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U.S. Dollar / South African Rand

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USDZAR trade ideas

USDZAR Excellent sell signalThe USDZAR pair gave a solid sell signal last time (August 16, see chart below) we made made a call on it, easily hitting the 17.500 Target: Yet again, the price got rejected near the top (Lower Highs trend-line) of the 8-month Channel Down. A candle closing below the 1D MA50 (blue trend-line) will confirm the sell signal. If successful, we will short and target Support 1 at 17.03500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
The USD/ZAR pair might be seen as bullish?!The USD/ZAR pair might be seen as bullish for several reasons: Economic Data: Positive U.S. economic indicators (like strong GDP growth, employment figures, or consumer spending) can boost the dollar. Interest Rates: If the Federal Reserve raises interest rates or signals a hawkish stance, it can lead to a stronger dollar compared to the rand. Political Stability: Any political uncertainty or instability in South Africa can weaken the rand, making USD/ZAR bullish. Commodity Prices: South Africa is a major exporter of commodities. If prices for key exports drop, it can negatively impact the rand. Global Risk Sentiment: In times of global uncertainty, investors often flock to the dollar as a safe haven, driving up the USD/ZAR rate. These factors, among others, can contribute to a bullish outlook for USD/ZAR
Long
by Marshall_Wick
WILL THE USD CURRENCY GAIN MOMENTUM AGAINST ZAR???USDZAR has been in an uptrend since the 30th of September in an overall bearish trend, we're looking to have a 3rd touch on our H4 bearish trend which could also result in a breakout depending on the buyers momentum, there is also a significant level acting as a CEILING, I believe we will once again see the reaction of SELLERS once price reaches this level. I am at a H1 trend breakout at a support level looking for more buy signals... WHAT IS YOUR TAKE???
Long
by innocentbongani84
USDZAR 18 October 2024 Skye Pulse 26 Forex Edition📊 Last Volume: 27, Average Volume: 35.612 📉 Volume below threshold, no action. 📉 Sell signal generated for USDZAR. 📊 Analyzing USDZAR with current price: 17.55705 📉 MACD Line: 0.01 | 📈 Signal Line: 0.01 | 🔶 Histogram: 0.00 📊 200-day MA: 17.56 No strong Buy or Sell signal for USDZAR, holding position. Generated Signal: Sell at price 17.55705 💹 Current Price: 17.56 📈 Fibonacci Levels: 0% Level: 17.65 🔽 23.6% Level: 17.62 🔽 38.2% Level: 17.61 🔽 50% Level: 17.60 🔽 61.8% Level: 17.59 🔽 100% Level: 17.55 🔼 The price is below the 50% Fibonacci level, caution with the Sell signal. 💵 Last price: 17.55705 📈 Supply Zones: 📉 Demand Zones: 📊 Current Trend: Sell 🚫 Alert! ❗ No valid signal for trade setup. 🔄 Please review your strategy and data! ⚠️ Alert! ❗ Can't determine the trend with the current data for USDZAR. 🔍 Please verify your inputs! 💡 ❌ No harmonic pattern detected. 🚨 THIS IS FOR EDUCATIONAL PURPOSES ONLY !!!! IM TESTING THE EA , PLEASE DO NOT SEE THIS AS TRADING SIGNALS
by personal_brand