Technical indicators suggest a sell on the 1min to 1hour so we might be going to R14.40-R14.50. Clear break of R14.80 would be the sign.
Why has the Rand not lost more value today
#1
Posted 09 May 2017 - 02:05 PM
#2
Posted 09 May 2017 - 01:54 PM
Crucial move for the Rand vs Euro. Short term high target of R15.50 and long term high of R19+ (IMO) should the R15 trendline break, short term low target of R14.50 should R14.85 break and long term low of R12. The latter scenario is highly unlikely in my opinion given the current RSA economy or lack thereof.
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#3
Posted 03 April 2017 - 10:56 PM
Welcome to a new world order....
Thought it is only one so far... there are still others waiting in line
#4 Guest_PlatinumWealth.co.za_*
#5
Posted 03 April 2017 - 10:02 AM
i love it when the rand loses value
The ultimate profit hunter
#6 Guest_PlatinumWealth.co.za_*
Posted 31 March 2017 - 06:03 PM
#7
Posted 31 March 2017 - 04:07 PM
I was also trying to figure this one out. But then again, the markets has had the week to factor this in. I don't think we have ever really recovered. From the Van Rooyen saga the rand has been getting grounded and pounded left right and centre. Since Van Rooyen there was Gupta and everytime Zuma opens his mouth.
I'm seeing this picture of the Rand in the corner, boxing gloves hanging over the ropes, beat up with eyes swollen shut shouting... Adriaaan.... Adriaaaan......
Rand : Rand vs Van Rooyen
Rand 2 : The rise of Gupta
Rand 3 : Golden Gordhan
I'm sure we can sell the movie rights to this.
#8
Posted 31 March 2017 - 03:14 PM
Also let us not forget that everyone is looking forward to the weekend, so chances are that the markets have not really digested the news yet.
The rand might drop further, which I hope does.
Edited by SLEEKONE, 31 March 2017 - 03:14 PM.
The ultimate profit hunter
#9
Posted 31 March 2017 - 03:00 PM
because unlike Van Rooyen, Melusi is a known politician
The ultimate profit hunter
#10
Posted 31 March 2017 - 02:21 PM
Morning
Just trying to make sence of what is going on
Would of though that after the cabinet shuffle, the Rand would of lost major value
Can someone explain