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Southafrica

💡Don't miss the great buy opportunity in USDZARMidterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the trough at 14.51015 on 2020-12-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 14.7500 on 01/21/2021, so more gains to resistance(s) 15.3750, 15.6585, 16.0745 and maximum to Major Resistance (16.3405) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 55. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (14.761 to 14.503). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. . Beginning of entry zone (14.761) . Ending of entry zone (14.503) Take Profits: TP1 @ 15.3750 TP2 @ 15.6585 TP3 @ 16.0745 TP4 @ 16.3405 TP5 @ 17.1045 TP6 @ 17.7885 TP7 @ 19.3350 TP8 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
GLN - Broken through consolidation areaJSE:GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from here possibly to at least around the resistance level between 5400 and 5500.
JSE:GLNLong
by RossLarter
2
NASDAQ100/ US100 SIGNAL -BUY AT BREAK AND RETEST OF BULLISH FLAGTOPDOWN ANALYSIS: Shows Monthly uptrend and BULLISH FLAG PATTERN ACTION PLAN: 1.) Wait for price to show a break above flag pattern and retest (then enter with a buy) 2.)As soon as market hits a 1:1 risk reward = move stop-loss to breakeven (as we near pivot point resistance) (capital preservation is key) MAGIC IF: 1.)If market breaks downward with large momentum candles, might be a false breakout (therefore wait for a break in the flag and follow break and retest strategy) Reasons/ Confluences: .Clear strong uptrend since April 2020 .RSI Indicator not above the 80 upper band .Pivots are still bullish and give clear markers for potential price targets (R1, R2, R3) .Fundamental news showing bullish - as we get closer to containing the pandemic (vaccines e.t.c) TIPS: .Stocks are known for whiplash and false breakouts - therefore only take a trade when clear signs indicate an opportunity (in this case a break and retest and possible long wick rejection) .Nasdaq is expected to rise so any sell opportunity will be short term (selling will also be against market long term trend) .Make sure to look at the R1, R2, R3 pivot point lines - as price may bounce or consolidate on them ....................... !!! DONT FORGET TO LIKE AND SUBSCRIBE TO OUR CHANNEL FOR MORE FREE SIGNALS AND TURORIALS !!! ............................
ULong
by MT-Team