USD/ZAR Down 105 Pips On Hourly Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated November 2, 2022 1:37 GMT)

At the time of this writing, USDZAR’s rate is down -105 pips (-0.06%) from the hour prior. The hourly chart shows that USDZAR has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

USDZAR End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 3 up days, USDZAR snaps its streak, falling 987 pips (-0.54%) over the past day to close at an exchange rate of 18.1916. Compared to its peers in the Forex, USDZAR gave its buyers a return that ranked 35th in terms of percentage change since the day prior. Below is a price chart of USDZAR.

USDZAR

USDZAR Technical Analysis

Notably, USDZAR is now close to its 20 day averages, located at 18.1462 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days USDZAR’s price has gone up 7 them.