Bullish rebound from strong support?USD/ZAR is falling towards the pivot, an overlap support and could bounce towards 1st resistance, which is a pullback resistance.
Pivot: 16.22609
1st Support: 16.02944
1st Resistance: 16.56100
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opi
U.S. Dollar / South African Rand
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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.
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Bearish reversal off 50% Fib resistance?USD/ZAR is rising towards the pivot and could reverse towards the 1st support.
Pivot: 16.59238
1st Support: 16.26239
1st Resistance: 16.84366
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of persona
Potential bearish reversal?USD/ZAR is rising towards the pivot, which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse towards the 1st support.
Pivot: 16.59238
1st Support: 16.26239
1st Resistance: 16.84366
Disclaimer:
The opinions given above constitute general market comm
USDZAR, at the mercy of the headlinesIn my previous idea I expected the pair to test the resistance at 17.08, the “2024 GNU optimism peak.”
After the Federal Reserve’s interest rate decision last week Wednesday, the pair looked to be well on its way to test levels above the 17.00 handle after testing the 200-day MA at 16.88. The upsi
Bearish drop off?USD/ZAR has rejected off the pivot and could drop towards the 61.8% Fibonacci support.
Pivot: 16.76837
1st Support: 16.43871
1st Resistance: 17.00499
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of
USDZAR | Weekly [Outlook]Looking at USDZAR from my previous analysis, I noticed that USDZAR dropped to around the 16.00000 - 15.50xxx area and managed to rebound from that area.
Now looking to the right I expect that USDZAR will start pushing further up after failing to break below the 15.50xxx psychological level, once US
Riding the Wave back to SupportThe structure on USDZAR is looking heavy. After that complex corrective bounce to Point (E), we’ve hit a solid wall at the 17.10 resistance zone. The rejection there was clean, and now the technicals are pointing toward a move back down to test the major support floor.
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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 16.61532 ZAR — it has increased by 0.34% 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 1.57%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDZAR showed a 0.24% rise over the past week, the month change is a 1.35% rise, and over the last year it has decreased by −8.89%. 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 buy 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.









