Kwanza Forecast for the next 6 monthsHi everyone this is my local currency Technical analyzes and graph prediction i could work out based on past trends for a future prediction.
If you look at the kwanza just based 2022 and 2023 we can all see that it is consolidating now and my prediction for the next 6 months is that in January 2024 we gonna see another peak with 1$ being worth about 1067 kzs and 100$ being worth 1Million and 67 thousand kwanzas.
I hope I am wrong but if there is something I learned with Murphy law is that if anything can go wrong, it will, specially when you factor out the fact that Angola depends only on the oil exports which are looking good now with 1bbl worth about 86$. But not being able to diversify and the fact that the country might get into the US Blacklist someday in 2023 tells you the perspective I have and I point now to the imminent failure of the currency.
I would like to invite you to have a look at my graphs and humble opinion. Share your ideas with me.
