Oversold bounce
Indexes appear to be topping out and the South african Rand is a hedge against it. A bull position or call option on the Rand can be good hedge as we have a double bottom appearing to be formed and we see the 4hr RSI showing a bounce
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.