USDZAR-BUY strategy 3 hourly chart Reg., ChannelIt feels we are in a slight buying mode today. The indicators are somewhat positive, and we have made some ground before.
Strategy BY @ 17.5875-17.6350 and take profit near 17.7875
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.
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USDZAR-NEUTRAL SELL strategy 3 hourly chart Reg. ChannelI am cautiously SELL since the trend is not strong, but likely it feels seeing lower levels. We need to retest 17.60s - 17.55s before it may become oversold short-term. GOD is firmer and this helps to support this theory for now.
Strategy SELL @ 17.7500-17.7850 and take profit near 17.6000.
USDZAR Long trading opportunity(swing-trading) 4I expect a swing of about 50cents-75cents all the way up to R18.10+- per dollar, expecting the ZAR to weaken in the short term within a month to a few months(maybe more than a month not more than 3 months) to 18.10+-
I am risking money.
USDZARSince USD is bearish and ZAR is bullish,
The USD/ZAR pair has a downward bias.
Traders are betting against the U.S. Dollar and in favor of the South African Rand so USD/ZAR may move lower (ZAR appreciation).
USDZAR-SELL strategy 3 hourly chart Reg.ChannelThe pair does not show a clear direction at current levels, but considering Ichimoku cloud resistance, which is important for direction, we still have downside pressure short-term.
The key resistance lies around 17.9000-17.9300.
Strategy SELL @ 17.8250-17.8650 area and tak profit near 17.6350.
SELL USDZARUSDZAR to short to nearest pivot just below the fresh low at 17,60. New York session closed negative and price will revisit that low. Enter now and when the channel breaks
USDZAR-SELL strategy 6 hourly chartThere is selling pressure within a descending wedge, which means over-time we will see recovery. For now though short-term time frames are negative and likely we may see 17.4500 test.
Strategy SELL @ 17.5500-17.5975 and take profit near 17.4500.
USDZAR-BUY strategy 3 Hourly chart Reg. ChannelThe pair is still under pressure, and certainly not out of negative territory. I suspect we may test down side further, especially we have moved below 17.8750 area. The channel support is 17.60s and near that level would start considering BUY entry. The indicators are slightly positive, so if one is
USDZARCOT Report: Shows net shorts on the USD, indicating a bearish bias for USD/ZAR as institutional traders expect the ZAR to strengthen. Bias: The bearish bias
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
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.
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