Here is a video update of a previous trade set up I shared a few weeks back.
The South African Rand is bullish in the currency pair as interest rate differentials make buying this currency pair a very attractive trade for yield-seeking investors.
We look at entry price, take profit targets, and one-month volatility stop loss
In this video, we take a look at the sharp recovery in the South African Rand against the Japanese Yen.
We firstly look at why the Yen got stronger in this exchange rate at the beginning of 2020 when the Covid-19 pandemic cause stock markets to fall and safe-haven demand into Japanese Government Bonds to strengthen the Yen.
However, since stocks have staged a...
For the ZARJPY lovers here is a good Bullish Butterfly on the 4hr....though not many people might want to speculate on it...the spread is a bit high. But for those taking this one look for bullish evidence and use proper money management. Cheers