Emerging Currencies: Turkish Lira, South African Rand, Mexican Peso

When a financial market gets expensive, traders and investors start broadening their search for low-price opportunities. As an overbought U.S. stock market hits the late stages of an impressive rebound from March’s crash, its stock market looks expensive. Meanwhile, “emerging market” currencies like the Turkish lira, South African rand, and the Mexican have barely started … Read more

Forex Critical: A Sharp Rally Ends for the South African Rand

It was just two weeks ago when I pointed out an important technical change in the U.S. dollar against the South African rand (USD/ZAR). The USD/ZAR currency pair proceeded to decline nearly straight down until it reached toward the July lows. Based on the strong rebound underway, I am assuming the rally in the rand … Read more

Forex Critical: South African Rand Breaks Its U.S. Dollar Flag

With a Partial Phase One Trade Deal apparently at hand between the U.S. and China, emerging markets look more interesting than ever. I am scouring the charts for entry points in related currency pairs. The South African rand looks particularly interesting. Against the U.S. dollar, the rand (USD/ZAR) created a double top from September, 2018 … Read more