USDCAD WEEKLY Quick analysis of the USDCAD Weekly shows we are in a neutral state attempting and respecting the ascending triangle. Let me know what you think
ZAR
usdzar sell opportunityhello traders,thank you for looking at my idea. As we can see on the chart above,it seems like price just hit an extreme point but
for a safe entry we will first wait for a pull back then sell the break out of the level indicated.
"USDZAR: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and made a Pullback to it.
- Now, it is on a correction.
- If price breaks the correction, potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
SA TOP AnalysisI see this as an insight ti what is happening with the South African economy. Lets have a look:
SGL ChannelJSE:SGL is trading in quite a strong upward parallel channel. If it fails to break through the bottom, we can expect that it will head upwards towards the top of the channel.
Possible ReversalJSE:GRT is trading at a previous support level from all the way back in December 2015.
If it fails to break through this level, we could possibly see a retracement or a reversal.
I will keep an eye on this one for a possible long opportunity.
A safe trade on USDZAR!If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Have a great day everyone!
Dollar / Rand: Potential Running CorrectionThe 240 min chart has a potential RC and should this be the case we would be headed for a quick move to R14.88 - R15.19.
I would look to buy this chart on a pullback to R14.34 with a stop under R14.24, giving one a 54/10 bet based on the min target level at R14.88 or but on the 240 min close over R14.50 with a stop under R14.45 and this will give one a 44/10 bet (depending on the long entry due to the 240 min close) based on the min target level at R14.88.
love these odds and hope you make a killing!
Giancarlo
USDZAR SELL SETUPUSDZAR rejected from downtrendline and key level 14.5313
Pair is based below HVN at level 14.7587 which indicates power of bears
Price reached overbought region on RSI
MACD shows negative momentum
It's expected for coming bearish wave to test the demand zone near level 13.8640
Symmetrical Triangle on SBKJSE:SBK has formed a symmetrical triangle pattern and we can anticipate a strong move once it breaks out. For now, it's a neutral signal, but the move will depend on which direction the breakout occurs.
USDZAR COMING STRONG BEARISH MOVEMENTUSDZAR bullish correction wave occurred and rejected by broken major uptrendline
False breakout resistance level @ 14.3705
RSI shows negative divergence
Price broke uptrend on RSI
It's expected for coming strong bearish movement targeting the key level @ 13.8840
ABG - Possible bounce off supportJSE:ABG is trading at quite a strong support level. If it fails to break lower, we could be in for an upward move. I will wait for confirmation of the bounce before entering long.
Possible reversal on NPNJSE:NPN is trading at quite a strong resistance level at the moment. If it fails to break higher, the chances are good for a downward move. The stochastic seems to be confirming the trend reversal.
As always, I will wait for confirmation before entering.
$USDZAR FX:USDZAR
Double support on $USDZAR around 14.34
If it gets broken next one is around 14.08 and bellow that around 13.80.
USDZAR Testing Final Support LevelTrade Background:
Like most of the USD pair, price has moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal.
Trade Idea:
Entry: 14.3000 - 14.5000
Stop loss: 14.2500
H&S and Resistance BreakoutJSE:AGL has broken through a strong resistance level and is making higher highs. At the same time, an inverted head and shoulders chart pattern was formed. It is looking good for a long move.
USDZAR H4Price has broken out of the descending trendline / downtrend along with structure. Price has now pulled back to make a HL & retest broken resistance as new support now, where I will be watching for a reversal back to the upside to resume the uptrend & make a new Higher high next.
"UsdZar: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline.
- Price is above the Support Zone.
- Price is developing a Correction.
- If price breaks the Correction and the Support Zone, it has potential to continue its down move towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
