South Africa

No renko charts today. The reason? I don’t trust this rally. Too classic. In an expiration week and then on Tuesday and Wednesday. An evil set-up.
We're not going there.
So we show something else.
The correlation between a currency and its stock index.
South-Africa to be precise.
First a weekly chart of the iShares South Africa and the ZAR:

And this is a daily picture of this situation.

What is the trend of the ZAR? Renko style :-)

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