Geeves

Geeves

Three bounces in three months from the 21 EMA (FIB)

Geeves

$ZAR - R14.16, weekly chart opened at R14.24. The weekly indicators, MACD, the 10,20 & 50 simple moving averages indicate a strong Greenback to the ZAR.

Geeves

Daily Chart i) 10 sma crossed over the 20 sma ii) MACD (blue line) crossed over the 9 ema of the MACD line Enjoy the UPTREND while it last. Its like rain after a serious drought.

Geeves

Daily Chart The 610 EMA (FIB) and Price Action don't visit each other much but when they do, something is going to happen.

Geeves

Daily Chart Not a good day for the ZAR. The Greenback has support around R13.57, the EMA 55 (FIB). Since the price crossed this EMA middle April, the 55 became a strong support and it just went bad to worse for the ZAR.

Geeves

Monthly Chart What is that curve on the chart? Does it have a name? It was support in April, June & August. In June & August it was support with the 21 EMA (FIB).

Geeves

Daily Chart Bollinger Bands contracting, price action below the 20 sma. Something must give. The 610 ema (FIB) in support, previously tested as support around the end of June, in July and Augustus again. Waiting for confirmation of MACD line crossing.

Geeves

Day Chart Bounce from 200 SMA Last time that happened was 1 Sept 2017.

Geeves

Day Chart Bounce from 200 SMA Last time that happened was 1 Sept 2017.

Geeves

3 Day Chart The 233 EMA (FIB) in support for an extended period, the 144 EMA (FIB) previous support turning into resistance, formed a channel since early June already.

Geeves

Weekly Chart Last week CLOSE R14.65 (previous week R14.06) 10 sma (black) trade above the 20 sma (pink). MACD The 12 ema trade above the 26 ema (blue) (above the histogram in red). All the indicators showing ZAR under immense pressure to the USD.

Geeves

Weekly Chart Lots of factors, not on this chart, playing a role in the USD-ZAR relationship, like - i) Dollar liquidity (contracting) ii) Fed raising interest rates iii) Our own Gov incompetence

Geeves

Weekly Chart Bearish continuation channel it seems? Tough times.

Geeves

Daily Chart Trendline broken, price action currently just above. 20 sma above the 10 sma and the current Heikin Ashi candle indicates downtrend, reversal not in sight yet.

Geeves

Daily Chart Two very tough days for the ZAR. No end in sight just yet. Have a look at those last two candles. Look at the 10 (black line) and 20 (pink line) simple moving averages, I will not call it parabolic just yet, but their positioning is not good news for the ZAR. Danger times ahead.

Geeves

Daily Chart Bitcoin has find its price range and looks very happy. It is back in that channel which it entered 10.6.2018, visited family up North and returned again. Altcoins, get a life. It is time you grow up.

Geeves

Weekly Chart If Weekly Close above R13.99 (which look very likely now), then it will be difficult to stop the weakening of the ZAR. The current weekly candle resting on the 200 sma (blue line), which is not good news for the holders of ZAR.

Geeves

ZRX/BTC Daily Chart Bullish Symmetrical Triangle?