Bullish bounce off?USD/ZAR has bounced off the pivot, which is a pullback support that aligns with the 38.2% Fibonacci retracement and could rise to the 1st resistance, which has been identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Pivot: 15.91419
1st Support: 15.83200
1st Resi
U.S. Dollar / South African Rand
No trades
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
Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 16.1268
1st Support: 16.01453
1st Resistance: 16.33042
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC M
usdzar buy USD/ZAR Trade Setup
I am buying USD/ZAR with a stop loss at 15.63985 and a take profit at 16.54883.
The reason for taking this trade is that USD/ZAR currently appears undervalued. I expect the U.S. dollar to appreciate against the rand in the near term.
Additionally, over the past five years, USD
USDZAR – 4H | Sell Plan (No Entry Yet)Market is currently moving into a higher-timeframe supply / premium area.
This zone is not an automatic sell it’s an area of interest.
I am waiting for price to push higher into the zone and then prove buyers are weak.
What I need before selling:
Price taps deeper into supply
Rejection (long wi
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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 15.98821 ZAR — it has increased by 0.07% 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 0.48%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDZAR showed a 0.48% rise over the past week, the month change is a −2.69% fall, and over the last year it has decreased by −12.99%. 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 sell. See more of USDZAR technicals for a more comprehensive analysis.









