Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
South African Rand: Can gains against US Dollar hold? – Societe Generale
USD/ZAR faces a key test as it retreats towards 16.37 after rebounding above the 200-DMA and touching an interim high near 16.75, according to Societe Generale’s analysis. With two attempts to reclaim the moving average having failed earlier this year, the bank emphasises that the pair needs to stay above it. A break below 16.37 would leave downside risks towards 16.27 and 16.15, it notes.
Can the rebound hold above the crucial 200-DMA?
"USD/ZAR extended its rebound after reclaiming the 200-DMA, reaching an interim high near 16.75."
"A pullback is now taking shape, with the pair retracing towards the 200-DMA at 16.37. It will be important to observe whether USD/ZAR can maintain above this moving average."
"The previous two attempts to reclaim the 200-DMA failed earlier this year, underscoring its significance."
"If a break below 16.37 materializes, the pair may drift towards next supports at projections of 16.27 and 16.15."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
POPULAR ARTICLES
1Credit crisis fears grow as France’s 10-year bond yield rises above 5%2Euro: How are France risks and ECB expectations keeping EUR/USD steady? – Commerzbank3New Zealand Dollar: With CPI Close to Forecast, RBNZ Rate Hike Expected – ING4Silver price today: FXStreet data shows a decline5British Pound: Does Surging Inflation Support a November BoE Hike? – BBH6GBP/USD Price Forecast: Is a fresh upward move unfolding above 1.3410?7South African Rand: Can gains against US Dollar hold? – Societe Generale8Pi Network Price Forecast: Can PI sustain its defence of key support as selling pressure eases?9Russian Deputy PM Novak: Diesel Exports May Be Fully Restored by Year-End
LIVE QUOTES
ALL ABOUT FOREX
Margin Call Meaning: What It Is, What Triggers It, and How to Avoid One
What Is an Islamic Account in Forex?
Best Indicators for Forex Trading and How to Use Them
The Top 10 Most Traded Currency Pairs in the World
What are the Major Forex Pairs? 7 Major Currency Pairs in the World
5 Best Forex Trading Apps In India In 2026
Top 15 Weakest Currencies in the World
Best Time to Trade Forex
Forex Trading Regulations in India
Get Started!
Sign up and access the Global Markets in less than 3 minutes
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved