{"id":318,"date":"2011-08-18T02:04:47","date_gmt":"2011-08-18T06:04:47","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=318"},"modified":"2011-08-18T02:04:47","modified_gmt":"2011-08-18T06:04:47","slug":"rand-weakens","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/18\/rand-weakens\/","title":{"rendered":"Rand weakens"},"content":{"rendered":"

The US Dollar strengthened against the South African Rand, testing resistance at R7.35 before retreating to support at R7.00. Respect of support would indicate another test of R7.35. In the long term, breakout above R7.35 would signal an advance to the 2010 high of R8.00.<\/p>\n

\"South<\/p>\n

* Target calculation: 7.35 + ( 7.35 – 6.50 ) = 8.20<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The US Dollar strengthened against the South African Rand, testing resistance at R7.35 before retreating to support at R7.00. Respect of support would indicate another test of R7.35. In the long term, breakout above R7.35 would signal an advance to the 2010 high of R8.00. * Target calculation: 7.35 + ( 7.35 – 6.50 ) … <\/p>\n

Continue reading “Rand weakens”<\/span><\/a><\/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":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-africa-south-america"],"yoast_head":"\nRand 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=\"Rand weakens - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The US Dollar strengthened against the South African Rand, testing resistance at R7.35 before retreating to support at R7.00. Respect of support would indicate another test of R7.35. 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Long term, the Rand is expected to hold above support at R6.50 and breakout above R7.35 would signal a primary up-trend. * Target calculation: 7.25 + ( 7.25 - 6.50 ) = 8.00","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":1068,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/29\/south-african-rand-weakness-continues\/","url_meta":{"origin":318,"position":1},"title":"South African Rand: weakness continues","author":"ColinTwiggs","date":"September 29, 2011","format":false,"excerpt":"The greenback found support at its secondary rising trendline, with a long tail at R7.70\/dollar indicating buying pressure. Respect of the secondary trendline would indicate an advance to $9.00*, while failure would test the primary trendline at R7.35. * Target calculation: 8.40 + ( 8.40 - 7.80 ) = 9.00","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":318,"position":2},"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":1172,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/rand-triangle\/","url_meta":{"origin":318,"position":3},"title":"Rand triangle","author":"ColinTwiggs","date":"October 6, 2011","format":false,"excerpt":"Apologies. 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":1951,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/17\/brazilian-real-and-south-african-rand\/","url_meta":{"origin":318,"position":4},"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":4214,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/26\/forex-aussie-dollar-and-south-african-rand\/","url_meta":{"origin":318,"position":5},"title":"Forex: Aussie Dollar and South African Rand","author":"Colin Twiggs","date":"April 26, 2012","format":false,"excerpt":"The Aussie Dollar encountered support at $1.03, evidenced by several long tails on the daily chart. Recovery above $1.045 would confirm that the correction has ended and would signal another advance to $1.08. Respect of zero by 63-day Twiggs Momentum would confirm the advance. 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