Bearish drop?USD/ZAR has reacted off the pivot and could drop to the 1st support which acts as a multi-swing low support.
Pivot: 17.8949
1st Support: 17.4852
1st Resistance: 18.0406
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can
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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USDZAR-BUY strategy 6 hourly chart GANNThe pair has not been able to sustain the higher levels, and came down sharply. Now we are basing I feel and this may be a BUY opportunity this time around. Indicators are starting to look positive, and supports the likely hood for a move higher again.
Strategy BY @ 17.6875-17.7350 and take profit
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
USDZXAR-NEUTRAL BUY strategy 3 hourly chartThe pair has moved lower as expected, however the decline has not been severe, and besides, other currencies show slightly oversold status, and this provide a good basis for BUY entry instead now.
Strategy BUY @ 17.9000-17.9300 and take profit near 18.0875 for now.
USDZAR-SELL strategy 12 hourly chart Reg.ChannelThe pair has been moving lower, and recovered this morning to 18.1200 area and came down quickly there after. the picture suggest we are negative territory and it feels we may test 17.9500 again going back 17.8150 area.
Strategy SELL @ 18.0500-18.0975 and taker profit near 17.8350 for now.
USDZAR Bullish ideaAs we can see this is our USDZAR quarterly shift idea were we are anticipating price to rally to the upside toward our draw on liquidity objectives. We had a weekly volume imbalance and monthly mean threshold order block show us support after we took out major liquidity points. We also showed more s
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
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.
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