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Strange Correlation Between USD and African RandThe correlation between the African Rand and USD ( FX:USDZAR ) is super strange. During both the 2008 and 2016 crisis, we saw the African Rand pump an average of about 50%. Coming into 2020 we see the rand up about 35% with an expected 15-20% move up inbound. Do not trade this, this is my personal take on this and well... I definitely wouldn't take a 19 year old serious if I were you. Drop a comment and share your thoughts! Thanks DotcomJack
Long
by DotcomJack
1
Dow Jones Index Technical AnalysisLet me start off by saying I hope each and everyone of you are safe and healthy. Some of the craziest s*** has happened within the last few weeks including oil futures going negative -44 per barrel. While everyone is distracted with the FED throwing in fridge after sink and the economy halting, a lot of people seem to have forgot about earnings. Knowing earnings was just around the corner after this insane dump, any experienced trader would have know prior to earnings that volatility and typical speculation would pick up. That being said, all this has resulted in a pretty massive rebound (DJI 29%) (SPY 26%). These next few days are extremely important, whether you are planning on building a long-term chair or play some options. All I have to say is take advantage of the opportunity presented and money will come eventually. I'd love to hear what you guys have to say! Share your charts, thoughts, and feedback below. DotcomJack | DO NOT TRADE THIS
TVC:DJIShort
by DotcomJack
1