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  1. USD/ZAR - long-term ranging for direction

    by , 12-20-2018 at 10:30 AM
    The pair is located inside Ichimoku cloud for the monthly price waiting for the direction of the direction of the bullish trend to be resumed or to the bearish market condition to be started.

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    • If the price breaks 15.69 resistance level to above so the long-term bulish market condition will be resumed for whole 2019.
    • If the price breaks 11.78 support level to below on close monthly bar so we can see the bearish condition to be started and continuing
    ...
  2. Rand Forex Forecasts: Prospect Of Credit Rating Downgrade Pushes ZAR Lower Against GBP, EUR, USD

    by , 06-08-2015 at 07:06 AM
    Rand Exchange Rate Trending at 11-Week Low vs GBP, USD and the EUR on Credit Rating Expectations.

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    Expectations that top ratings agency Fitch would downgrade South Africa’s credit rating placed the Rand exchange rate under heavy pressure on Friday, despite some analysts asserting that the institution is more likely to affirm the nation’s BBB sovereign credit rating and negative outlook.

    According to one industry expert; ‘While ...
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