USDZAR-SELL strategy 90 Min chart Regression channelThe pair is under pressure, and considering the USDX I think we will see lower over time. I have aborted BUY strategy (even-though NEUTRAL stance) and am going back to yesterday's sell idea.
Strategy SELL @ 18.0350-18.0750 and take profit near 17.8875 (as yesterday)
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.
USDZAR-NEUTRAL SELL strategy 6 hourly GANN SQThe pair still may go little higher over time, but my NEUTRAL SELL stance is due to the fact we have higher GOLD prices once again, and also shorter time frames are slightly negative, and my trend type indicator suggest deeper move lower.
Overall indicators still provide a chance of some recovery,
USDZAR-NEUTRAL BUY strategy 3 hourly chart GANN The pair failed to build on the decline below 18.0000 as promising it looked. We are basically trading within a larger band, and makes it difficult to get the trend direction. I will try to see how the longer periods fare this moment in time. I think we have a chance seeing higher, but am not fully
Time to take a breather Mr ZAR?The rand has been on a tear since the second week of April which as seen it pull the pair all the way down onto the psychological rate of 18.00, all the way from the previous all-time high of 19.92. The rand benefited from the global search for yield and at +10%, the 10-year SA government bonds stil
USDZAR BUYING OPPORTUNITY After studying the markets movements for the past few weeks,and also considering the past movements (Technical analysis) i was able to predict that USDZAR is going Long(up) which is a buying opportunity. Already the market is in a up trend ,but now is the perfect chance to place buy trades.
USDZAR-BUY strategy 3 Hurly chart HEIKIN ASHIThe pair went down as expected, and now settling in at the lower levels. GOLD is moving lower again, and likely will go south below $ 3,100 I feel. The pair has room to correct to near 18.2750 or slightly higher before lower again.
Strategy BUY @ 18.0350-18.0750 and take profit near 18.2475 for no
USDZAR-NEUTRAL SELL strategy 6-hourly chart GANNThe pair is indecisive to say the least. I feel over time we should see higher levels, but short-term its a bit cloudy. Right now resting support area 18.2100-18.2350 and a few negative indicators. One I use (not shown) is negative, and carries some credibility when combined with others. For now I s
USDZAR-BUY Strategy 12 hourly - FIB The pair has moved from the lower 18.10s and had some recovery to 18.3200 area and then settled lower. we are in a wider range, but considering the distance from cloud support breal and where we are at, this seems a little large. If we consider the view that we have bottomed qhich it feels to be the
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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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