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SOUTH AFRICAN RAND / U.S. DOLLAR

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ZARUSD trade ideas

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.
by peterbokma
2
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.
Short
by Timonrosso
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.
Long
by ICmarkets
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.
by peterbokma
1
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.
Short
by ICmarkets
Bearish drop?USD/ZAR is reacting the pivot and could drop to the 1st support. Pivot: 18.3261 1st Support: 18.0580 1st Resistance: 18.4657 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