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Why the rand will hit R22.44 thanks to this double-whammy

by , 21 April 2020
Why the rand will hit R22.44 thanks to this double-whammy
On 24 February 2020, I sent out an article:

Coronavirus + Eskom + Moody's + Chart = Rand disaster

At the time the South African rand was trading at R14.20.

I predicted that the USD/ZAR would move to the first target at R16.00 within a couple of weeks…

This was due to the following factors at the time…

• The Coronavirus was declared by the WHO as a global health emergency. With the rise with the COVID-19 virus spreading throughout the world, emerging markets (including the rand) would continue to feel the negative effects. (WHICH HAS WORSENED)

• Moody's Investors Service dropped their economic growth forecasts which increased the risk that South Africa was about to be downgraded to Junk. (WHICH HAPPENED)

• Eskom's load-shedding schedule weighed down on business and consumer confidence, manufacturing and mining output.

With these reasons and more from the article, the prediction came true…

Take a look at the before, after and learn how you can join in and profit from my LIVE trading predictions…
________________________________________

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I’m being serious. There are a couple of reasons not to:
 
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________________________________________
 
 
BEFORE CHART: February 2020
 
 
AFTER CHART: April 2020
 
 
 
How you can profit from my next rand prediction:
 
The question we’re all asking is…
 
Where is the rand heading next and how can I profit?
 
To answer this question, you can take a look at my next SA rand prediction article which was sent out last week.  
 
Click the link to read:  
 
 
Trade well,
Timon Rossolimos,
Analyst, Red Hot Storm Trader
 
P.S. If you thought no-one was making money in the markets right now think again… Pickpocket Traders have had six winning trades in a row and are waiting to pocket a seventh… Find out how they are doing it here
 


Why the rand will hit R22.44 thanks to this double-whammy
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