Sunday, March 4, 2018

My technical analysis of the USD vs the South African Rand shows a potential 50% gain of the dollar in the near future

https://d3fy651gv2fhd3.cloudfront.net/embed/?s=usdzar&v=201803040000v&forecast=2&d1=20080101&d2=20181231&h=300&w=600

The Rand looks like it's way overbought vs the dollar based on a 10 year chart of it's moving average. My thesis is that in the next 1-5 years USDZAR will retest 18 again. So we're looking at a potential gain of 50% on this medium term investment. Thoughts?



Submitted March 04, 2018 at 01:52PM by vornash4 http://ift.tt/2oJAQc4

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