AUDZAR "Long"support at 50SMA, targets are on the chart.
if you find my charts useful, please leave me "like" or "comment".
Thx
AUDZAR
AUDZAR Sell SignalPattern: 1W Rectangle (9.5820 Support - 10.5700 Resistance).
Signal: Bearish as the price completed a cyclical Lower High within the pattern.
Target: 9.9000.
#AUDZARSupport and resistance are identified
The green areas are Target
Orange areas are strong
Time range specified
The pattern is broken
AUDZAR: Buy signal on the 1D Channel Down.The pair has made a potential Lower Low within the 1D Channel Down (RSI = 37.943, MACD = -0.070, B/BP = -0.1402) and although it may extend a little lower towards the 0.97234 1W Support, it should technically rebound towards a Lower High. We have estimated this at 10.200 and this is our TP.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
AUDZAR: 1D Channel Down. Short.The pair is attempting to develop a Channel Down on 1D by currently pricing a Lower High. 9.9000 can be taken as a potential short target.
Study of the movement of the South African Rand long term trendRecently a friend was interested in moving a portion of money out of South Africa to Australia. Some news came out about the South African President, Jacob Zuma, firing the respected economy minister. The Rand slipped quite a bit, the individual was concerned that they should have moved the funds out, so I performed an analysis of the Rand trend to validate if it was a good reason to sell.
This is a long term study with a roughly 2 year window. I have made this study as an update to confirm my earlier analysis. I saw a channel had formed and advised not to sell the Rand as it had not broken the long term price channel and trend, at least as I saw it. My analysis was correct and the individual held on to their money. The price has since moved back into the trend.
In conclusion; I stated that as long as the price remained within the trend it was worthwhile holding onto the South African Rand. If the price breaks out the upper orange trend line then selling of the rand might be advised as the long term trend had a higher probability of breaking. On the other hand if the price fell significantly below the bottom trend line profits could be booked, depending on circumstances. Ultimately holding on could also be an option as this is a long term analysis.
AUDZAR to bounce from LT channel Middle line?Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.
Long term study of the trends in the AUDZAR pairThe weekly graph reflects the perspective of the longer term trends. This is the long term view related to my daily study of the AUDZAR.
