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ZARJPY

ZARJPY - Very BearishMoving average crossovers are always interesting, so let’s start there: ZAR/JPY crossed below its 100 and 200 day moving averages yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 3.7 pips away. Related to the moving average crossover is that ZAR/JPY may have broken its trend on the 14 day basis, as the trend’s momentum appears to be slowing down. Volatility for ZAR/JPY has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Short
by UnknownUnicorn1321512
ANOTHER EXOTIC WITH PENGUINS PLAY:) ZARJPY 7/12/2019 Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
2
ZARJPY bottoming patternLike what I see here on ZARJPY. On the daily chart, we can see we hit a major support zone. On the 4 hour, we have been in a downtrend with lower highs and lower lows. However, the downtrend seems to be exhausting. We are seeing a double bottom here and even possibly a head and shoulders if we reject the neckline depicted and make a higher low. I would await for a nice break and close above the 7.075 zone. USDZAR is quite interesting as well. Perhaps some Rand strength in the short term.
Long
by Uncharted-FX
ZAR/JPY 1H Chart: Rising wedge in sightThe ZAR/JPY currency pair breached a long-term descending channel north at the beginning of November. The South African Rand has been depreciating against the Japanese Yen since the end of August. This movement has been bounded in a rising wedge. Currently the exchange rate is testing the resistance level formed by the Fibonacci 50.00% retracement at 8.23. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, it is expected that the pair target the upper wedge line located circa 8.46 in the nearest future. If given wedge holds, it is likely that a reversal south occurs within the following trading sessions.
by UnknownUnicorn890690