Get started

USDZAR

USD to ZAR exchange rate is closing its week on a rough noteThe US dollar to South African rand exchange rate is closing its week on a rough note as bearish investors take advantage of the renewed risk sentiment and attraction for emerging market currencies. The South African rand strengthens this Friday thanks to the easing concerns about the US-China trade war. The USDZAR pair is expected to hold on to its bearish momentums as the rand looks to regain some of its losses against the greenback. Apparently, the positive news about US and Chinese trade negotiators holding a phone call gave off a risk-on mood for investors. According to reports, the top trade officials of Washington and Beijing agreed to fortify their economies and prioritize public health cooperation. The news further undermined the safe-haven appeal of the US dollar. And considering that news about the South African economy gradually reopening once again has also boosted the confidence of the bearish investors.
Short
by Financebroker
Usd/Zar (The Move Up Was Probably A 2 Day Retest)Look for a sell right now! DO NOT SELL NOW!!!!! You have to wait for price to start to move down. Spreads will be high at the open in 1 hour and a half anyway ... So you might as well just wait! This pair is at a all time high on the "Weekly, Monthly Chart" .... We already traded a big 2 day move down... but I took profits when price started to move up!!!! So now... I think this is the retest and big drop..... I think price will drop to support, pullback, and then break support..... But for now... Watch It... and if your trying to enter... use some kind of moving average crossover system to enter. If you enter right now you can get whipsawed and maybe even lose the trade!!!! This is one of my favorite pairs to trade by the way! Check out the last analysis of this pair below
Short
by RlcTrading
1
USDZAR 18.86470 -0.98% IDEAGood Day Traders... A LOOK AT USDZAR IN THE COMING WEEKS >> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT. > ITS STILL EARLY TO ASSUME THAT THE USDZAR HAS FOUND ITS ROOF AND WE WONT BE SEEING HIGHER BREAKOUTS. > RAND FIRMED LAST WEEK AS THE GOV DISCUSSED MEASURES TO CONTAIN THE ECONOMIC IMPACT OF COVID-19 EVEN THOUGH STOCKS FELL > PRESIDENT RAMAPHOSA PLANS TO STIMULATE THE ECONOMY AS WE ARE TO ENTER STAGE 4 OF THE LOCKDOWN WHICH WE'LL SEE MORE BUSINESSES BEGIN TO OPERATE WHAT EFFECT WILL THAT HAVE ON THE ECONOMY IS YET TO BE SEEN BUT CASES OF THE COVID-19 ARE ON THE RISE... > THE OIL CRASH ALSO AFFECTED THE ZAR NEGATIVELY > SO WHERE TO ON THE RAND , ONLY TIME WILL TELL TECHNICALLY THERE ARE A COUPLE OF SCENARIOS I'M LOOKING AT THIS WEEK > WE SEE THE ZAR IN A RISING CHANNEL, WILL THE CHANNEL HOLD ON THE 4H OR ARE WE BREAKING WITH THE BEARS... WE'LL SEE HOW IT GOES BUT THE ASCENDING CHANNEL IS STILL IN PLAY FOR NOW.....
by PULEMokhothu
USDZAR Bullish or Bearish???In my previous analyses I have provided reasons as to why I considered the USDZAR bullish for the medium to long term but it seems for the short term at least we may be seeing bearish price movements. I believe we're seeing this because of weakening of the USD and in part due to overbought levels on the daily time frame, meaning its a necessary pull back if we are to see good momentum going forward in terms of bullish action, also if you refer to the gann fan drawn in that I had also mentioned in my previous analyses you'll see we currently rest on the 3/1 ratio line which I spoke about earlier last week when price broke through the very respected 2/1 ratio line. I did not want to rely too heavily on the fan, however it does coincide with previous support + the ascending wedge and was respected for quite some time, and as such it's my belief that if price is to move in a bullish direction it's going to happen sooner rather than later (2 days left till May ).
Long
by Papache
1