ZARJPY Short on Regression BreakZARJPY has been in consolidation for sometime. The break downwards may move price into the lower half of the long-term consolidation
ZARJPY trade ideas
ZARJPY Sell Signal AlertDear Traders,
We have identified a potential trading opportunity for the ZARJPY currency pair. Below are the specifics for this trade signal:
Direction: Sell
Enter Price: 8.193
Take Profit: 8.06766667
Stop Loss: 8.38266667
Rationale for the Signal:
This recommendation is made based on the analysis conducted using the EASY Quantum Ai strategy. Our advanced algorithm has detected multiple factors contributing to a bearish trend for ZARJPY:
1. Technical Indicators: Key technical indicators show an overbought condition, suggesting the potential for a downward correction.
2. Market Sentiment: Sentiment analysis indicates a shift towards risk aversion, which historically puts pressure on ZAR.
3. Economic Data: Recent economic data from South Africa has not met expectations, potentially weakening ZAR while JPY remains stable.
4. Price Action: Price action analysis reveals strong resistance at the Enter Price level and a pattern suggesting an upcoming bearish reversal.
Please ensure you follow your own risk management rules and take into account any additional factors that may influence market movements.
Trade wisely,
EASY Quantum Ai Team
Trading Signal for ZARJPY: Sell OpportunityDear Traders,
Based on our analysis using the EASY Quantum Ai strategy, we have identified a sell opportunity for the ZARJPY currency pair. Please find the details of the trade below:
Direction: Sell
Enter Price: 8.815
Take Profit: 8.603
Stop Loss: 8.987
Justification for the Forecast:
1. Technical Analysis: Recent chart patterns indicate a bearish trend for ZARJPY. Key resistance levels around 8.815 have been tested multiple times without a successful breakout, suggesting a potential reversal.
2. Economic Indicators: The South African Rand (ZAR) has shown weakness against the Japanese Yen (JPY) due to recent economic data pointing to slowed economic growth in South Africa.
3. Market Sentiment: Investor sentiment has been leaning towards risk aversion, increasing demand for safe-haven currencies like the JPY. This negative sentiment towards the ZAR is expected to push the currency pair lower.
4. EASY Quantum Ai Strategy: Our proprietary algorithm incorporates multiple market factors and has identified a high-probability sell trade setup for ZARJPY at the specified levels.
Please ensure you manage your risk appropriately, using the given entry, take profit, and stop loss points. Stay updated with the latest market news and adjust your positions accordingly.
Happy Trading!
Wait for this breakout to fail then buy 2nd breakoutOne of my favorite charts:
OANDA:ZARJPY
2nd Favorite:
FOREXCOM:NOKJPY
ZR/JPY LONG TRADE IDEASellers have been rejected on a daily low buyers are stepping in. switch to lower time frame and execute your long positions. hold till satisfied
ZARJPY: Symmetrical TriangleZARJPY is trading in symmetrical triangle, we can enter into the long trade after the break of HH.
ZARJPY - 4H - DOUBLE BOTTOMS - LONG POSITIONIn this chart we can spot Double bottoms on 4h chart.
we can expect a decent target to be fulfilled. we take entry after break of neckline.
ZARJPY - FALLING WEDGE.ZARJPY has formed Falling wedge pattern. Stop loss, Buy stop and TP'S have been marked.
ZARJPY what are thoughts this one....... HONG KONG (Reuters) -Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+.
Investors are also looking to Chinese policymakers for clues on possible support for the long-suffering property market, in line with broader growth targets they are hammering out.
MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.03% in thin trading, with Japan and the United States on holiday.
China's benchmark share index fell 0.16% on Thursday, with the real estate sub-index retrieved earlier losses to gain 2.11%.
ZARJPY Needs a PullbackTaking a look at ZARJPY in the H1 timeframe, I notice that it's currently at the (X-Y) leg, meeting the 50 EMA. However, it's important to note that the sequence isn't theoretically complete; - it reaches completeness at point Y.
What piques my interest is the possible completion of point (X). This could potentially signal a shift towards a bearish trend leading to point (Z). This is particularly significant because point (X) signifies the conclusion of an established bullish trend within the Elliot Wave sequence, considering the fib 1.1618.
The prevailing bias points towards 7.079 with a single price target, and when we consider the overall trend on the daily chart, it remains bullish, aligning with the 200 EMA.
K.
Strategy Concepts: ABC-D, 50 EMA & 200 EMA, Elliot Wave, SnR zones, AB = (CD * 1.1618)
ZARJPY: Massive Head and Shoulders with Bearish DivergenceIn addition to the Bearish 5-0 I pointed out before on a previous chart, the ZARJPY has also formed a Potential Bearish Head and Shoulders that is visible on timeframes even as high as the monthly with Bearish Divergence on the MACD and RSI. If The Carry Trade truly is to be dissolved, the ZARJPY should be among the currency pairs that are most severely affected, as it has the highest interest rate differential and therefore generates the highest yield for the time being.
ZARJPY: My Bearish Speculation Against The JPY Carry TradeWe have some Bearish Divergence on the ZARJPY, but the main reason I entered this trade was to speculate against the JPY Carry Trade and front-run the potential flight we may get back to the Yen if Japanese Yields were suddenly to go up or even become uncapped during the BoJ meeting tonight.
