The ZAR Exchange Rate Thread

Status
Not open for further replies.
The rally on Friday went staight to the monthly pivot. This morning hit 38% of pivot resistance. There's a heck of a lot of resistance for the Rand to go weaker than 17.35.

Theres plenty of upward momentum, but I expect we should be around R16.50 by the end of August

A confident break of 17.35 means I'm buying all the way to 18.00 baby, so there's that

On the other hand, stability below 17.18 and I'll short to 16.92 (weekly pivot centre)
rd.PNG
 
agentrfr said:
The rally on Friday went staight to the monthly pivot. This morning hit 38% of pivot resistance. There's a heck of a lot of resistance for the Rand to go weaker than 17.35.

Theres plenty of upward momentum, but I expect we should be around R16.50 by the end of August

A confident break of 17.35 means I'm buying all the way to 18.00 baby, so there's that

On the other hand, stability below 17.18 and I'll short to 16.92 (weekly pivot centre)
View attachment 886070
Click to expand...
Sheesh, it's crypt all over again. :p
 
agentrfr said:
The rally on Friday went staight to the monthly pivot. This morning hit 38% of pivot resistance. There's a heck of a lot of resistance for the Rand to go weaker than 17.35.

Theres plenty of upward momentum, but I expect we should be around R16.50 by the end of August

A confident break of 17.35 means I'm buying all the way to 18.00 baby, so there's that

On the other hand, stability below 17.18 and I'll short to 16.92 (weekly pivot centre)
View attachment 886070
Click to expand...

So it's broken through 17.35. let's now wait...
 
I've closed most of my buys and hedged them with a sell for now. It had real issue breaking through 17.77 yesterday and today

I think we are still on track for 16.50 by end of this month

This weeks pivot is 17.42. A confident break under than and I'm in sell mode again :)
 
Boing. Bounced off the Pivot last night to a 100th of a US cent. Headed back that way now, but we have cloud support, weekly pivot and a trendline from the 4 Hour chart all at the exact same place

We should know by about 3PM today

zar.PNG
 
cr@zydude said:
What are people's dollar buy targets? It's R16.50 for me.
Click to expand...
I wanted to take out a couple hundred k when it blew through 17. Transaction went through this morning at a fairly decent rate. Will sit tight until 16.5 to move some more. Will see what the market does towards the end of the year before I decide what I'm doing.
 
agentrfr said:
Very difficult to say, but if things hold the patterns they are, I would guess around 16.15 or so. I wouldnt bet much money on that though
Click to expand...

GDP results will surely have some sort of effect once the market knows?
 
johnjm said:
GDP results will surely have some sort of effect once the market knows?
Click to expand...
That's already been priced into the exchange since March. Infact, I'm expecting that if GDP comes out at anthing better than -40% yoy then we will see an increase to the strength of the Rand
 
agentrfr said:
That's already been priced into the exchange since March. Infact, I'm expecting that if GDP comes out at anthing better than -40% yoy then we will see an increase to the strength of the Rand
Click to expand...

It’s anyone guess what GDP will be. Personally I’m wagering it is pretty worse than what people are expecting.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X