support at 50SMA, targets are on the chart. if you find my charts useful, please leave me "like" or "comment". Thx
Pattern: 1W Rectangle (9.5820 Support - 10.5700 Resistance). Signal: Bearish as the price completed a cyclical Lower High within the pattern. Target: 9.9000.
The pair has made a potential Lower Low within the 1D Channel Down (RSI = 37.943, MACD = -0.070, B/BP = -0.1402) and although it may extend a little lower towards the 0.97234 1W Support, it should technically rebound towards a Lower High. We have estimated this at 10.200 and this is our TP. ** If you like our free content follow our profile...
The pair is attempting to develop a Channel Down on 1D by currently pricing a Lower High. 9.9000 can be taken as a potential short target.
AUDZAR Cup and Handle pattern detected! Good to go long.
Recently a friend was interested in moving a portion of money out of South Africa to Australia. Some news came out about the South African President, Jacob Zuma, firing the respected economy minister. The Rand slipped quite a bit, the individual was concerned that they should have moved the funds out, so I performed an analysis of the Rand trend to validate if it...
Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.
The weekly graph reflects the perspective of the longer term trends. This is the long term view related to my daily study of the AUDZAR.