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ZARJPY

ZARJPY, Bearish Triangle-Formation, Declines Incoming!Hello, Welcome to this analysis about ZARJPY, we are looking at the 4-hour timeframe perspectives. As when looking at my chart we can watch there how ZARJPY has developed this bearish wave-count to the downside and has now formed this bearish symmetrical-triangle-formation marked in my chart with the black boundaries. Within this formation, ZARJPY has the coherent wave-count almost already completed and has the 100-EMA as strong resistance. All these factors give the indication that the triangle-formation will complete in the next times bearishly to the downside, when this happens it will be the set-up for the bearish continuations to the downside and the activation of the main initial target-zone at the 7.45 level marked in my chart in blue. When this level is reached it has to be elevated how ZARJPY continues and if there comes a potential reversal or further heavy bearish declines will follow up. In this manner, thank you for watching my analysis about ZARJPY and the bearish triangle-formation-breakout likely to come up in the next times with the targets to be activated, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
5
ZARJPY: Riding the Bullish Wave📈🚀 ZARJPY: Riding the Bullish Wave 🚀📈 📊 Technical Analysis: Get ready for a potentially bullish ride on the ZARJPY forex currency pair! 🌐📈 The 1-hour chart reveals a strong and clear bullish trend, supported by a bullish trend line. 📈📈 Additionally, the Momentum Indicator RSI shows no signs of divergence, indicating the continuation of the bullish momentum. 🚀💹 📝 Trade Plan: 🎯 Entry (Fib Retracement): 7.859 🛑 Stop Loss: 7.769 🎯 Take Profit (1:1 Risk-Reward Ratio): 7.949 📊 Rationale: The technical analysis points to an opportune moment to join the bullish trend on ZARJPY. By entering at 7.859, we aim to capitalize on the anticipated upward movement. A well-placed stop-loss at 7.769 ensures risk management and shields against unexpected market fluctuations. 🎯 Take Profit Target: Our take-profit level is set at 7.949, offering a 1:1 risk-reward ratio. This target aligns with a potential resistance area, where profit-taking is prudent. 📈 Trade Smart: As you prepare for this trade, remember to approach the market with discipline and smart risk management. Assess your position size to match your risk tolerance and stay vigilant about market developments. 🔍 Chart Indicators: 📌 Bullish Trend Line 📌 No RSI Divergence ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Forex trading carries inherent risks, and past performance does not guarantee future results. Always conduct your research and seek advice from a qualified financial advisor before making any trading decisions. Trade with confidence and may the markets favor your trades! 🚀🌕 #ZARJPY #BullishTrade #TechnicalAnalysis #ForexTrading #TradeSmart #BullishMomentum #TradingView
Long
by T-Q
A traders’ week ahead playbook: BoE and Powell take centre stageA traders’ week ahead playbook: the BoE and Powell take centre stage The UK gets close attention this week, where we get CPI (21/6 at 4 pm AEST) and the BoE meeting (22/6 at 21:00 AEST). The BoE will almost certainly hike by 25bp, but the move in the GBP comes from the tone of the statement vs the 34bp of hikes priced for the August meeting. GBPUSD is testing 1.2800 and clients are skewed short here. UK swaps pricing – expectations for BoE action In Europe, data is light, but we get 9 ECB speakers with the market firmly of the view they hike on 27 July (the next meeting). EURUSD eyes a push into 1.1000. In the US, we have the Juneteenth holiday on Monday and throughout the week we get spluttering of tier 2 data – building permits, housing starts, existing home sales, leading indicators, jobless claims, S&P Global PMIs – the highlight will be the 11 Fed speakers and most notably Chair Powell who testifies to the House and Senate (22/6 and 23/6 respectively). The market sees one more hike from the Fed and then they’re done, seemingly at odds with the central Fed projection for another 50bp this year - whatever the Fed are selling the market aint buying. Clients are skewed long of USDs and countering the recent USD weakness. In equity land, the NAS100 has broken to new cycle highs, regaining its fine form, having now rallied 4.1% in the past 5 days – the pain trade remains to the upside. The move in the NAS100 only bettered by the beast that is the JPN225, although if you price the NAS100 and we see the index up 5.4% in the past five days (as is the GER40). Not much to look at in Aus, with RBA meeting minutes (20/6 11:30AEST) and RBA speeches from Kent and Bullock. We see 17bp of hikes (a 66% chance) priced for the 4 July RBA meeting. China will play a role in driving the AUD with further easing expected, where the market expects the PBoC to ease the Prime rate (due 20/6 11:15 AEST) – USDCNH has found better sellers of late, which is resonating in a weaker USD across G10 FX, while the HK50 index is working well and crossed the big level 20k – it's been easing city in China in the past 2 weeks and it feels like we’ve hit peak China fear. In Japan another dovish tilt from the BoJ to reaffirm its ultra-dovish stance, and the JPY remains the no.1 funding currency and weakest play in the FX universe – everyone is short to the hilt now. Pull up a daily chart of ZARJPY, it has gained for 12 straight days and is absolutely ripping. One consideration though as we look at Japan CPI this coming week is that Japanese Prime Minister Fumio Kishida announced there would be no snap election - in theory, this offers a chance for the Ueda BoJ to attempt a YCC adjustment at the July meeting – it would be a big deal for FX markets if they moved, but it's debatable. In LATAM the Mex central bank steps up (23/6) and we’ll see if they move further on policy… prior to that, we get CPI and that may influence.
PEPPERSTONE:NAS100
by Pepperstone
USD/ZAR : DAILY PRICE ACTION + HARMONIC GARTLEY 🔔 Welcome back Traders, Investors and Community! Analysis of #USDZAR If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Price action with Double Harmonic Gartley - We will be waiting for all the confirmations to enter in this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
by FOREXN1
5
ZAR/JPY - BUY SET UPIn this video, we take a look at the sharp recovery in the South African Rand against the Japanese Yen. We firstly look at why the Yen got stronger in this exchange rate at the beginning of 2020 when the Covid-19 pandemic cause stock markets to fall and safe-haven demand into Japanese Government Bonds to strengthen the Yen. However, since stocks have staged a strong recovery, we have seen the Yen weaken against Rand. We look at interest rate diffeentials between the two country's and why buying the ZAR/JPY exchange rate is an attractive trade for two reasons. 1.) Positive Interest rate credit of 3.62% over 12 months. 2.) Appreciation in the exchange rate of around 12%, once the exchange rate rises to it's early 2020 high of ¥7.80
Long
by KayansMarkets
ZARJPY Daily Chart. Hold your Horses!!ZAR/JPY, D1 chart. This is for Ichimoku fans :) Today or as of this moment or time, Price is sitting at the Kijun Sen (Baseline) and basing on the last candle we can see that there is lack of movement. Kumo is predicting an upward continuation but I think it will be safer to wait before placing a trade until we see some movement. If you are already holding a position or in a trade, this can be a continuation but also be ready to exit if Price crosses Kijun sen and re-enter if Price goes up again (we never know...). If you can wait it out, probably you are in for more pips ahead :)
by Ronnel