ZAR
UsdZar Sell Day trade ONLY . Hi All ,
A short trade on this pair for a day trade. We expect 70-110pips before a small bullish run to test the previous high where we would look for a mid term short of 300-400pips extension .
Many Thanks
USDZAR 50 % retracement completedUSDZAR is in global uptrend. But no instrument moves in straight lines. What we have witnessed was 50 % retracement and now its forming a clear fry pan bottom (also called Bump and run reversal bottom in Bulkowski's encyclopedia of Chart patterns) reversal pattern, right above 50 % global trend fibonacci level. Pring´s KST confirms the reversal.
USDZAR Possible Downtrend ContinuationPrice hits a falling trendline resistance and might continue the prevailing trend if this resistance holds.
GBPZARCorona virus socializing restrictions have me over analyzing which is bad for trading mentality...last one tonight, just a thought.
NEWGOLD - Continuation pattern Breakout- As the rand weakens and gold price is increasing, this ETF has been a solid performer
- Price has broken out of the diamond pattern and signals a continuation of the current up trend
JSE:GLD
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
EURZAR is close to the Historical 4-Years High!I don't like to trade such instruments but we can see such levels rarely that's why I post it.
The price bounced down after the false breakout of Historical High.
This chart for that people why don't "believe" in levels))
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Is the South African Rand exortic enoughI am looking for long opportunities on EURZAR and what I like about exotic pairs is that they hardly range, they are always trending and soaring like an eagle, up the sky. I am targeting the A=C level. With the number of increasing Corona virus case in South Africa I think the South African Rand (ZAR) will be severely affected.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a possible continuation pattern to the downside.
Wait for the price to complete the pattern and watch strong price action for sell.
usdzar longwith 13 confirmed coronavirus cases we might see the South African rand shooting straight to R18.00 to the dollar.
Wait for induction in London - - USD/ZARwe have to wait for the induction that London presents for the reversal it can give us New York on the reverse
Head & Shoulders on NaspersJSE:NPN has formed a head and shoulders pattern and we could be looking at a nice downward move if it continues downward through the neckline.
IMP - Bullish EngulfingJust by purely looking at the charts, JSE:IMP has formed a bullish engulfing chart pattern and we could see an upward move confirmed by the stochastic.
I am remaining cautious as the world markets are all majorly down this morning, so I will definitely wait for a solid confirmation before entering long.
Caida del USD contra el ZARAl parecer segun la subida que tuvo el USD ante el ZAR este puede estar recuperando por un alto importante que acaba de tocar , al parecer podemos esperar que agarre fuerza hacia la baja para seguir subiendo en una temporalidad mas macro.
H&S Target reached and failed to confirm a break of support.JSE:MCG formed a Head & Shoulders pattern between March and December 2019, which played out nicely and reached it's target which perfectly coincided with the lowest low of 9031 from 6 March 2019. With yesterday's movement, it broke slightly lower, but retraced and failed to confirm with the close of the candle. Failing to confirm below this low could mean a possible upward move. I will wait for confirmation before entering a long position.
Discovery failed to break support levelJSE:DSY has failed to make lower lows on a support level formed in August last year. The Stochastic is confirming a possible change of trend as well, so I will consider entering a long position if confirmed with today's movement.
Bullish Engulfing pattern on ABGWith yesterday's movement JSE:ABG formed a massive engulfing candle. The stochastic has confirmed this with a move upwards through the 20 line. I will consider entering a long position if confirmed for a move up to the resistance level at the previous high.
"USDZAR: Short Setup" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline and made a Pullback to it.
- Now, it is on a correction.
- If price breaks the correction, potential to move down towards the Support Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
Seguimiento de tendencia Bajista del ZARdespues de una inducción al alsa para buscar el toque de tendencia y seguir con su tendencia a la baja.
ridethepig | ZAR Market Commentary 2020.02.17Here tracking for a very technical pullback after a test of last week's open. Positioning is incredible stretched meaning the tree can be shaken at any minute, I want to get long USDZAR but reluctant to chase anything at these levels. Tracking a pullback into the 14.7x jurisdictions before doing anymore business here.
A similar move for those tracking USDTRY:
A breakdown is not necessary or fundamentally attractive in both TRY and ZAR, sitting tight and looking for cheaper levels in both makes sense to me. Market might give some of the high beta currencies a bid in the illiquid flows before EM FX receives a major hammer later in the week.
EURZAR Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as the pattern is close to making a Higher Low. Confirmation comes once the RSI tests the symmetrical Support Zone.
Target: 16.7500 (just below the Symmetrical Resistance).
Previous targets hit:
