dougharrisza

dougharrisza

Double Tap - two trend line confirmation. Could this be a turning point for a stronger South African Rand over the next few months

dougharrisza

Clear divergence between USD (DXY) and Gold$ for most of 2022. Perhaps a weaker Dollar will lead to a stronger Gold price. We are certainly in the window for seasonal gold purchases and US interest rates have been raised agressively perhaps a pause in rate rises is now due

dougharrisza

While markets look murky at best in terms of forecasting. Here is an interesting idea for us soothsayers

dougharrisza

A simple Elliott Chart suggests a GBPZAR exchange rate of somewhere around R15 to the Pound in the coming months. I would suggest this would be a case of Pound weakness rather than Rand strength. Lets wait and see