Get started

SOUTH AFRICAN RAND / U.S. DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

ZARUSD trade ideas

Dust still far from settled post SA electionsThe rand managed a strong recovery to a low of 18.02 in the lead up to the national elections. This move was largely due to the strong precious metal prices, particularly platinum, and the dollar which remained relatively range bound. The critical resistance levels to watch are the 200-day MA at 18.77 and the 61.8% Fibo retracement rate of 18.87 (very satisfying kiss off the blue neckline and the 61.8% Fibo). A failed break above these levels will allow the rand to recover some of its election losses towards the support rate at 18.55. Continued political uncertainty regarding the new coalition government will however see the pair break above 18.87 and hurtle towards the yearly high of 19.40. Over the slightly longer-term, a favorable political outcome following the coalition negotiations will attract foreign capital back into the local market which will allow the rand to pull the pair below 18.00 at the back of the year (best case scenario for the rand).
by Goose96
Usdzar Possible Short setup🤝we have a new trend forming with recent break of Structure to the downside. Price is coming from an unmitigated supply zone and caused change of character. We have 1 hour fvg. Entry take profit is the last low. The 2nd is the Swing Structure as i indicated This is a trade setup but also an educational post. I post these doe backtesting purposes. I wish to see how far I have come in the next 5 years. If the setup works and you took a trade, goodluck. If it doesn't, it's part od the game. ✔️ Let's see🕣👁️
Short
by ZIPHO67
4
USDZAR Short trading opportunity(swing-trading) 5I expect a swing of about 70cents+- all the way down to R17.50+- per dollar, expecting the ZAR to strengthen in the short term within a month or so to 17.50+-. If the USA Federal Reserve starts cutting interest rates or at least give solid indication it is about to soon then it could signal that the dollar might weaken a bit for the ZAR to strengthen against it as massive amounts of money moves around, the South Africa presidential elections although more chaotic this year still seems to put the ANC in favor, and generally in the short-term (or rather more than 50% of the times) the elections have had a positive effect on the ZAR in the short-term. My only risk here is that if the target is not reached I will have to move money overseas in a more unfavorable conversion ratio, so I am not risking money directly but rather in a way indirectly.
Short
by ricomister