Trading USD/ZAR

Trade FX: USD/ZAR with Unum Capital.

To get started, e-mail lester@unum.co.za

The 7-day trend shows neutrality, while the 14-day trend indicates a rangebound movement. For the medium term (2 to 4 weeks), the currency pair lacks a clear directional bias. Looking further out, the long-term (5 to 8 weeks) trend suggests weakness within a consolidation phase. Therefore, a trading strategy should consider the lack of short-term information and the overall long-term weakness, while acknowledging the rangebound and directionless nature of the shorter timeframes.

Lester Davids

Analyst: Unum Capital