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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