USD/ZAR
USD/ZAR market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Economic calendar
USD/ZAR details
USD/ZAR represents the exchange rate of US dollars to South African rands. It tells traders how many rands are needed to buy a single US dollar.
Some of the largest influences on the currency pair are the prices of platinum, chromium, iron ore, diamonds and gold, due to South African’s position as a net exporter – which is why the rand is considered a commodity currency.
Other influences on the USD/ZAR exchange rate include China’s infrastructure development, which imports a lot of metals from South Africa, and European currencies like the euro and pound – as both currencies impact the US dollar.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | 0.0 |
| Short | 0.0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 100 Points |
Spreads
| Spreads from | 0.00667 Points |
Margins
| 0 - 1,000,000 | 5.0 % |
| 1,000,000 - 5,000,000 | 10.0 % |
| 5,000,000 - 10,000,000 | 15.0 % |
| 10,000,000 - 20,000,000 | 20.0 % |
| 20,000,000 + | 40.0 % |
Dealing
| Spreads from | 0.00667 Points |
Margins
| 0 - 1,000,000 | 5.0 % |
| 1,000,000 - 5,000,000 | 10.0 % |
| 5,000,000 - 10,000,000 | 15.0 % |
| 10,000,000 - 20,000,000 | 20.0 % |
| 20,000,000 + | 40.0 % |
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