USDZAR WEEKLY FORECASTHi Traders , Please Share Your Mind regard the Pair USDZAR, I would like to farther Learn more and Improve.
About U.S. Dollar / South African Rand
The U.S. Dollar vs. the South African Rand. The Rand was and became legal tender in the late 50’s to early 60’s for South Africa, Swaziland, Lesotho and Namibia after moving away from the Pound. After the apartheid era sanctions the Rand experienced a great deal of volatility and depreciation.
Related currencies
USDZAR-POSSIBLE REVERSAL IN PLAY-LONG BIASMONTHLY-monthly support/monthly respect candle
WEEKLY-weekly respect candle-Lq sweep
H4 sms with a Bullish context
Price currently is ready to buy
USDZAR Hey traders,here we are looking at USDZAR this currency pair am giving IDEAS on It once per year but this time it will be twice. JANUARY I UPDATED TRADERS THAT THE PRICE 20.000 IT'S A NOTE 💸IN SOUTH AFRICA WHICH MEANS IT WILL STRUGGLE TO BREAK THE RESISTANCE ON OUR USDZAR pair.
Reason it's because t
USDZAR long term BUYSHey traders,here we are looking at USDZAR this currency pair am giving IDEAS on It once per year but this time it will be twice. JANUARY I UPDATED TRADERS THAT THE PRICE 20.000 IT'S A NOTE 💸IN SOUTH AFRICA WHICH MEANS IT WILL STRUGGLE TO BREAK THE RESISTANCE ON OUR USDZAR pair.
Reason it's because t
USD/ZAR - Is it possible we could see R16.20 again?Finally an analysis, I am hoping to work out with the ZAR.
We are expecting further downside for the USD against the ZAR
M Formation
Price <20 and 200MA
Target R16.20
Is it possible?
Here are some fundamental factors.
💵 Weaker US dollar thanks to soft US labor data → Poor non-farm payroll & j
Bearish drop?USD/ZAR is rising toward the pivot level, which serves as pullback resistance, and could potentially reverse toward the 1st support level that acts as a multi-swing low support level.
Pivot: 17.25355
1st Support: 17.07395
1st Resistance: 17.35492
Disclaimer:
The above opinions given constitute g
USDZAR (LONG)
USDZAR been respecting the Box with and support level of it.
Has just rejected on the support level for long term bulls.
USD/ZAR AnalysisUSD/ZAR is currently testing a key support zone around the 17.07–17.00 level — an area that has held multiple times in the past. Price is showing signs of exhaustion on the downside, and the RSI is entering oversold territory, hinting at a possible bullish reaction.
If buyers defend this level, we
Bullish bounce off pullback supportUSD/ZAR is declining toward the pivot point, which serves as a pullback support level. From there, the pair could potentially bounce toward the 1st resistance level, which acts as a pullback resistance and sits slightly above the 60% Fibonacci retracement.
Pivot: 17.16611
1st Support: 17.10068
1s
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of USDZAR is 17.23402 ZAR — it has increased by 0.10% in the past 24 hours. See more of USDZAR rate dynamics on the detailed chart.
The value of the USDZAR pair is quoted as 1 USD per x ZAR. For example, if the pair is trading at 1.50, it means it takes 1.5 ZAR to buy 1 USD.
The term volatility describes the risk related to the changes in an asset's value. USDZAR has the volatility rating of 0.74%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDZAR showed a 0.19% rise over the past week, the month change is a −0.81% fall, and over the last year it has decreased by −5.01%. Track live rate changes on the USDZAR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDZAR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with USDZAR technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDZAR shows the sell signal, and 1 month rating is neutral. See more of USDZAR technicals for a more comprehensive analysis.