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
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