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U.S. Dollar / South African Rand

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USDZAR trade ideas

Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance. Pivot: 18.42633 1st Support: 18.12402 1st Resistance: 18.77859 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish bounce?USD/ZAR is reacting off the pivot and could bounce to the 1st resistance. Pivot: 18.71637 1st Support: 18.44436 1st Resistance: 19.07855 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Is the USDZAR About to Crash? Elliott Wave Says Yes Technical Analysis (Elliott Wave View): 🌀 Wave Structure Overview (Elliott Wave): Wave (1): Sharp rally up to 2008 (Global Financial Crisis peak). Wave (2): Deep corrective wave ending around 2011. Wave (3): Strongest and longest wave, peaking around 2016 (a textbook impulsive 3rd wave). Wave (4): Sideways-to-down correction, consolidating the gains of Wave (3), ending 2018. Wave (5): Final push higher, peaking around 2023–2024. 🧠 Note: Wave (5) looks like it may be ending or already ended, indicating a major corrective phase is due. 📉 Projected Correction: The projected arrow suggests a retracement down to the 11.50 – 13.00 ZAR zone. This level aligns with: Previous Wave (1) top (2008), Wave (4) low (2018), Strong monthly demand zone (grey box). 💡 This supports the idea of a full cycle correction — possibly a Wave A-B-C retracement on a higher time frame. 🌍 Fundamental + Macro Drivers to Watch: 🇺🇸 U.S. Factors: Interest rate cycle: If the Fed starts cutting rates post-2024, USD weakness can contribute to this bearish outlook. Election year: Political uncertainty or a shift in administration could trigger capital flow changes. 🇿🇦 South African Factors: BRICS expansion and de-dollarization: If BRICS continues pushing for reduced USD reliance, it might support ZAR strength long-term. Commodity cycle: As a resource-rich economy, a commodities boom (e.g. gold, platinum) could strengthen ZAR. Policy and infrastructure improvements in South Africa could also boost investor confidence and foreign inflows. 📊 Conclusion: This is a major long-term top formation on USDZAR with: Clear 5-wave completion, Room for a deep correction (potentially 30–35% downside from current levels), Strong technical confluence at the 11.50–13.00 range, Fundamentals that could support ZAR strength over the next few years.
Short
by lakhemvuyana
USD/ZAR Bullish Structure Holds, Waiting for PullbackUSD/ZAR is currently trading at 18.80, having recently rejected the key resistance level near 19.00, which has acted as a historical ceiling multiple times. Despite the rejection, the pair maintains a clear bullish structure and continues to trade above the Ichimoku cloud (Span A at 18.86 and Span B at 18.48), confirming the dominant upward trend. The Trend Strength Index (TSI) shows: TSI(10): 0.64 (approaching overbought) TSI(20): 0.37 This suggests strong upward momentum in the medium term, though a temporary pullback is expected as short-term momentum cools. The optimal scenario is a retracement toward the support zone between 17.59 and 16.68, where we could see a new TSI oversold signal, similar to previous bullish continuation setups. This would offer a high-probability entry aligned with the trend, targeting a move back toward the 19.91 swing high, or even further to 21.80, as suggested by the projected extension. If price breaks below 16.68, the bullish structure would be invalidated, and the setup would no longer be valid. Trade Setup Summary: Buy Zone: 17.59 – 16.68 (support area) Target: 19.91 (resistance) Stop Loss: Below 16.68 Bias: Bullish while above 16.68 TSI Confirmation: Look for oversold reading at support for ideal entry The US dollar remains firm on the back of relatively strong macroeconomic data and persistent inflation concerns, keeping rate cut expectations limited. In contrast, the South African rand is under pressure due to political uncertainty, slow growth, and structural fiscal issues. These macro conditions support continued USD strength over ZAR, aligning with the current technical uptrend. Any global risk-off move could further weaken the rand and accelerate bullish continuation on USD/ZAR. Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
Long
by SupertradeOfficial
USDZAR Bearish Optimism.Hi there, On USDZAR, it seems that we don't have much upward momentum left, do we? The price has reached the highs of the 19.31-19.55 area, and we might see a decline that could potentially mark the end of wave 4. The Wave 5 is a bit tricky there; it may fall to the 18 area, which is a zone of interest, or it could potentially drop further down to 16.5. Although prices may drop to 15.960 from the high of 17.174, my bias is in favour of 16.5, with two price targets at 18.5 and 18.0. Happy trading and have a great week. K. Not trading advice.
Short
by Khiwe
Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance. Pivot: 18.71637 1st Support: 18.44436 1st Resistance: 19.26038 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets