{"id":17671,"date":"2011-01-06T09:20:59","date_gmt":"2011-01-06T14:20:59","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17671"},"modified":"2011-01-06T09:20:59","modified_gmt":"2011-01-06T14:20:59","slug":"usd-set-to-reverse-gains-on-zar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/06\/usd-set-to-reverse-gains-on-zar\/","title":{"rendered":"USD Set to Reverse Gains on ZAR"},"content":{"rendered":"<p>By Dan Eduard<\/p>\n<p>While the dollar has made some fairly impressive gains on the rand as  of late, the pair may be in store for a downward correction according  to technical indicators.  Since the 3rd of this month, the USD\/ZAR has  gone up over 1700 pips, and is currently trading around the 6.7660  level.<\/p>\n<p>At the same time, the 8-hour chart is  showing signs of an impending bearish move.  Both the Williams Percent  Range and RSI are overbought, while a bearish cross has already formed  on the Slow Stochastic.  Traders may want to go short in their  positions, as the pair may drop to the 6.7000 level in the near future.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/USDZAR-6.1.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/USDZAR-6.1.bmp\" alt=\"\" width=\"507\" height=\"490\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                                                              may           not            be                                        suitable                  for                   all                                                               investors.                                  There                        is        a                                                                                                        possibility                                         that                                                    you                                could                                               sustain  a                    loss                               of           all                      of                            your                                                                                                investment           and                                                                                therefore           you                                                                should                  not                                               invest                                              money                   that                       you                                                             cannot                                            afford      to                                                     lose.              You                                                          should                       be                               aware                   of                                         all                          the                         risks                                                                                associated                              with                                       Foreign                                                       Exchange                                                               trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the dollar has made some fairly impressive gains on the rand as of late, the pair may be in store for a downward correction according to technical indicators. Since the 3rd of this month, the USD\/ZAR has gone up over 1700 pips, and is currently trading around the 6.7660 level.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17671","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=17671"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17671\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}