USDZAR BuyReasons for buy:
Bullish falling wedge on 1D chart.
Price floating on demand zone.
Confirming by breaking the structure on 1D with strong bullish candle.
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
Bearish continuation?USD/ZAR has reacted off the pivot which is a pullback resistance, and could drop to the 1st support.
Pivot: 17.18994
1st Support: 17.03912
1st Resistance: 17.29174
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets
Bearish drop?USD/ZAR is rising towards the pivot and oculd reverse to the swing low support.
Pivot: 17.37924
1st Support: 17.18709
1st Resistance: 17.49333
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of perso
USDZAR⬆️ Buy Range: 17.2400 - 17.1800
⏹️ Stop Loss: 17.0200
*️⃣ Take Profit: 17.5000
🔠 Price movement within a narrow range with a probable breakout and consolidation above 17.5000.
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
#034: USD/ZAR SHORT Investing Opportunity
In recent days, the exchange rate has struggled every time it climbed back to the 17.40–17.48 range: above there, the price is rejected, leaving shadows, and unable to close strongly. Hello, I'm Forex Trader Andrea Russo, an independent trader and prop trader with $200,000 in capital under managem
USDZAR updateWhen I posted my last idea on the USDZAR pair, the pair was trading just above the 200-week MA. The rand has managed to break below this level, currently at 17.74, and pull the pair all the way down to the 2024 low of 17.08. The rand however bounced hard off this support at 17.08 due to risk-on sent
USDZAR - Potential Sell SETUP | Target: 16.7000USD/ZAR has recently shown signs of bullish exhaustion near the 17.4900zone, which aligns with a strong resistance level from the previous swing high. The pair has also started to form lower highs on the 4H chart, suggesting momentum is shifting in favor of the rand.
Technical Factors:
Resistance
Bearish drop off?USD/ZAR has rejected off the pivot which acts as an overlap resistance that aligns with the 50% Fibonacci retracement and could drop to the 1st support.
Pivot: 17.46351
1st Support: 17.15575
1st Resistance: 17.62644
Disclaimer:
The above opinions given constitute general market commentary, and d
Rand despite poor performance this week The rand has showed the Euro and Pound along the Dollar its mighty power. Despite the rand weakening this week, we have forecasted that bears might enter soon. The W pattern formation in the dollar might be a continuation of the M pattern. As the the dollar to the rand reached key support 17.4860 th
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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 17.31193 ZAR — it has increased by 0.00% 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 0.82% rise over the past week, the month change is a 0.37% rise, and over the last year it has decreased by −1.43%. 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 neutral. See more of USDZAR technicals for a more comprehensive analysis.