150 and take profit near 17.8875.
buy then sell!Hello all. I had a time to check some other pairs as USDZAR. I don't trade this pair but for who wants to trade, I think there is a very good OPP. to go buy and sell one after another. be happy(wink)
USD-ZAR-NEUTRAL RANGE 3 hourly chartThe pair is locked in between the large range 17.60-17.90 and we are consolidating within this range.
For now I prefer to play from range side, and will buy or sell near the bottom or top of it.
A bullish reversal , price broke structure to the upside Price is currently at premium price on a bigger TF and on H4 we see bearish trend violated and retraced back to premium price range
UsdZar-Buy Scenario123 Levels, Inverse Head and Shoulders, Trendline Breakout and retest, Bullish Pennant Formation
USDZAR-BUY strategy 9 hourly chart The pair is remaining to be within a larger trading band. We are in negative mode, but slightly becoming oversold. Based on the ranges we have seen, one could attempt to be in BUYING mode, but careful as always. gold is strong, but am still having the view to see recovery. Other assets(if we wish to use that term) like BTC and ETH are also overbought, and could drag gold down, hence an improvement for USDZAR over time.
Strategy BUY @ 17.6875-17.7350 and take profit near 17.8875 again.
