The pullback in the USDZAR has been stronger than anticipated. As such, short-term key support may potentially be at the confluence of factors including the S2 pivot level, price resistance (green...
Phew, what a week! There is certainly a reason that the USD/ZAR has got the nametag of the world's most volatile currency - with swings high and low making it a nightmare for most who deal in foreign...
The left chart shows daily price action. - The USDZAR is in a mark-up phase. - This phase is typically defined by a bullish EMA formation. - The green 5-day EMA > the orange 13-day EMA > the...
Imagine Wile E. Coyote chasing Road Runner, desperately running off a cliff to catch up with his nemesis, hanging in the air for a second, and then plummeting to the bottom of the canyon. Those few...
This week we take a snapshot look at GBPUSD, USDCHF, NZDUSD and USDZAR. GBPUSD Cable broke dynamic support a couple of weeks ago and continues to look very weak. The bull’s failure to hold the...
The USDZAR has found support at the black 34-day EMA. The RSI(9) has moved back above 50, indicating that the underlying momentum has turned bullish (blue rectangle). As long as the RSI stays above...
Wow, what a week! There is certainly a reason that the Rand has got the nametag of the world's most volatile currency - with swings high and low making it a nightmare for most who deal in foreign...
Higher US rates and strong dollar catalyst for losses Argentine peso and Russian ruble face heaviest rout Turkish lira follows closely behind Emerging market currencies have fallen sharply against...
GBP/USD’s EMAs are in bearish formation. Its green 5-day EMA is below its orange 13-day EMA, and its orange 13-day EMA is below its black 34-day EMA. The RSI(9) is under 20 and is oversold...
Another volatile week. Another rough one for the Rand particularly versus the Dollar, although it managed to claw back some lost ground before the week closed. As we headed into the week, many had...
EURUSD Last week saw the 1.2070 level fail to hold EURUSD, with price managing to dip into the 1.1900 zone before slowing. While price remains under 1.2070, I favour the short side – with...
The USD has crossed above it black 30-week EMA. Importantly, the 30-week EMA has turned up (green arrow). This is usually a signal that a mark-up phase has commenced. This, after a fairly protracted...
The dollar is falling, after its longest and strongest rally since September, from a low of 89.23 to a high of 92.83, or a 4 percent rise, within three weeks. Most opinions cite a fundamental cause...
The USDZAR came into 2018 in a mark-down phase (red shaded area). The pair then moved into a sideways accumulation pattern (blue rectangle). Recently, it has moved into a mark-up phase (green shaded...
The unthinkable happened, as a battered and bruised ZAR managed to dragged itself over the line to end off a rather disastrous week... We had given a hint in last week's Rand Review that the Rand's...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. End-of-week profit taking prevented the U.S. dollar from extending its gains on Friday despite stronger-than-expected...
