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Southafrica

Two buy opportunities on this chart for USDZARMid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (16.545). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDZAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 17.2610 TP2= @ 17.7630 TP3= @ 18.6940 TP4= @ 19.3420 TP5= @ 21.4450 SL= Break below S3 -------------------------------------------------------------------------------------------------- Short-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (16.784). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDZAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 17.2610 TP2= @ 17.5260 TP3= @ 17.7655 TP4= @ 18.1270 TP5= @ 18.6915 SL= Break below S3 ❤️ 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
14
JSE T0P40I initially predicted a 17% decline on JSE TOP40, the move is well in motion. See link below South Africa has had one of the worse lockdowns in response to covid19 and it resulted in a reported decline of 51% in GDP. The unemployment numbers and number of business bankrupted are not yet publicly available. South Africa also increased its USD debt during this crisis and in a lot of ways money meant for economic recovery was lost to corruption. During this period there's also been increases in social grants and introduction of new ones despite the decrease in production. When more of the data becomes available i think the stock market will keep falling further, though i doubt new lows could be made, but i am very convinced the we could see prices falling to a range of about 34,000 - 35,000. Share your thoughts in the comments below Like and follow for more content Link in related charts Good Luck!!!
JSE:J200Short
by TradingWithTheTrend
3
USDZAR POSSIBLE OHLC MONTHLY (AUGUST) AND YEARLY STRUCTURE Please support this idea with LIKE if you find it useful.. OHLC AUGUST MONTHLY STRUCTURE /OHLC YEARLY STRUCTURE ******************************************************************************* Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
8
EURJPY POSSIBLE OHLC STRUCTURE JULYEURJPY POSSIBLE OHLC STRUCTURE JULY Please support this idea with LIKE if you find it useful.. OHLC JULY MONTHLY STRUCTURE & LONG TERM OLHC YEARLY STRUCTURE MONTHLY VIEW IN DAILY TIMEFRAME Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY.Kindly remember the year also has OLHC structure with price still being bullish . Pirce in the yearly view is currently within the open of the year 'which is January's' open. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
EURZAR POSSIBLE OLHC STRUCTURE JULYPlease support this idea with LIKE if you find it useful.. OLHC JULY MONTHLY STRUCTURE Kindly wait for price to find a strong SUPPORT. We will find confluence with other technical indicators for a VALID BUY ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E Please support this idea with LIKE if you find it useful..
Long
by PeanutButter
1
USDZAR OLHC STRUCTURE JULY & POSSIBLE OHLC CONTINUATION YEARLY Please support this idea with LIKE if you find it useful.. OLHC STRUCTURE FOR MONTH OF JULY & POSSIBLE OHLC CONTINUATION YEARLY SELL SIGNAL 2020 JULY MONTHLY STRUCTURE Kindly wait for price to find a strong SUPPORT Possibly around 16.33390. We will find confluence with other technical indicators for a VALID BUY ENTRY. HOUR 4 POSSIBLE OLHC STRUCTURE. WAIT ON TDI CROSS FOR VALID BUY ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Long
by PeanutButter
1
GBPJPY POSSIBLE OHLC STRUCTURE JULYPlease support this idea with LIKE if you find it useful.. OHLC JULY MONTHLY STRUCTURE Kindly wait for price to find a strong resistance in the daily timeframe. We will find confluence with other technical indicators for a VALID SELL ENTRIES. Price is currently Bullish in a daily timeframe. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
Short
by PeanutButter
XAUEUR POTENTIAL OLHC STRUCTURE FOR THE MONTH OF JUNE 2020Please support this idea with LIKE if you find it useful.. *HIGH Probability Trade* OLHC IN DAILY FOR THE MONTH OHLC IN THE MONTHLY FOR THE YEAR ( will post analysis for this month end ) *********************************************** XAUEUR JUNE MONTHLY STRUCTURE OLHC (POSSIBLE BULLISH MARKET) In the Daily timeframe Price is currently lower than the open confirming OLHC possible structure and also there's a Bullish divergence starting from the 1st of April 2020 to current price. Priceline is also diverged. A strong Buy signal will be the cross of priceline above bloodline and also for the daily candle to close bullish. If it plays out exactly as explained kindly follow these steps in executing a PERFECT BUY ENTRY . In a Hour 4 Timeframe patiently wait for 'OL' and take trades in lower timeframe. OANDA:XAUEUR PATIENCE..
OANDA:XAUEURLong
by PeanutButter
1