USDZAR | 28.03.2025BUY 18.1500 | STOP 18.0000 | TAKE 18.3300 | Movement in the main ascending channel.
USDZAR trade ideas
USDZAR-SELL strategy 9-hourly chart Line Brk (2)The pair is still technically on the downside, and we respected 18.3500 area very well. The indicators are half heart negative and feel we should see lower levels in the coming sessions.
Strategy SELL or ADD @ 18.2350-18.2750 and take profit near 18.0250 for now.
Bearish drop?USD/ZAR is rising towards the pivot and could drop to the 1st support.
Pivot: 18.32616
1st Support: 18.05807
1st Resistance: 18.46573
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.
USDZAR -BUY strategy 9-hourly chart HeikinThe pair remains in an upside pressure mode, and there are some good reasons to be found for it: 1. GOLD should retreat towards $ 2,930 at least 2. USDX is positive 3. indicators support move higher for now.
I prefer to look at the long hourly charts, since the shorter ones are tug-and-war under the current range trade scenarios. The 9-hourly shows little more overall possibilities right now.
Strategy UNCHANGED BUY @ 18.2150 - 18.2450 (or feel free slightly higher). The profit level is now somewhere 18.4150.
USDZAR-SELL strategy 6-hourly HeikinIt remains to be an unclear direction, and each day it appears to be one direction or another. I really hate that :)
Today, is a SELL day, we are negative indicators.. (more than shown).. pressure downward and feel we test 18.1500 going towards 18.0000 test once again.
Strategy SELL @ 18.1950-18.2350 and take profit near 18.0350 for now.
USDZAR- BUY strategy 3 horuly chart Heikin AshinThe pair is starting to look little better on the charts,. We are above the cloud support 18.2200 area and we are approach regression channel top 18.3050 area. Since the channel is downward, it suggests a breach above let's say 18.3350, would indicate higher levels before lower again. Based on today's chart, I feel BUYING is the way to go for short-term trade.
Strategy BUY @ 18.2150-18.2450 and take profit near 18.3450 for now. Monitor as you might get better mileage out of it.
USDZAR-NEUTRAL SELL Strategy 6 hourly chartThe pair is in fact ranging within a large area, but breaking it down, over all we should see lower from direction point of view. The current state suggests upside pressure but as long we are below 18.3800-18.4000 and not broken, we should see a test of 18.0000 again. Then 3-hourly chart is negative slightly.
Strategy SELL @ 18.2000-18.2400 and add below 18.3300 area, if seen. I am preferred NEUTRAL but for those willing to stick out there neck, this is my ideas currently, without having a position right now.
USDZAR -NEUTRAL 3 hourly chart KAGIThe pair has tried higher yesterday in the 18.22s area, and now this AM lower 18.1450. The technical picture is improving and its lesser negative, but same time I am not feeling confident either way, whether up or down. The descending triangle suggest overtime to see higher levels again, is my personal viewpoint.
Strategy consider a range trade 18.0350 - 18.3200 for now. will update if more concrete ideas will arise.
USDZAR-NEUTRAL BUY 3 hourly chart strategy KAGII am not very convinced that we will turnaround as yet. The issue being, longer-term charts showing still negativity for the pair for 6-hourly and beyond. The 3-hourly chart seems to have some positive indicators, and its oversold slightly. That is why am a careful BUY, and prefer neutral stance.
1. Strategy BUY @ 18.0750-18.1150 and take profit near 18.2750
2. Strategy SELL @ 18.1500 - 18.1850 and take profit near 17.9850 based on 6-hourly chart.
It's impossible but the USD/ZAR says it's going to R16,80I know I know.
No way, will we ever see the rand at R17.00 let alone R16.80.
But the charts say it's possible. I doubt it will be allowed with such inflationary issues. However, with an unstable US presidency and an uncertain world with the US Dollar it actually has some semblance of possibility.
HEre are some other reasons for upside for the ZAR:
1. High Interest Rates Attracting Investors
If global central banks start cutting rates while South Africa keeps them high, investors looking for better returns could pile into the Rand.
