Double Tap - two trend line confirmation. Could this be a turning point for a stronger South African Rand over the next few months
good evening for all as we see gbp/zar in correction zone also in resistece level i 4h timeframe just we need to wait to break this ressistence and im gonna look to buy final target to hit 21,74300
Massive Falling Wedge has formed on the weekly... We are near a breakout level, which we can only hope it doesn't breach. If it breaks above R20.35, then the next target will be R25.00. This most likely will only hit in around 2024 though so let's not be too worried just yet. Long term analysis
Obviously, But with predominant Downtrend. So, I dont think it will fly LONG. Either tabs opened anyways
The World Bank agreed to disburse a loan of 454.4 million euros to help South Africa buy a coronavirus vaccine. South Africa's Ministry of Finance and Banking confirmed this news in a statement. South Africa is recorded as the country with the highest number of coronavirus cases and deaths from Covid-19 on the African continent. There are more than 3.9 million...
Crude Chart pattern shown for suggestions I expect a LONG in the end, perhaps a transient pullback first.
GBPZAR on the 4h chart is trading above a minor support. According to Plancton's strategy If the price will break below and satisfy the ACADEMY rules we wills et a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...
Time to play a bounce on GBPZAR off of the upward sloping support in this well established channel: UK GDP figures out on the 22nd of Dec so could introduce some volatility if there is a big miss Target is 22.22 over the next 2 weeks Stop loss around 20.40 Next level of resistance @ 21.30 Good Risk Reward here! Boom, @theRaggy
GBPZAR has been good soup for quite a while At this level, price may either bounce LONG or breakthrough the support to form a new one.
The forecast for the GBP/ZAR remains bullish after this currency pair finished a minor correction. Can bulls take advantage of upside pressures and force the GBP/ZAR into its next horizontal resistance area? Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own...
GBPZAR mine own perspective so what's your consideration on the price movement please comment in the below section ? I believe that. So what is your expectations in comment below. So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan Learn forex then thought to does earn Stay With me Stay With trading
A simple Elliott Chart suggests a GBPZAR exchange rate of somewhere around R15 to the Pound in the coming months. I would suggest this would be a case of Pound weakness rather than Rand strength. Lets wait and see
This has just retraced to offer another buying opportunity before this continues to recover back to the all time highs and beyond. For the best entry use 4HR timeframe with MACD and 10/20 EMA and look for signs that the retrace is complete.
This has nicely bounced off the support level I previously reported on. Now looking for this to rise past the most recent highs on its way back to 23 levels. Good entry points will be any retrace from its current position or if it breaks the most recent highs on the 11th and 12th Jan then can enter a trade on the retrace to test that as a support.
The correction in GBP/ZAR has completed, it has rebounded from the monthly support area indicated. I think there will be a slight retrace coming before continuing to grow back to the all time highs and beyond.
Hi community GBPZAR is at the low now, so join the bulls to push the price up