Posts tagged 'Rand'

USDZAR has been dominated by a broad downtrend since January 2016. At the extreme, the currency pair fell by more than 30%. But does last week's strong gains signal a lasting change in investor sentiment?This downtrend has been defined by the 21 week moving average although temporary bounces above that point for USDZAR in November, April... read more

A negative tone for USDZAR was established at the end of March (see Trend Table) with prices trading down through the 21 week moving average. This acted as confirmation of a bearish trigger already given by the RSI indicator crossing down through it's own average.Although spot prices bounced 5 weeks later in a profit taking move back... read more