Due to current events taking place in south Africa recently. Such as the arrest of Jacob Zuma, riots, looting and other violence. The rand is expected to loose value over the next few weeks until the former presidents trail is complete. The ZAR has had a lovely run for past few weeks and regained its strength against the dollar, but if events continue with the way they are going the ZAR will probably depreciate against the dollar.
DISCLAIMER: I am no professional, this is my own opinion, based on simple fundamentals and my Ichimoku analysis.
all that's left is for the lagging span to touch the upper cloud and i expect major reversal to the top to compete the monthly channel.
DISCLAIMER: I am no professional, this is my own opinion, based on simple fundamentals and my Ichimoku analysis.
all that's left is for the lagging span to touch the upper cloud and i expect major reversal to the top to compete the monthly channel.