2. Stronger Commodity Prices Boosting Exports
Higher gold, platinum, and coal prices mean more foreign money flowing into South Africa, which naturally strengthens the Rand.
3. Government Pushing for Economic Reforms
If the government sticks to promised reforms—like fixing Eskom and reducing debt—investors might regain confidence in the economy.
4. Lower Inflation Stabilizing the Economy
If inflation cools down, it gives the Reserve Bank more room to maneuver and keeps the Rand from getting battered by price instability.
5. A Weaker U.S. Dollar Playing Its Part
If the U.S. Federal Reserve starts cutting rates, the dollar could lose steam, making the Rand look relatively stronger.
TECHNICALS:
Price <20 and the MAJOR 200MA
Price below Inv Cup and Handle
Target R16.80
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDZAR-SELL strategy 6 hourly KAGII am inclined to see the pair a bit lower. Most indicators are still negative, and we have room until 17.8500 area main support area. I am not suggesting we go that fare, but there is little more room to test 18.0000 - 17.9500 area before recovery I think.
Strategy is suggested SELL @ 18.13509-18.1650 and take profit near 17.9850-18.0100 area.
Bullish bounce?USD/ZAR is reacting of the pivot and could bounce to the 1st resistance.
Pivot: 18.06195
1st Support: 17.90904
1st Resistance: 18.21062
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.
USDZAR-SELL strategy 6 horuly chart KAGIWe have some supporting evidence to see lower levels for the pair as indicate with my previous issued BUY strategy around 18.1000- 18.1350. However, I wish to note, that the decline can be a little larger based on KAGI chart. We clearly have broken below 18.3150 and outside the support of the triangle or APEX.
Strategy SELL @ 18.1650-18.2150 and take profit near 18.0350 for now.
USDZAR-BUY strategy 6 hourly chart GANNThe pair is under pressure and judging Fisher Form, we may see a little weakness more. The reason for BUY is that USDX and the AO and others not shown, show potential for recovery and overall we will likely see a return to 18.5500 area.
Strategy BUY @ 18.1000-18.1350 and take profit near 18.4950.
USDZAR-NEUTRAL BUY strategy 6 hourly chart Line Break (2)The pair is trading in the lower band of the channel, and feels may go lower. However, based on the technical picture, we are still in BUY mode, and as mentioned yesterday, it is in a large range, and I remain neutral BUY since I have no clear green light to go ahead with being long.
Strategy for those willing: BUY @ 18.2350-18.2850 and take profit near 18.4150 for now. It stalled around there yesterday.
USDZAR-NEUTRAL BUY strategy 9 Hourly chart - Heikin AshiThe pair is personally for me in a range, and no significance in terms of direction. I wish to note, we are slightly on BUY side as fisher form provides some support to that view point. We have a trend line around 18.4000 that must be captured first, before I would feel more confident in seeing higher levels. The trend-line holding it, is in fact a S/H/S top formation, as I had mentioned some days back which may have an overall objective of 17.2300 area.
For now shirt-term strategy BUY 18.3000-18.3400 and hope for the break and take profit near 18.5350. I prefer to be side line though.
USDZAR-NEUTRAL BUY strategy 3-hourly chart - Heikin AshiThe pair is basing a bit now, and we have indicators suggesting we may see higher levels in the near future. The resistance 18.3650 area is in tact still, even though we tried and moved higher, but returned lower again.
Overall we are improving, and there is a chance to see movement back towards 18. 4900 test.
Strategy BUY @ 18.3750 or slightly higher on confirmed break and take profit near 18.5350 for now.
USDZAR-SELL strategy Daily chart Line Break (2)The possible S/H/S top suggest strongly we may see a large decline coming months to 17.2300 area. the head high vs. the neckline corresponding to it, suggest a roughly 1.12 points drop from the estimated break point 18.3300 area.
Strategy SELL current @ 18.25-18.40 (take it a wide range for the large objective) and take profit let's say at 17.4350 for now.
