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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

Bearish drop off pullback resistance?USD/ZAR has reacted off the pivot which is a pullback resistance and could drop to the 78.6% Fibonacci support. Pivot: 18.8560 1st Support: 18.5925 1st Resistance: 19.0351 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.
Short
by ICmarkets
USDZAR-SELL strategy weekly chartIf we look at the decline in GOLD PRICE from the high to the recovery mode, i.e. $ 2,785 high to now current $ 2,680.. this is only a decline of 3.5%. the USDZAR is highly correlated with GOLD and the low 17.0300 area to the current price is an increase of around 12.5%. This obviosuly show misalignment, and adding a high USDX we should see the USDZAR back to around 18.50 atleast to correct the over statement. Strategy SELL @ 19.0500-19.2500 (its medium term) and take profit near 18.5000.
Short
by peterbokma
USDZAR 1Q2025 outlookThe rand has been on the ropes since mid-December after it failed to pull the pair below the 50-day MA support. Since then the broad-based dollar strength has seen the rand give away all its post-election gains. Fundamentally there I only see two factors which are supportive for the rand as we head into 2025. The first is a strong SA trade surplus of R34.7 billion for November 2024 and the second is the SARB’s continued hawkish stance. The dollar has punished both developed and developing market currencies whose central banks opted to front run the Fed with their respective rate cuts last year and the SARB’s hawkish stance has limited the rand’s losses in 2024. Apart from these two factors, the overall risk-off sentiment stemming from the volatility in the US and other bond markets coupled with the fleeting post-election SA election optimism does not bode well for the rand. Technically, we have completed a five wave impulse for the pair which pushed the pair to a high of just shy of the psychological handle of 19.00. I believe we should see an ABC corrective pattern play out and a re-test of the levels around 18.40 and 18.50. A failed break below this support range will be the first sign for the predicted move higher towards the 2024 high of 19.35. A break below the 50-day MA will however invalidate the idea and allow the rand to re-test levels below the 18.00 handle. The 50- and 200-day MAs are currently sitting at 18.15 and we are seeing the infamous “golden cross” taking shape which is rand negative. Over the very short-term, the bearish divergence on the RSI could allow the rand to strengthen with today’s US non-farm payroll volatility. The USDZAR and the DXY both look overstretched and this week’s attempted move higher for the USDZAR does have the characteristics of a bull trap.
Long
by Goose96
USDZARGood day traders as you see The rand is weak and the dollar is strong due to the investment spending the south African government did,as the price is being pull we can stay alert on the reversal wedge which was formed (A,B,C and D) below the supply zone and also kindly know that the supply the reason for it's strongest it's because of 20.000 price is also a NOTE 💸In south Africa and it has value While as we can see the A and C from The reversal wedge is close to each other which makes that a Double TOP partten.And as soon as the price is at 19.469 kindly note that you can make your entries at 19.9734 or 20.000 for a short position make sure you follow your risk management plan and also lookout fir a proper entry around the level and Hold Till TP1 and TP2
Short
by NASDAQ_KINGZ2
USDZAR Good day traders as you see The rand is weak and the dollar is strong due to the investment spending the south African government did,as the price is being pull we can stay alert on the reversal wedge which was formed (A,B,C and D) below the supply zone and also kindly know that the supply the reason for it's strongest it's because of 20.000 price is also a NOTE 💸In south Africa and it has value While as we can see the A and C from The reversal wedge is close to each other which makes that a Double TOP partten.And as soon as the price is at 19.737 kindly note that you can make ur entries at 19.9700 till 20.000 for a short position make sure you follow ur risk management plan and also Lookout for a proper entry while we holding till TP1 and TP2 This is not a financial advice but an idea on how to swing USDZAR for the Upcoming Months 🙂🙏As you all know me as ur mentor @pee_one_rsa Open chats for Further explanation of the analysis
Short
by NASDAQ_KINGZ2
USDZAR :Market Analysis: Bearish Now, Potentially Bullish at DCurrent Market: Bearish (Downtrend) The market is currently moving downward from Point C towards Point D, indicating a bearish trend because: Price movement is consistently heading lower. A bearish market reflects that sellers are stronger than buyers at this stage. Point D is located at a critical level, the 127% Fibonacci extension of BC, which is where a potential market reversal (turnaround) is expected. If the Market Reaches Point D: Bullish (Uptrend) If the market reverses at Point D, it is expected to shift into a bullish trend: Reason: The 127% Fibonacci extension level often serves as a zone where sellers lose momentum, and buyers regain control. An upward move would indicate the market is attempting to reclaim higher levels, such as C or even beyond. Summary: Expectations for Both Directions Now: Bearish Trend: The market is moving downward towards Point D, with sellers currently in control. If Reversal Happens at Point D: Bullish Trend: If the price reverses at Point D, the market could shift upward (bullish). This would mean that buyers have regained control, potentially leading to a steady upward movement. Overall Insight: Point D is the key level that will determine the market's direction. If the price breaks below Point D and continues lower, the bearish trend will persist. If it reverses at Point D, we can expect the market to turn bullish and move higher
by ProfissionalGoldHntryhunter
M and W Trading Strategy: Will USDZAR Go Down From Here?The M and W trading strategy has long been a favorite among price action traders, thanks to its simplicity and effectiveness. These patterns represent moments of reversal where market sentiment shifts from bullish to bearish (M) or bearish to bullish (W). Today, let’s analyze USDZAR using this strategy. Looking at the chart, there’s a potential “M” forming around a key resistance level. This structure, combined with signs of exhaustion in bullish momentum, hints that a downward move may be on the horizon. The neckline of the M pattern—often a critical support level—becomes the area to watch. A clean break below it could confirm the pattern and signal a short opportunity. However, as always, context matters. Check for confluences such as higher time frame trends, volume spikes, or rejection candles. Pair this with strong risk management by setting stop-loss levels above the resistance zone and planning your target near the next significant support level. Final Thought: Do you think the M pattern on USDZAR will play out, or is the market setting us up for a fake-out? Drop your thoughts below! Let’s dive into this setup together.
Short
by TLTurnerTV
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