Bearish reversal off 38.2% Fibonacci resistance?USD/ZAR is rising towards the pivot, which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse to the 1st support, which acts as a multi-swing low support.
Pivot: 17.79757
1st Support: 17.47879
1st Resistance: 18.03295
Risk Warning:
Trading Forex and CFD
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 - Forecast, Outlook and Market WatchHello fellow Market Watchers ☕
Today I'll take a top-view look at the USDZAR chart. And since I am in South Africa, this pair is of particular interest to me.
Now recently, the US introduced a 10% baseline tariff on most imports and lifted metals tariffs to 25%. Additionally, citrus, nuts, grapes
Bullish bounce off multi swing low support?USD/ZAR has bounced off the pivot, which is a multi-swing low support, and could rise to the 1st resistance.
Pivot: 17.4834
1st Support: 17.3449
1st Resistance: 17.7837
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can
Bearish reversal?USD/ZAR is rising towards the pivot which is a pullback resistance and could reverse to the 1st support.
Pivot: 17.8394
1st Support: 17.4852
1st Resistance: 18.0390
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can affo
USDZAR-BUY strategy 3 hourly chart GANNThe pair has moved sharply lower on USDX movement, and NOT GOLD price. Right now we have kind of confirmed upward momentum, and this seems pointing us back towards 17.8875-17.9350 area. This is my personal viewpoint of course.
Strategy BUY @ 17.5100-17.5450 and take profit near 17.8650 for now.
See all ideas
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 17.45952 ZAR — it has decreased by −1.53% 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 0.22%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDZAR showed a −0.95% fall over the past week, the month change is a −0.63% fall, and over the last year it has decreased by −3.00%. 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 strong 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 strong sell signal, and 1 month rating is sell. See more of USDZAR technicals for a more comprehensive analysis.