TAG: USD/ZAR
USD/ZAR Analysis: Solid Bearish Momentum as Positive Results Combine
The USD/ZAR broke below the 18.00000 level on Friday and was able to sustain its lower push, this morning’s trading has begun with additional bearishness.The South African Rand has produced a robust bearish trajectory via the USD/ZAR pairing.As of this wr...
1 month ago
USD/ZAR Analysis: Fresh Lows Touched as Challenges of Support Resumes
The USD/ZAR opened lower this morning with another surge and touched the 17.61400 vicinity briefly, this in the wake of a lower move seen on Friday before going into weekend.Traders who have been tempted to look for upside reversals in the USD/ZAR as it c...
1 month ago
USD/ZAR Monthly Forecast: September 2024
August has proven to be an optimistic month for the South African Rand.The USD/ZAR has been able to establish a correlation to the broad Forex market which has seen major currencies, including the Rand, gain against weaker USD centric sentiment.The curren...
1 month ago
USD/ZAR Analysis: Short-Term Reaction Higher After New Lows Explored
Friday’s trading in the USD/ZAR saw the currency pair explore fresh lows as the 17.60000 level was penetrated, but before going into the weekend a reversal higher was sparked.The USD/ZAR pair as of this writing is near the 17.84825 ratio with quick change...
1 month ago
USD/ZAR Analysis: Near-Term Volatility Should Be Expected by Traders
The USD/ZAR went into the weekend with a slight reversal higher, this after displaying the low for the week only a few hours before as financial institutions tested their sentiment.The USD/ZAR currency pair is trading near the 17.92900 level as of this wr...
1 month ago
USD/ZAR Forecast: Tests Key 18 Rand Level
The US dollar has rallied rather significantly against the South African Rand during the early hours on Monday to reach towards the 18 Rand level.All things being equal, this is a market that I think continues to see a lot of noisy behavior as we are boun...
1 month ago
USD/ZAR Analysis: Return to Important Support Levels for Speculators
The USD/ZAR has opened this morning’s trading continuing to press up against important support levels which have been tested near the 17.65000 vicinity the past month.The USD/ZAR was able to trade lower last week and as of this morning the currency pair i...
1 month ago