for a South African citizen, global assets are essential given the fact that the South African market only constitutes around 1% of the global market whilst the South African economy constitutes 0.4% of the global economy. Simply put, South African need exposure to assets which are susceptible to short term movements in the Rand. The chart shows the ZAR/USD...
Rand might suffer for the next coming months, be on the look out for it as the president is going to put measures in place to control covid cases, this might affect the rand negatively long term hence the US economy is recovering slowly but surely.
The Financial Post had the following to say to try to explain the fresh strength in the South African rand (USD/ZAR): "With the local economy remaining weak and facing power cuts, the rand’s recent rally has been mainly on the back of global factors, including higher commodity prices which benefit resource-rich South Africa and expectations U.S. lending rates...
USDZAR LIFETIME Opportunity Buying Zone - USD RAND WEEKLY ANALYSIS ( BUY AND HOLD FOR AN YEAR )
The strength in the rand is partly due to the high demand in commodities of which South Africa is a large exporter. It is also partly due to the fact that South African government bonds are offering high real yields compared to that of its peers. These factors feed the demand for the rand and thus resulting i a stronger currency. There is also the case of a...
strategy buy and hold this index goes into my emerging market portfolio including: Russia Poland India Indonesia Mexico Russia South Africa Brasil
In other words, they expect a stronger dollar narrative to prevail. The firm is downgrading their view on emerging market (EM) FX for the second time in two weeks, expecting another 4-5% drop given the current market landscape. The MSCI EM currency index fell by 0.7% at the lows today and was poised for its biggest daily drop since March last year, only to...
USDZAR Opportunity Coming - Entering into buying zone - USD RAND
USDZAR touched the 200MA on H4 and provided support, there's a possible chance that the 100MA could be broken. I've placed a buy stop market noise above the 100MA.
Midterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the...
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
USDZAR Opportunity Coming - Entering into buying zone - USD vs South African RAND
We will take trades when the 45HR candlestick breaks out in either way. Buy or Sell at highlighted prices . BUY TP:12760.0 SELL TP:12476.0 Please LIKE, COMMENT AND FOLLOW FOR MORE CONTENT.#6ixpips
Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/ZAR bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no...
Mid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (16.545). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDZAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as...