Exotics
USDZAR ANALYSISUSDZAR is forming Head and Shoulders pattern
Price is based below resistance level at 17.5150
Below SMA 100
RSI is in downtrend
We r waiting price to break next support level and HVN at level 17.3238 to open short trade
It's expected for coming bearish movement to target key level at 16.8155
USDMXN ANALYSISStrong bullish wave (A) occurred after breaking downtrendline
then corrective bearish wave (B) rejected from broken downtrendline with bullish movement
MACD shows start of bullish momentum
Pair is based above HVN at level 22.3538
It's expected for coming strong bullish wave (C) to first target key level at 22.9080
then finally target supply zone at level 23.2320
USDZAR ANALYSISUSDZAR broke major downtrendline on H4 frame
Price broke key level at level 16.9040 with strong bullish movement
Price is above HVN level 16.6836
MACD shows bullish momentum
It's expected for the continuation of bullish movement to first target resistance level at 18.0000
then finally target supply zone at level 19.1875
USDMXN ANALYSISUSDMXN broke major downtrendline
Price is based above HVN at level 22.2121 which indicates that pair is in accumulation phase
Price respects uptrendline
Broke consolidation triangle pattern
MACD shows weakness of bearish momentum
RSI is above level 50
It's expected for coming bullish wave to target first key level at 23.6035
then target following resistance level at 24.3960
USDCNH ANALYSISUSDCNH is based above key level at 7.0410
Price broke corrective downtrendline
Pair is forming inverted Head & Shoulders pattern
Price is based on HVN at level 7.0822 which indicates that pair is in accumulation phase
MACD shows starting of bullish momentum
RSI is in uptrend
It's expected for coming bullish wave to target resistance level at 7.1980
USDMXN SHORT TRADEUSDMXN broke lower limit of triangle pattern
Price is based below HVN at level 24.0610 which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows bearish momentum
RSI is in downtrend
It's expected going down testing daily support level at 22.0264 which corresponds to 127% Fibonacci expansion
USDMXN SHORT TRADESharp bullish wave ended at level 25.5137
Now USDMXN pair is in trading range forming Head and Shoulders pattern
MACD shows bearish momentum
It's expected to target first neckline at level 23.8222
then target demand zone at level 21.0992 which corresponds to the classical target of Head and shoulders pattern
USDSGD SHORT TRADEUSDSGD now is based below HVN at level 1.3887 which indicates that pair is in distribution phase preparing for coming correction
We r waiting price breaking support level at 1.3840 for opening short trade
MACD shows bearish momentum
First target will be at key level 1.3678
Second target will be around demand zone at level 1.3447
USDZAR SHORT TRADEUSDZAR formed head & shoulders pattern
Price rejected from 61.8% Fibonacci of preceding wave at level 14.9555 and confirmed by bearish engulfing candle
Below moving average 100
MACD shows weakness in bullish momentum
RSI reached overbought region
It's expected for coming strong bearish wave to test key level at 14.2780
USDSGD SHORT TRADEUSDSGD rejected from supply zone at level 1.3925
Bearish movement is confirmed with bearish engulfing candle
MACD shows bearish momentum
RSI broke uptrendline on H4 frame
It's expected for strong coming correction to retest HVN at level 1.3626
then go down towards the key level near 1.3510