Rocky Road for the Rand?

Published on
February 20th, 2019
Topic
Technical Analysis, Trading, FX
Duration
8 minutes
Asset class
Currencies

Rocky Road for the Rand?

Trade Ideas ·
Featuring Joe Perry

Published on: February 20th, 2019 • Duration: 8 minutes • Asset Class: Currencies • Topic: Technical Analysis, Trading, FX

Joe Perry, CMT, of ForexAnalytix sees an opportunity to profit from the technical setup in the South African Rand. He analyzes the charts, notes key levels to watch out for, and illustrates how to make the trade, in this interview with Jake Merl. Filmed on February 19, 2019.

Comments

  • SC
    Sejong C.
    27 February 2019 @ 04:49
    Is this Mr. Merl's debut as an interviewer? Liked how he did not warn us about this being a trade idea, and not investment advice. That just makes the videos needlessly longer.
  • MH
    Martin H.
    21 February 2019 @ 06:54
    South Africa has high beta to emerging markets
  • SM
    S M.
    20 February 2019 @ 20:13
    On short term, with USD pulling pack and Gold is roaring. To me most likely ZAR might pulls back to lower end of the descending wedge around 13 level.
  • SS
    Shanthi S.
    20 February 2019 @ 20:05
    Does this mean he thinks gold is going down?
  • KC
    Kenneth C.
    20 February 2019 @ 19:59
    Good Job Jake.
  • KG
    Kumeran G.
    20 February 2019 @ 18:12
    Alternate view, techs, been trading below its uptrend line and series of lower highs and lower lows since the peak....risk on being bearish is fundamental and sentiment overlay priced in, inflation and growth concerns maybe one of the better em yield plays given real yield pick up....
  • DR
    David R.
    20 February 2019 @ 14:30
    Full respect to Joe, and agree that (everthing) SA continues bearish (SA is a terrible story), but to short this against the weak dollar is a missed opportunity IMO as USD also has among the most negative outlooks of any FX too. Pick any number of stronger currencies for the long side of this trade, some of which in EM pay many times more yield than the weak dollar and currently have better techs & fundies. Good luck.
  • DF
    Daniel F.
    20 February 2019 @ 12:29
    Pretty expensive trade as far as financing costs are concerned
  • GO
    Greg O.
    20 February 2019 @ 11:33
    Jake, that’s way too „informal” for TV standards.

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