The GBP/ZAR is killing everything! I have taken some more as I am hoping they will view it as a hedge stock in the UK. Ditto INP. I remain wary of the Rand but I am reluctant to add to straight hedges as the trend appears clear. I am fast running out of ideas in this market.
What I see from the monthly chart is that in both 2003 and 2009 (when the pound tanked against our rand), even when the monthly rsi and sto got into oversold territory it still took a long time for the gbp-zar to turn, as the momentum just took it lower and lower. I will wait until there is a buy divergence on these monthly indicators before I go all in on the rand hedges. Just my view.