Markets to watch out for on UK Election night / morning:Keep an eye on these 8 tonight and tomorrow!
GBPZAR
GBP/ZAR Weekly AnalysisGDP/ZAR still shifting up and down, so the if statement here will do just like the USD/ZAR, they seem to react in the same manner due to investors relations driven by politics.
GDP >ZAR AnalysisThe POUND been falling against the RAND for 6 a half days now.
I wonder if this gives this pair a long opportunity after the commotion in the UK ?
Hoping for a good long opportunity when the price recovers ?
Long opportunity on the poundThe Rand gained strength in the morning against the pound
Round about 5 in the morning - Price = 17.2335
Round about 6 in the evening - Price = 16.9790
Expecting the price to bounce back to between 17.1000 & 17.1500 by lunch tomorrow?
I see long sculpting opportunities for gbpzarThe market been going side ways for a while now whilst going (from the 8th till sate)
I suggest long sculpting for a shot period of time for every long opportunity?
GBPZAR daily elliott It's a livin' thing
It's a terrible thing to lose
Its a given thing
So you won't be needing those shoes
GBPZARGBPZAR looks very interesting. it`was forming H&S pattern, broken it up and now seems to bounce after a correction. thera is also a strong support on 17,0730 level
Pound Sterling / South African RandPound Sterling / South African Rand going long after a few weeks of going down
Perfect ascending triangle on South African rand6 perfect hit points on both support and resistance for this ascending triangle.
I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors).
Zoom out to view more profit targets from structure (0.0471 and 0.0474).
Possible moves on GBPZAR (cypher and bat patterns)Quite a late entry into a daily bat pattern, which we could gain a few pips on nonetheless. Even if it does stop out we still have a potential movement into a large cypher pattern which could provide a large number of pips.
GBPZAR potential for a big rallyFalling wedge with 5 hit points, approaching a 6th and final one for a strong breakout.
Excellent previous structure support (indicated by the horizontal black line) asking for a rebound into the upside. I think that this falling wedge will accentuate the rebound off the support line.
Major bullish divergence on the RSI occurring in the oversold region.
Profit targets are indicated by the horizontal green lines.
