BHP GROUP (BHP) BUYIf prices break above the previous 34 156 resistance, this should be a good opportunity to buy into this market. The price is above the 100-day exponential moving average on the weekly chart and also seems to be bouncing off the 400-day EMA on the daily chart, as this seems to present a support zone. Our good old trendline shows the price making a series of higher highs and higher lows, however, the slope of the trendline is not that steep, meaning this stock will be a slow mover, if it moves to the upside at all.
Buy: When the price breaks above the 34 156 level. '
This trade will be invalidate if prices break well below the trendline or the 400-day exponential moving average on the daily chart. Proper risk management should be exercised.
Southafricanrand
USDZAR SELL COMING??????The chart patterns forming are clear as shown in the chart but I am mostly interested in the COT report, banks are holding longs on the ZAR yet we have been seeing a bullish move in the last week or so, a DROP IS CLOSE WE CAN GET A DOUBLE TOP along the trend line, SO BE ON THE LOOK OUT
USDZAR sellThe rand held its own through the USD bull run, wonder what it'll do when there's nothing holding it back.
Good luck and follow me for more!
EURZAR Sell SignalPattern: 1M Channel Down.
Signal: Bearish as the price is near the inner Higher Low trend line.
Target 16.3000.
ZARJPY counter trend tradeWeekly pullback traded in the 4 hour chart against the long term downtrend
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.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
USDZAR another sell opportunity I had 4 successful forecasts on USDZAR and I managed to take a trade on 3 of them, here if we get a nice flag there would be a nice sell setup too
Short USD/ZAR: Bearish CloseBearish Weekly candle on the close of last week gives a good opportunity to short USD/ZAR with a stop just above the highs of the last few weeks.
South Africa Will Collapse. Long-term target 20, then 30.Eskom is just one of many devastating structural issues but it will be the one that takes the country down.
UsdZar M Hidden DivergenceAfrican Rand will strengthen as M chart shows hidden divergence. Short this pair.
USD ZAR SELL (US DOLLAR - SOUTH AFRICAN RAND)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
$USDZARFX:USDZAR
Long term channel held USDZAR at least for now.
Smaller channel made with clear negative divergences.
Looks like USDZAR weakness (great for us in South Africa) is on the card for days to come.
USDZAR: 1D Channel Up. Buy.The pair is trading within a 1D Channel Up (RSI = 56.302, MACD = 0.105), currently on its Higher Low zone (Highs/Lows = 0.0000). This is an ideal opportunity to go long on the next +5% leg. TP = 15.40000.
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USDZAR-WATCH FOR RETEST WITH STRONG BULLISH REVERSAL PATTERN
-EXECUTE WITH CONFIRMATION
2nd Scenario
-WAIT FOR BREAKOUT ON SUPPORT
EURZAR: Short term bullish signal. Long term pending.The pair is on a 1D Ascending Triangle (RSI = 54.426, STOCH = 51.729, Highs/Lows = 0.0000) which on the short term is giving buy signal towards 16.800. Also, a stronger longer term buy signal is coming close to being materialized when the Golden Cross takes place (MA50 over MA200). The last 2 times that happened, the pair rallied more than +15%.
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USDZAR: Sell opportunity after a Resistance rejection.The pair is pulling down on the 1D chart and has reached its pivot point (RSI = 50.729, CCI = -28.2213, Highs/Lows = 0.0000). This should accumulate some buying pressure to take it slightly higher only to be most likely rejected again towards the 12.90 - 13.87 Support Zone. We are short with TP = 13.900.
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Buy opportunity on South African stocks.The market is approaching the 48,940 Support. 1M is supported there (RSI = 52.867, MACD = 574.500, Highs/Lows = 0.0000) and the current dip is a solid medium term buy opportunity. Assuming that a roughly -2% Lower High sequence will be maintained we place the next medium term target at 52,200.
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