ZAR
ZARJPY Bumb and RetestThese exotic FX pairs are more tricky to trade, but there is a potential nice setup here in the making. It has made a huge drop past 2 months for FA reasons, but there is a chance we might see a bigger consolidation or correction up this time. There was strong move up 2 weeks ago but came back down all the way again, but in a much slower pace though, which could be a sign. Now ideally we see it test that curved shape on the right a bit more coming days, but it is very important to see the green zone hold. If that breaks, anything is possible.
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USDZAR closing in on support at R18USDZAR closing in on support at R18 and if this rand strength continues the next target is the horizontal at 17.20
USDZAR approaching support, potential bounce | 29 April 2020Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level , in line with our 38.2% fibonacci retracement . The video analysis is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
USDZAR approaching support, potential bounce | 29 April 2020Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level, in line with our 38.2% fibonacci retracement. The written version is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
tracking compas in USD/ZARAccording to the type of induction that London did, we can see a follow-up of purchases in new york with structure
USD/ZAR : Sell From Top of the StructureDouble Top and Ascending Channel Pattern forming for Reversal in downside.
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USDZAR SHORT SETUPPotential short setup on USDZAR after breaking out of the channel and retesting it.
Also, take note of the ending diagonal after the breakout and retest.
USDZAR technically based forecast
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💡 USDZAR technicaly based idea, we can see price is bounce from supp line - trend line, two tops are created, technicaly indicators showing we can expect trend revers from this position.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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USDZAR 1H FRAME IDEA ( that star =] )USDZAR 1H FRAME IDEA
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USDzar, waiting for a bearish impulseCurrently developing bearish flag pattern. Waiting for a break of the low to validate the move.
UsdZar Sell Day trade ONLY . Hi All ,
A short trade on this pair for a day trade. We expect 70-110pips before a small bullish run to test the previous high where we would look for a mid term short of 300-400pips extension .
Many Thanks
USDZAR 50 % retracement completedUSDZAR is in global uptrend. But no instrument moves in straight lines. What we have witnessed was 50 % retracement and now its forming a clear fry pan bottom (also called Bump and run reversal bottom in Bulkowski's encyclopedia of Chart patterns) reversal pattern, right above 50 % global trend fibonacci level. Pring´s KST confirms the reversal.
USDZAR Possible Downtrend ContinuationPrice hits a falling trendline resistance and might continue the prevailing trend if this resistance holds.
GBPZARCorona virus socializing restrictions have me over analyzing which is bad for trading mentality...last one tonight, just a thought.
NEWGOLD - Continuation pattern Breakout- As the rand weakens and gold price is increasing, this ETF has been a solid performer
- Price has broken out of the diamond pattern and signals a continuation of the current up trend
JSE:GLD
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
