USDZAR Bearish FlagI am picturing a bearish flag formation here on USDZAR to accelerate the recently found down trend. If this is the case, price should revisit 18,65 before heading down
About U.S. Dollar / South African Rand
The U.S. Dollar vs. the South African Rand. The Rand was and became legal tender in the late 50’s to early 60’s for South Africa, Swaziland, Lesotho and Namibia after moving away from the Pound. After the apartheid era sanctions the Rand experienced a great deal of volatility and depreciation.
USDZAR-BUY strategy 3 hourly chart IchimokuThe pair still has an overall downside bias, but short-term still have a chance to see slightly higher levels. The 18.6900 and 18.4700 area are to be respected for now.
Strategy BUY @ 18.5100-18.5400 and take profit near 18.6875 for now.
USDZAR-NEUTRAL BUY 90 Minute GANNIt feels we may be moving little higher. The volatility is low, making it more difficult to get the direction. However, stochastic is low and may turn, and for the rest slight pressure is seen.
Strategy BUY (if wished for) @ 18.6750-18.7250 and take profit near 18.8750 for now.
USDZAR-BUY strategy 9 hourly chart - Regression channelThe pair has moved a little lower yesterday, and has returned above 18.60s.
The pressure is slightly upwards, but its not completely confirmed, since we have are moving slowly and not a solid move so far.
Strategy BUY @ 18.6150-18.6550 and take profit near 18.8850 for now.
USDZAR-NEUTRAL SELL strategy 3 hourly chart GANNwe have moved higher from where I felt it would, and now we are starting to be overbought slightly. One should be careful as the pressure it still upwards, but SELL is the better way now, I feel.
Strategy SELL @ 18.8650 - 18.9150 and take profit near 18.6150-18.6350 area.
USDZAR-BUY strategy 3 hourly chart GANNYesterday I underestimated the downside potential, and now we are below 18.5500 trend line, which does not bode well. However, we have a low RSI and other indicators, and even though pressure seems downward, I think we may have a change to recover to 18.7000 again.
Strategy BUY @ 18.4750-18.5100 an
USDZAR Potential to 18.000 SHORTPrice below potential free range zone a indicated by chart
currently in the Trade will hold and wait
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
USDZAR LONGLong Position.
Based on the uptrend that has been there, and the chart patterns, confirmed by H4 Candles today, and the correlation with GBPUSD, there is a potential long.
Scaling in as we observe is my strategy on this one.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of USDZAR is 18.66908 ZAR — it has increased by 0.58% in the past 24 hours. See more of USDZAR rate dynamics on the detailed chart.
The value of the USDZAR pair is quoted as 1 USD per x ZAR. For example, if the pair is trading at 1.50, it means it takes 1.5 ZAR to buy 1 USD.
The term volatility describes the risk related to the changes in an asset's value. USDZAR has the volatility rating of 1.00%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDZAR showed a 0.32% rise over the past week, the month change is a 2.22% rise, and over the last year it has decreased by −0.52%. Track live rate changes on the USDZAR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDZAR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with USDZAR technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDZAR shows the buy signal, and 1 month rating is strong buy. See more of USDZAR technicals for a more comprehensive analysis.