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Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum

Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum

Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum
Yazar: Ross Sutton

Yayınlanma: 20 Ekim 2022 20:06

Güncellenme: 13 Kasım 2024 19:49

Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum

    Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum   The price of USD/ZAR (South African Rand) continued to rise even after relatively strong consumer inflation data.  

Bull Market Outlook

 
  • Buy USD/ZAR and make a profit at 19,00.
  • Add a stop-loss at 18,10.
  • Timetable: 2 days.
 

Forex Signal For USD/ZAR: South African Rand Collapse Gains Momentum

 

Bear Market Outlook

 
  • Take a sell stop at 18,19 and a profit at 17,50.
  • Add a stop-loss at 18,70.
  The USD/ZAR price has been on a strong uptrend this year, while the US dollar index continues to rise in a very hawkish Federal Reserve environment. The pair is up more than 25% in the last 12 months, climbing to 18,56, the highest level since 2020. The South African rand fell more than 57% from its February 2018 low.   usdzar_20102022_cryspus  

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