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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

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
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
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
UPDATE I was wrong with USD/ZAR - Now it's undecidedWith trading it's not about certainties but probabilities. And in this case I was soo optimistic about the rand breaking its Inverse Cup and Handle and heading to R16.50. But instead the USD/ZAR rallied to R19.74. Apart from the negativity kicking in with the US, there is one thing I didn't really consider. And that is the US Dollar is going to hurt - no doubt. But the rand and emerging economies will more likely hurt even worse. Because despite it all we still follow the big boys (DOw, SP500, UK100) Hence when the US sneezes, the world catches a cold. But then we have other reasons for the rand weakening 1. 🗳️ Political Uncertainty in SA Coalition tensions and governance concerns are making investors nervous, pushing money out of SA. 2. 📉 Lower SARB Interest Rates South Africa cut rates again, making the rand less attractive to yield-seeking investors. 3. 🌍 Global Risk-Off Mode Traders are fleeing emerging markets amid global tensions—hurting the rand, boosting the dollar. 4. 💼 Weak SA Economic Outlook Low growth, high unemployment, and power issues reduce confidence in South Africa’s economy. 5. 🇺🇸 Stronger Dollar Demand U.S. dollar gaining strength globally due to safe-haven demand and higher relative rates So, yes - We are seeing some rand strength now and we are back to R18.88. We will need to wait for the next formation before we make any deductions on where it is likely to go. It could break up with the Falling Flag and run up to R20.00. Or it could stabilise and form an Inverse Cup and Handle again and drop to R17.50. We need to wait and see. I can't always post my winners - or else I wouldn't be an actual trader. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
by Timonrosso
USDZAR-SELL strategy Monthy chart GANN SQSome weeks back I had posted a monthly chart with a viewpoint of a likely S-H-S top formation, and that at that time the right shoulder still suggested we would see 19.3500 or more. Now we have formed this right shoulder pattern, and likely some more consolidation adding to the shoulder. The overall view is long-term a larger decline to unfold and a break of the neck line (shown) may translate to 15.3000 objective roughly. so for those trading long-term, and have deep pockets, this may be an interesting pattern to look at.
Short
by peterbokma