SA40:The MACD is building from the depths here is the trade!SOUTH AFRICA TOP 40 INDEXTVC:SA40Kearabilwe-NonyanaThis video features a breakdown of the SA40 and my set up from this week where the South African Reserve Bank left the repo rate unchanged at seven percent in a shocking four-two vote split while Governor Kganyago mentioned one hundred dollar Brent crude as a potential worst-case scenario, which is coming true as US airstrikes against Iran for eleven straight days keep oil above ninety-seven dollars. The USD/ZAR pair has made a move past the sixteen fifty level and is heading towards seventeen dollars, squeezing the domestic consumer and putting pressure on the SARB to be in its most difficult situation of the cycle. This is a full breakdown of the SA40, where I take you through the reasons why the index finds itself on the fault line between its commodity heavy rand-hedging stocks and its domestic exposure banks and retailers, what a rising RSI towards fifty from below and a moving MACD from deep negatives to green is saying, and how I plan on trading it. Whether you trade South African equities or are simply looking to understand how macro forces and technical indicators interact in emerging market indices, you will find this video interesting.