USD - ZAR trade anomally

aalwees

aalwees

Well-Known Member
Joined
Jun 15, 2008
Messages
157
Reaction score
24
1589193315623.png
Could someone who knows something about currency trade tell me what the hell this strange anomaly is. I've never seen anything like this before. It looks like big trades done in a way that responds to the reaction. Could it be a sell-off until it reaches a price threshold > wait for recovery > sell again > repeat? Or the other way around in a massive buy?
 
This is normally over the weekend with little to no trading.

I know most (all) markets (excl. Bitcoin etc.) are closed between 23h00 Friday evening to 23h00 Sunday evening.
 
That explanation doesn't quite satisfy me. I have noticed that the weekends pretty much flatline but this seems different in its detail. Take a closer look at previous weekends and you'll see they are quiet, pretty much hold the line. This has a strong, regular harmonic up and down to the same level at two different stages. Why the harmonic?
 
Last edited:
Could it be that the graph might now be given a higher resolution so one sees weekend activity detail one doesn't normally see?
 
Weekends and public holidays have thin trading leading to oddities. I have found that GBP ZAR is even stranger than USD ZAR during holidays.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X