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zeerotrader

Looking at the TELKOM, we may derive the following from the weekly chart: 1. Price is at a notable resistance level where the first rejection has occurred. 2. Price may form a reversal pattern at the high going forward - will monitor this and short accordingly. 3. I am favouring a move to downside in the near future. 4. I am currently short at R100 and will...

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Looking at NASPERS, we may derive the following from the Daily chart: 1. Price is at the 61.8 retracement level. 2. The candles over the past two days were both bearish, despite having entered back into the daily trend. 3. We are at a backtest of the daily trend - since this is retracement wave. 4. Should we come back down, then the target is the weekly...

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Looking at the TOP40 Index, we may derive the following from the weekly chart: 1. Price is at a notable resistance level where many rejections have occurred. 2. Prince is backtesting the weekly trend line break (purple line). 3. I am favouring a move to downside. 4. Since we are at a high, the risk is far less than trying to short once the move has...

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Hi Guys So having a look at FOSCHINI, we may derive the following from the weekly chart: 1. Price is trading in an equidistant channel, where the bears appear to be in control. 2. We may therefore test the weekly uptrend support near the 200 SMA. 3. I am favouring a move to downside but wouldn't rule out the possibility of a break to the upside where we...

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Hi Guys So having a look at VODACOM, we may derive the following from the weekly chart: 1. The recently formed base has shown a reversal pattern (the equidistant channel). 2. The weekly down trend (pink line) has been broken - we are approaching the major downtrend (grey line). 3. A test of the orange circle or resistance is possible and a break beyond that...

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This chart and analysis shows how one could have traded USDZAR during the past 6 months and ultimately profited using technical analysis. Enjoy!

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GJ is currently moving in an ascending triangle. There seems to be a lot of anticipation in going long around 142 which is support by the upwards trend line & even the 200 SMA. Will wait for price action & a confirmed hold at the above mentioned level. Lets see how this plays out. Good luck.

zeerotrader Updated 

This chart aims to determine the probable direction of this pair over the next few days/weeks. We have seen: - A move up from the major demand zone. - A break of the down trend (purple line down). - A successful up trend formed (green line up). We expect: - A complete retracement to the supply zone. - Some selling pressure to occur around the intermediary...

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Gold is approaching the long term weekly bearish trend line. A break to the upside will signal a long and a reversal will signal a short down the bullish trend line. Exciting times ahead. As always, wait for confirmation.

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The chart indicates the pair moving inside a widening channel. By following the trend, we may enter into a short. The channel however may be slightly overtraded and might open up to a new trend - thus it is important to wait for confirmation - i.e. Price action / daily close below daily resistance after test. Lets see how this plays out.

zeerotrader Updated 

Currently short on USDCHF. Will update through out the course of the trade.

zeerotrader Updated 

The current setup indicates a bull flag pattern - thus a probable long position to enter in. _______ I have also provided past technical analysis for interest sake. Feel free to comment or add critique. Thanks!

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It would appear that this pair is facing a 6 month trend resistance (yellow line). The overall trend is bearish. We need to see if this trend continues. A further break of the bullish (green) trend line will signal further downside. Let's see how this plays out. Thanks!

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Based on the technicals, the probability of a bounce on the support (green line) to the resistance (red line) is good. Thanks!

zeerotrader Updated 

Slow breakdown - USDJPY - with several rejections at the red resistance line. A break below the orange support line will see further decline to the green support line. The purple line is the projected course over the next few days. Im keen to see if this plays out accordingly. Thanks!