I know I know.
No way, will we ever see the rand at R17.00 let alone R16.80.
But the charts say it's possible. I doubt it will be allowed with such inflationary issues. However, with an unstable US presidency and an uncertain world with the US Dollar it actually has some semblance of possibility.
HEre are some other reasons for upside for the ZAR:
1. High Interest Rates Attracting Investors
If global central banks start cutting rates while South Africa keeps them high, investors looking for better returns could pile into the Rand.
2. Stronger Commodity Prices Boosting Exports
Higher gold, platinum, and coal prices mean more foreign money flowing into South Africa, which naturally strengthens the Rand.
3. Government Pushing for Economic Reforms
If the government sticks to promised reforms—like fixing Eskom and reducing debt—investors might regain confidence in the economy.
4. Lower Inflation Stabilizing the Economy
If inflation cools down, it gives the Reserve Bank more room to maneuver and keeps the Rand from getting battered by price instability.
5. A Weaker U.S. Dollar Playing Its Part
If the U.S. Federal Reserve starts cutting rates, the dollar could lose steam, making the Rand look relatively stronger.
TECHNICALS:
Price <20 and the MAJOR 200MA
Price below Inv Cup and Handle
Target R16.80
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
No way, will we ever see the rand at R17.00 let alone R16.80.
But the charts say it's possible. I doubt it will be allowed with such inflationary issues. However, with an unstable US presidency and an uncertain world with the US Dollar it actually has some semblance of possibility.
HEre are some other reasons for upside for the ZAR:
1. High Interest Rates Attracting Investors
If global central banks start cutting rates while South Africa keeps them high, investors looking for better returns could pile into the Rand.
2. Stronger Commodity Prices Boosting Exports
Higher gold, platinum, and coal prices mean more foreign money flowing into South Africa, which naturally strengthens the Rand.
3. Government Pushing for Economic Reforms
If the government sticks to promised reforms—like fixing Eskom and reducing debt—investors might regain confidence in the economy.
4. Lower Inflation Stabilizing the Economy
If inflation cools down, it gives the Reserve Bank more room to maneuver and keeps the Rand from getting battered by price instability.
5. A Weaker U.S. Dollar Playing Its Part
If the U.S. Federal Reserve starts cutting rates, the dollar could lose steam, making the Rand look relatively stronger.
TECHNICALS:
Price <20 and the MAJOR 200MA
Price below Inv Cup and Handle
Target R16.80
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.