Browsing: trading of the South African rand (ZAR)

• USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the changing performance of the pair over time.
• Traders in the country pay close attention to the pair’s performance and seek to take advantage of major short-term and long-term price fluctuations.
• For this reason, the use of technical indicators, and often a combination of a few indicators, can help traders more accurately gauge the direction of the price of the pair.

Forex trading has long been a popular method of accumulating and safeguarding wealth in South Africa. However, the underlying economic issues of the economy have adversely affected the performance of its currency, the South African rand (ZAR).

The USD/ZAR pair is one of the most closely followed forex pairs in the country and FX traders will be wondering how to take advantage of the …