ZAR
EUR ZAR SHORT ON DAILYSince September 2018 this pair has been forming new lower lows and higher lows . As of now, there are many confluences that may show some further downside movement. the pair is reaching the 61.8% FIB, which is exactly at the resistance trendline. This would form a new HL
Possible ReversalPossible reversal on JSE:RNI because of the bearish harami that formed at the same level as a previous high/resistance.
Long on RDFI have entered a long position on JSE:RDF as it had formed a bullish harami on Friday which often signifies a reversal. It traded higher this morning and triggered my order.
Aiming for the significant resistance zone around the 1050 area.
Gap to close on ANGJSE:ANG has formed a bearish harami which is a strong reversal signal. This could signify a change of direction to a downward move. There is also a gap to close that formed on the 20th of Feb.
Gaps tend to act as magnets for the price and like to be closed. I have entered a short position and will look to close either once the gap has been closed or further down at 18000. The 18000 level is quite a significant support level, so I wouldn't be surprised if it went down to that level.
EURZAR: Short opportunity on the 1D Lower High.The pair is trading on a long term 1D Channel Down. With both 1D (RSI = 51.944, Highs/Lows = 0.0000) and 1W (RSI = 47.364, Highs/Lows = 0.0000) neutral, we have a strong sell signal on the Channel's Lower High. TP = 14.8000.
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Cup and Handle Trade on INL & INPJSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern.
"As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance." (from Stockcharts.com)
I have entered a long position on today's price action as it has broken through the level at the top of the cup.
To establish the target, I have measured the depth of the cup and extrapolated it upwards which goes all the way to the next resistance level.
THE EXACT SAME STRATEGY CAN BE APPLIED OT JSE:INP
USD ZAR SELL (US DOLLAR - SOUTH AFRICAN RAND)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Bullish News: ZARSupport channel holds with better budgetary news coming out of South Africa for at least until the end of March. Price should rally to top of channel: potential swing trade. RSI swinging to the upside indicating bullish uptrend.
USDZAR short term short and long term longThis one made a big rally the past weeks, even getting above that green zone on the left without hesitation. Now it has some resistance from that channel, but because the move up was so strong, it is becoming more likely that it will break sooner or later. Normally we should see it make a healthy correction first the coming week or so. On the right we can see a possible double top, normally it should stay below the green zone. The max should be around the red zone.
Previous analysis:
Strong Reversal Possibility on NedbankJSE:NED is showing signs of a possible reversal.
A few days ago a bearish harami formed at a very strong resistance level which at the same time formed a double top.
Planning on entering a short position if it trades a bit lower.
USD/ZAR due for a correction soonBad news in South Africa (power utility troubles caused the price to rally extremely high). The situation is somewhat normalized as of now but insolvency issues for the power utility company still persist.
RSI shows super overbought so expect a drop sometime soon after slightly more uptrend and perhaps sideways.
This is still in a strong downtrend on the daily chart so I'm pretty sure the trend will continue.
USD ZAR SHORT.... like my temper ;pYou can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside.
Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy that they have got FREE off the internet in-between w#nking off to p#orn in his mums basement!!!
USDZAR. The corrective structure could have been completedWXYXZ triple three could be completed.
MACD shows bullish divergence
USDZAR - 1b - 181211 - LONG - OANDA - AR - 12H - (RRR 6.93)USDZAR - 1b - 181211 - LONG - OANDA - AR - 12H - (RRR 6.93)
Possible long on PSGJSE:PSG has broken out of the sideways trend that it has been trading in for quite a couple of months. It has formed two higher lows in a row and has broken through the long term resistance and bounced off of it as support.
If the price moves above the last high I will enter a long postion.
ZAR JPY BUY (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