I could have shorted EURJPY, GBPJPY, AUDJPY, or USDJPY instead, but I feel ZARJPY may give a more violent reaction as it is a currency that has generated some of the highest yields vs the JPY thus far, and if that yield were threatened, I think it would move down quite fast compared to the other pairs.
I guess as a side note: This might end up being a Bearish 5-0 in the long run.
ZARJPY, Bearish Triangle-Formation, Declines Incoming!Hello,
Welcome to this analysis about ZARJPY, we are looking at the 4-hour timeframe perspectives. As when looking at my chart we can watch there how ZARJPY has developed this bearish wave-count to the downside and has now formed this bearish symmetrical-triangle-formation marked in my chart with the black boundaries. Within this formation, ZARJPY has the coherent wave-count almost already completed and has the 100-EMA as strong resistance. All these factors give the indication that the triangle-formation will complete in the next times bearishly to the downside, when this happens it will be the set-up for the bearish continuations to the downside and the activation of the main initial target-zone at the 7.45 level marked in my chart in blue. When this level is reached it has to be elevated how ZARJPY continues and if there comes a potential reversal or further heavy bearish declines will follow up.
In this manner, thank you for watching my analysis about ZARJPY and the bearish triangle-formation-breakout likely to come up in the next times with the targets to be activated, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
$ZARJPY: Uptrend in the weekly chartVery strong setup in this pair, aided by massive positive carry on the long side.
Low risk opportunity in the FX market.
Best of luck!
Cheers,
Ivan Labrie.
ZARJPY LONG MOVELooks like the pair is going long and expecting a pull-back soon, be on the lookout fellow traders✌️
True Beautywas running thru some pairs and I just came across this natural beauty #noexplantionneeded I love this.....
ZARJPY: Riding the Bullish Wave📈🚀 ZARJPY: Riding the Bullish Wave 🚀📈
📊 Technical Analysis: Get ready for a potentially bullish ride on the ZARJPY forex currency pair! 🌐📈 The 1-hour chart reveals a strong and clear bullish trend, supported by a bullish trend line. 📈📈 Additionally, the Momentum Indicator RSI shows no signs of divergence, indicating the continuation of the bullish momentum. 🚀💹
📝 Trade Plan:
🎯 Entry (Fib Retracement): 7.859
🛑 Stop Loss: 7.769
🎯 Take Profit (1:1 Risk-Reward Ratio): 7.949
📊 Rationale: The technical analysis points to an opportune moment to join the bullish trend on ZARJPY. By entering at 7.859, we aim to capitalize on the anticipated upward movement. A well-placed stop-loss at 7.769 ensures risk management and shields against unexpected market fluctuations.
🎯 Take Profit Target: Our take-profit level is set at 7.949, offering a 1:1 risk-reward ratio. This target aligns with a potential resistance area, where profit-taking is prudent.
📈 Trade Smart: As you prepare for this trade, remember to approach the market with discipline and smart risk management. Assess your position size to match your risk tolerance and stay vigilant about market developments.
🔍 Chart Indicators:
📌 Bullish Trend Line
📌 No RSI Divergence
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Forex trading carries inherent risks, and past performance does not guarantee future results. Always conduct your research and seek advice from a qualified financial advisor before making any trading decisions.
Trade with confidence and may the markets favor your trades! 🚀🌕 #ZARJPY #BullishTrade #TechnicalAnalysis #ForexTrading #TradeSmart #BullishMomentum #TradingView
ZARJPY2 Skenario untuk ZARJPY
1. Plan Sell ketika harga memasuki area Supply
2. Tunggu konfirmasi Buy di Area QM jika Supply tertembus
ZARJPYZARJPY has broken it’s uptrend by forming an Lower Higher and the confirmation was also received on July 4, 2023 when it formed a Lower High hence it is a good short opportunity with stop loss set at previous Higher High.
P2P | ZARJPY BreakdownHey family, hope you've all been healthy!
This is short and sweet for anyone wondering about how I take my setups.
Hope this helps simplify things for you! Don't forget to boost if you find value, thank you.
Trade well, stay healthy, and lets keep growing through the journey!
ZARJPY is looking Bullish1.Bullish Divergence at 4h
2. Bullish divergence also at 1H
2. Price bounced back from Support 1(S1)
Method 1
We can enter at support level 1 for long.
We can put a stop loss below the support 2
We can short it from Resistance 1.
In this case, we can add stop loss above the
resistance level 2
Method 2
We can enter at support level 2 for short.
if it went for strong bearish.
We can put a stop loss above the support 1
We can Long it from Resistance 2.
if it went for strong bullish.
In this case, we can add stop loss below the
resistance level 1
Perfect automated detection of Shark & Nenstar PRZ - ShortA bearish-type Shark pattern occurred.
If the price rises to 8.342, a bearish-type Nenstar pattern could occur.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Going short on zar jpy Going short on Zar Jpy with a risk to reward of 1:4.6 R as price approaches ob we expect a drop in price
