FX:USDZAR   U.S. Dollar / South African Rand

After Moody downgrade whole world expected for ZAR to weaken against USD but exactly opposite happens. Rand is currently 1% stronger vs Majors.

This is great lesson that one should always expect unexpected in the markets.

Pair star making small flat bottom triangle inside big flat top triangle. All in all market is currently sideways, trading at the same levels from September 2018.

If you trend follower you can leave in on the side for time been.

Trade well!


I agree with you,I also expected the ZAR to tumble and fumble but it did not. Humbling for me.
+1 Reply
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