SOUTH AFRICAN RAND FUTURES WEEKLY ANALYSISHello everyone
the weekly chart for this market shows the downtrend in the next week. but to be sure of the successful seller entry it is better to wait for the break in level 0.056114
also we must be vigilant of the change in the direction of the market
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of South African Rand Futures is 0.054275 USD — it has risen 0.70% in the past 24 hours. Watch South African Rand Futures price in more detail on the chart.
The volume of South African Rand Futures is 5.25 K. Track more important stats on the South African Rand Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For South African Rand Futures this number is 30.24 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for South African Rand Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for South African Rand Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of South African Rand Futures technicals for a more comprehensive analysis.