ZARJPY trade ideas
ZAR/JPY GO LONG ZAR/JPY OVERALL DOWN TREND wait for breakout after go long meaning is wait for double buttom nick line trend line breakout for up trend .
ZARJPY Bumb and RetestThese exotic FX pairs are more tricky to trade, but there is a potential nice setup here in the making. It has made a huge drop past 2 months for FA reasons, but there is a chance we might see a bigger consolidation or correction up this time. There was strong move up 2 weeks ago but came back down all the way again, but in a much slower pace though, which could be a sign. Now ideally we see it test that curved shape on the right a bit more coming days, but it is very important to see the green zone hold. If that breaks, anything is possible.
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ZARJPY | LONG | TRADING IDEAIt is possible that the downward trend is ending. At least a strong correction is expected. JPY/USD COT Index 94% - Strong Sell. ZAR/USD COT Index 17% - Strong buy. Can expect that ZAR/JPY will go srtictly north.
ZARJPY Sell signal very long termPattern: Channel Down since 2011.
Signal: Bearish as the new Lower Low leg is still halfway through.
Target: 4.400.
ZARJPY Bullish SetupZARJPY 3-Hourly, price is above the 20 and 50 MAs being trailed by a bullish 9MA, so bullish sentiments in bearish Trend. The Trend here is bearish.
We see strong highs, but what stands out is the bullish wick rejection that happened 9 Mar 2020.
Bullish interests, followed on Heikin Ashi at best.
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.
ZAR/JPY my forgotten Exotic Currency PairZAR/JPY is an exotic currency pair that I do not trade very often.
But I see an impulse wave carrying price up to resistance.
Price touched the .618 very cleanly and moved up.
UPDATE - ZARJPY: Confirmation of trendTarget: $6.5
Position: Risk Free
Catalyst: Inflation data from Japan exceeds expectations.
