Get started

Zambia

USDZMW (Where do we go from here?)So I have been privately analyzing USDZMW since 2015 and this idea of the USDZMW was created in 2021 after the elections(SEE BLUE HIGHLIGHTED PERIOD from 09 Nov 20 to 16 Aug 2021). Make of it what you will but the 29.71 price range if achieved could spell uncertainty. We have been in an up trend for the majority of the time and the drop from 22 to 16 seemed to have been a consolidation area that was eventually broken out of and rejected for a powerful breakout that brought us to 26. Now we have experience a small consolidaiton and it breaks out and upward it will achieve our 29.71 target.
Long
by LordGareth
5
USDZMW USDZMW looking forward to continuation of the down trend after the market mitigated some of the imbalances on the highs. Markert made a bullish engulf candle signaling a good sell off probability which is currently being tested and mitigated. Currently the Zambian economy is facing a form of uncertainty as it has not yet successfully come to an agreement to restructure its debt with its official creditors. positive news towards such an agreement will strongly confirm my analysis apart from that low up and down volatility is to be expected.
Short
by samuel_songwe
3
My thoughts on USDZMWCurrently, the Zambian kwacha is facing several challenges that are impacting its value in the foreign exchange market. One of the main factors is the high inflation rate, which has been driven by a surge in food and fuel prices. In addition, the country's external debt has been on the rise, and this has led to a decline in investor confidence. These factors, combined with a slowdown in economic growth, have put pressure on the Kwacha's exchange rate. While it's difficult to predict the future movements of the currency, my technical view is that it could take another year before the Kwacha drops below K15 due to the technical factors at play.
by DalitsoTembo
1