ABSA ShortJSE:ABG formed a bearish harami a few days ago which seems to be playing out so far - looking good for a short position if confirmed.
ZAR
Nedbank fail at resistanceJSE:NED failed to break through a resistance level and seems to be bouncing into a downward direction. If it confirms, I will enter a short.
Investec reversalJSE:INL formed a bearish harami at a resistance level. Once confirmed, we could see a nice downward move towards the previous support level.
AGL - Bearish HaramiJSE:AGL has formed a bearish harami which has been confirmed by the stochastic. I will enter short if it trades lower today.
Chf/Zar possible H&S / Cup & Handle. either way bullishHello Traders. This is Fdz Bringing to your attention my analysis on the Chf/Zar pair.
I spy with my eyes a completed Inverse Head & shoulders turned into a Cup & handle. both patterns are bullish.
retest/handle seems complete. might rally when reports are released. Im placing my stop under the shoulders.
Tp in place. Happy trading.
Bidvest - Harami forming at resistanceJSE:BVT is currently forming a harami at a resistance and is looking like it will possibly be reversing. If tomorrow confirms, we will enter short.
EURZAR SHORT OPPORTUNITY, ABOUT TO HIT TARGETShort position, check for retest in a lower time-frame, about to reach our target.
REM Dark Cloud CoverJSE:REM formed a "Dark Cloud Cover" pattern at a resistance level. If it confirms, I will enter a short position.
CLS at possible turning pointJSE:CLS is trading at a significant resistance level at the moment. It will most likely not break through this level. The stochastic indicator is looking like a turn downwards is imminent as well.
If this level is broken and a higher high is confirmed, we could continue with the strong momentum in an upward direction.
We will just have to wait and see which direction is chosen
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.
The rand vs the Euro - Longer term viewNeeded to buy some euros with zar so thought i would pull up a longer term chart to see when i should be buying!
So far so good, predicted yesterdays drop 9 days ago and hit my green box, if at all i will be buying again it should be around those new levels to complete our Z.
GFI at turning pointJSE:GFI seems to be struggling at a support and it could make a turn around for a long position. If it cnfirms above Tuesday's candle, I will consider a long position.
DSY possible shortIf confirmed, we can possibly be looking at a short move on JSE:DSY as it is at quite a strong resistance level, and might fail to break through it.
SBK Downward bounceJSE:SBK is bouncing off of a support level which is also the 50% fibonacci retracement level, so we can expect a downward move if it confirms the short position.
BHP in a channelJSE:BHP has failed to break out of the downward trending channel that it has been trading in and has once again bounced off the top for a downward move. We could see it continue down to the bottom of the channel, but it might also find some resistance around the 31000 level as it has before.
#AUDZARSupport and resistance are identified
The green areas are Target
Orange areas are strong
Time range specified
The pattern is broken
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
RDF reversalJSE:RDF seesm to be reversing it's trend at the moment and we could be looking at a long position if it breaks through the fractal.
USDZAR R16 Target Level IN PLAY!USDZAR lining up for the all-time HIGH level of R16 to the Dollar. With the recent healthy price pullback from 15.40 we are seeing the formation of the Higher High / Lower Low Formation in play. I recommend holding Long Term on Buy Stop Pending Order for the protection of capital and reasonable risk ratio application. ENJOY!
Bullish Engulfing on MTNJSE:MTN is showing a bullish engulfing candlestick pattern due to yesterdays price action. It's looking good for a long position.
CFR Head & ShouldersCFR has formed a head and shoulders pattern which could mean a downward move if it breaks through the neckline.
As always, wait for confirmation.
USD/ZAR Possible head and shoulders pattern prediction Possible in the we can see head and shoulders pattern on USD/ZAR.
What do you think about it ?
SHP possible reversalJSE:SHP is looking positive for an upward reversal. If it breaks through the fractal level of 2 September, I will consider a long position.
