US Dollar / South African Rand

The dollar against the rand, sensitive to commodity prices and emerging-market risk appetite.

16.2724+0.12%

Price · last 3 months

Live · ECB

Market trend

Bullish

52/100 confidence

US Dollar / South African Rand is marginally bullish on this timeframe.

Confidence measures how much the indicators agree with each other. It is not a probability that a trade will be profitable.

Signals behind this

Price vs long-term averageneutral
EMA 20 vs EMA 50bearish
MACD momentumbullish
RSI (14)bullish
Bollinger positionbullish
Market structurebullish

Key levels

16.8501+3.55%

Price16.2724

15.9160-2.19%

8.7%annualised · normal

Volatility is around its normal level for this market — no particular warning signal from the range itself.

How this developed

Major moves, trend changes, level breaks and news for this window, newest first.

Jumped 0.56% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.6× its typical daily range (0.35%).
5d ago
Jumped 0.67% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.35%).
9d ago
Dropped 0.44% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.37%).
15d ago
Jumped 0.72% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.38%).
19d ago
Jumped 0.44% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.37%).
23d ago
Dropped 0.45% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.37%).
24d ago
Dropped 1.05% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 2.6× its typical daily range (0.40%).
29d ago
Dropped 0.43% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.35%).
Aug 20
Medium-term trend turned bearish
Trend change
The 20-period average crossed below the 50-period average — the same signal behind this page's trend verdict.
Aug 11
Dropped 0.57% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.49%).
Aug 5
Dropped 0.63% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.3× its typical daily range (0.50%).
Aug 3
Dropped 1.00% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.52%).
Jul 30
Dropped 0.65% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.52%).
Jul 27
Jumped 2.50% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 4.8× its typical daily range (0.52%).
Jul 24
Jumped 0.84% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.43%).
Jul 17
Jumped 0.60% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (0.42%).
Jul 14
Jumped 0.89% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.46%).
Jul 8
Dropped 1.00% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 2.1× its typical daily range (0.48%).
Jul 3
Dropped 0.61% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.3× its typical daily range (0.48%).
Jun 26
Jumped 0.79% in one bar
Price move
A genuinely large move for this market, not just a large-looking percentage — it moved 1.6× its typical daily range (0.49%).
Jun 24

Showing the 20 most recent of 26 events in this window.

Summary

Writing

Technical indicators

Computed from 90 bars over the last 3 months.

16.1671 / 16.2205

bearish

The 20-period average has crossed below the 50-period average — sellers have had the upper hand and rallies have been sold into.

58.1

bullish

At 58 momentum is in the normal band — neither stretched nor exhausted, so RSI is not arguing for a reversal in either direction.

0.01038

bullish

MACD is above its signal line, so short-term momentum is running ahead of the medium-term trend. Momentum is currently working for buyers.

Not published

neutral

The data source for US Dollar / South African Rand publishes prices but not traded volume, so there is no participation figure to read. That is a gap in the data, not a quiet market — treat any conclusion that would depend on volume as unsupported here.

0.0457 (0.28%)

neutral

The market has been moving about 0.0457 per bar, or 0.28% of price. This is the number position sizing and stop placement should be built around — a stop tighter than this will be hit by ordinary noise.

Two ways this could go

Both paths are shown with equal weight. Neither is a prediction.

Potential bullish scenario

Trigger: A daily close above 16.8501 on above-average volume
If it fires: 17.1871 as the next area where sellers have previously stepped in
Invalidation: A move back below 15.9160 would void this idea

If buyers can absorb the supply sitting at 16.8501 and hold above it into a close, the path of least resistance opens toward 17.1871. The broader trend already supports this, so it would be continuation rather than a reversal. Given the market is moving roughly 0.0457 per bar, allow at least that much room before treating a wick through the level as a real breakout.

Potential bearish scenario

Trigger: Losing 15.9160 and failing to reclaim it
If it fires: 15.5977, the next level where buyers previously defended
Invalidation: Reclaiming 16.8501 would void this idea

If 15.9160 gives way and the market cannot recover it quickly, the next obvious area of interest is 15.5977. This runs against the prevailing trend, so it would most likely need a catalyst rather than developing on its own. With volatility contained, expect the move to develop over several bars rather than in one impulse.

Trading risks

This analysis reads price history. It cannot anticipate news, and markets reprice on news faster than any indicator updates.
Central bank speakers can reprice the whole curve in seconds, and FX gaps over weekends.
Leverage is typically highest in FX, so ordinary moves produce outsized account impact.

Key events to watch

Central bank rate decisions and the accompanying statement language
Monthly inflation (CPI) and employment releases for both currencies in the pair
Scheduled speeches from voting policy committee members

What actually drives US Dollar / South African Rand: gold and platinum prices, South African Reserve Bank policy, emerging-market risk appetite.

This analysis is educational and should not be considered financial advice. It is generated from historical price data and can be wrong. Markets reprice on news faster than any indicator updates. Never risk money you cannot afford to lose.

Generated Sep 18, 10:45 PM · European Central Bank reference rates, published once per business day.