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
ZAR
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.
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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 .
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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.
EURZAR is close to the Historical 4-Years High!I don't like to trade such instruments but we can see such levels rarely that's why I post it.
The price bounced down after the false breakout of Historical High.
This chart for that people why don't "believe" in levels))
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Is the South African Rand exortic enoughI am looking for long opportunities on EURZAR and what I like about exotic pairs is that they hardly range, they are always trending and soaring like an eagle, up the sky. I am targeting the A=C level. With the number of increasing Corona virus case in South Africa I think the South African Rand (ZAR) will be severely affected.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a possible continuation pattern to the downside.
Wait for the price to complete the pattern and watch strong price action for sell.
usdzar longwith 13 confirmed coronavirus cases we might see the South African rand shooting straight to R18.00 to the dollar.
Wait for induction in London - - USD/ZARwe have to wait for the induction that London presents for the reversal it can give us New York on the reverse
Head & Shoulders on NaspersJSE:NPN has formed a head and shoulders pattern and we could be looking at a nice downward move if it continues downward through the neckline.
IMP - Bullish EngulfingJust by purely looking at the charts, JSE:IMP has formed a bullish engulfing chart pattern and we could see an upward move confirmed by the stochastic.
I am remaining cautious as the world markets are all majorly down this morning, so I will definitely wait for a solid confirmation before entering long.
