{"id":2346,"date":"2011-11-24T03:53:24","date_gmt":"2011-11-24T08:53:24","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=2346"},"modified":"2011-11-24T03:53:24","modified_gmt":"2011-11-24T08:53:24","slug":"south-african-rand-weakens","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/","title":{"rendered":"South African rand weakens"},"content":{"rendered":"

The US dollar broke out above its descending triangle, indicating another advance, with a (conservative) medium-term target of 8.80*.<\/p>\n

\"USDZAR\"<\/p>\n

* Target calculation: 8.10 + ( 8.40 – 7.70 ) = 8.80<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The US dollar broke out above its descending triangle, indicating another advance, with a (conservative) medium-term target of 8.80*. * Target calculation: 8.10 + ( 8.40 – 7.70 ) = 8.80<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[38],"tags":[1009,2849,3576],"class_list":["post-2346","post","type-post","status-publish","format-standard","hentry","category-africa-south-america","tag-descending-triangle","tag-rand","tag-usdzar"],"yoast_head":"\nSouth African rand weakens - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African rand weakens - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The US dollar broke out above its descending triangle, indicating another advance, with a (conservative) medium-term target of 8.80*. * Target calculation: 8.10 + ( 8.40 – 7.70 ) = 8.80\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-24T08:53:24+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2011\/2011-11-23-zar.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"South African rand weakens\",\"datePublished\":\"2011-11-24T08:53:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/\"},\"wordCount\":25,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2011\/2011-11-23-zar.png\",\"keywords\":[\"descending triangle\",\"Rand\",\"USDZAR\"],\"articleSection\":[\"Africa & South America\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/south-african-rand-weakens\/\",\"name\":\"South African rand weakens - 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I messed up the links at the bottom of the Trading Diary newsletter. For the correct link click here. Correct links are also available on the Trading Diary web page and under Recent Posts in the right margin of this page. The US Dollar looks like it is forming\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3454,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/09\/forex-euro-weak-while-aussie-dollar-strengthens\/","url_meta":{"origin":2346,"position":1},"title":"Forex: Euro weak while Aussie strengthens","author":"ColinTwiggs","date":"February 9, 2012","format":false,"excerpt":"The euro is testing resistance around $1.32 but the primary down-trend is strong. With 63-day Twiggs Momentum deep below zero, expect another test of primary support at $1.26. Breakout remains likely and would offer a target of $1.20*. * Target calculation: 1.26 - ( 1.32 - 1.26 ) = 1.20\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1951,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/17\/brazilian-real-and-south-african-rand\/","url_meta":{"origin":2346,"position":2},"title":"Brazilian Real and South African Rand","author":"ColinTwiggs","date":"November 17, 2011","format":false,"excerpt":"The Brazilian Real has fallen sharply against the greenback since the government took measures to stem the inflow of funds on capital account. Breach of medium-term support at $0.56 would indicate respect of the descending trendline and another test of primary support at $0.52. In the long-term, failure of primary\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":462,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/25\/rand-weakens-2\/","url_meta":{"origin":2346,"position":3},"title":"Rand weakens","author":"ColinTwiggs","date":"August 25, 2011","format":false,"excerpt":"A three-year chart shows strong support for the US dollar at R6.50. Earlier breach of the descending trendline and rising 63-day Twiggs Momentum both warn that the Rand is likely to weaken. Now we have a break above resistance at R7.00 testing the 2011 high of R7.35. Breakout would signal\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":185,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/11\/euro-descending-triangle\/","url_meta":{"origin":2346,"position":4},"title":"Euro descending triangle","author":"ColinTwiggs","date":"August 11, 2011","format":false,"excerpt":"The Euro continues in a bearish descending triangle against the dollar. Breakout below $1.40 would signal a decline to test support at $1.30*. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3918,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/forex-aussie-dollar-loonie-and-rand\/","url_meta":{"origin":2346,"position":5},"title":"Forex: Aussie, Loonie, Rand","author":"Colin Twiggs","date":"March 22, 2012","format":false,"excerpt":"Canada's Loonie, buoyed by rising oil prices, is testing resistance at $1.01\/$1.015. 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