Tomorrow view for USD/ZARSimple setup based on support resistance and SMC.
As in high timeframes it is bearish so we see for sell and its giving respect to Resistance which is good.
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.
USDZARThis can prove to be a good setup. The reason is that it is reacting with HTF supply. it can only be hoped that it gets better
USDZARUSDZAR seem to be programed not to trade below the 18.00 price. I would really like to see a small pull back before we shhot up, its gonna be a sniper entry or nothing, you can set an pending order for buy or patiently wait for manual execution. Remember to use pro risk management. Lets Download Su
USDZARIndeed, forex is a game of patience. I will confident to start buying lower, if USDZAR drops lower we are getting inn. All the best, use proper risk management. Lets Download Success
USDZARUSDZAR potentially is giving us a swing bearish setup and i will be willing to go short at the break of structure VHT your mentor signing out
USD/ZARI'd be happy to see USDZAR touch 18.30. price level. All the best, risk management comes 1st. Lets Download Success
USDZAR LONG Price has reached a strong support level on a daily TF and now forming an inverse head and shoulder which is another reversal pattern hence we expect more bullish movement
USDZAR SHORTPrice broke the strong support level turning it to a resistance level , we expect bearish movement after the retest is complete
Ranging Market (OVerall Trend Bullish)USDZAR is gonna buy to sell. 19.00000/ 19.25500 is resistance level, having 18.75500 as support. Intraday analysis.
USDZAR SHORTPrice is forming a descending triangle pushing for the upside on a daily timeframe , price still has to complete the third touch on our support trend line hence we expecting price to push towards downside in the mean time
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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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