Time for the short term bounce.
Some interesting events to be watchful of on the USDZAR.
Apart from political instability, this looks great to go short.
Potential short of the Rand, wait for bounce back as it might still go further up before a down turn.
I have been looking at this trend and here is my take on what the Rand will most likely do in the next couple of days.
Things seem to be turning around yet again on the USDZAR.
This is what I think on BITCOIN, it is on it's way to being between $3700 and $4000.
The Rand against the dollar is at it again. Could it be what I am thinking. I had though at first, that between R13.28 and R13.38 it was going to bounce back before breaking the support line. Booom, that it's journeying towards the R14 zone. If it continues this way, which I foresee it would over the next few weeks, then the target on the buy against the...
USDZAR has been on a very interesting trend since the 11th of January 2016 to Date (19 June 2018). Seems to be breaking the resistance line now, but let's see how far it gets.
Think the DOLLAR is been quite strong against the Yen and think that it will break out the resistance on the trendline this time.