Geeves

Geeves

Indicators suggest another day or two in the triangle

Geeves

Daily Chart The RSIs indicating "overbought" so there will be a bit of a correction in the price of brent crude oil over the next day or two. Further indicating Brent Crude Oil relationship with the 200 Daily Moving Average from Apr '16.

Geeves

Indicators of preference - Stoch RSI with the RSI and the Bollinger Bands. Each of you have your own style.

Geeves

Indicating Brent Crude Oil relationship with the 200 Daily Moving Average from Apr '16.

Geeves

Double Zig Zag Correction 5-3-5-3-5-3-3-5

Geeves

1-Day Chart I identified 3 occasions where the 20 dma crossed over the 50 dma. That is very Bullish. The bounce of the 200 dma is further indication of tough times ahead.

Geeves

1-Day Chart I identified 3 occasions where the 20 dma crossed over the 50 dma. That is very Bullish. We did discussed the bounce of the 200 dma before, further Bullish confirmation.

Geeves

1-Hour Chart Elliot Wave - Double Zig Zag Correction 5-3-5-3-5-3-5

Geeves

Daily Chart Fibonacci 38.2% is prominent in the Correction of USDZAR with 26 Feb '18 as the starting point.

Geeves

The 3-Day Chart The 233 EMA in support and been tested before. Strong resistance around $5800. (Not showing here but the 200 SMA in that region as well as resistance.)

Geeves

The chart showing the 200 dma crossing the 50 dma & the 350 dma crossing over the 200 dma. For $BTC to be seen as bullish again both those crosses must be reversed. We might be months away from either.

Geeves

3-Day Chart Fibonacci 70.60% at $6 320 stopped the fall 200 SMA in support around $5976 $BTC back in the channel it entered early June.

Geeves

Monthly chart Some believe a 2019 target for the USD/ZAR can be R24. IMO it is just guesswork, it can be better or worse. Political willpower & education will be key.

Geeves

Daily Chart & the 200 SMA The bounce-effect from the 200 SMA illustrated.

Geeves

200 SMA tilting upwards

Geeves

The shorter time frame moving averages lined up under the price action. Other indicators in sync. The ZAR in for some punishment.

Geeves

Weekly Chart USDZAR and the history of the 200 SMA as support since May 2012. The support got tested a few times, broken and retested again. Not good news for the holders of ZAR.

Geeves

233 EMA (FIB) (3-Day Chart) in SUPPORT over an extended period!!