The USDZAR is at a confluence zone of trendline, resistance and retest of broken channel. We can sell the USDZAR with proper risk and trade management. Thanks and good luck. Please do well to like, comment and follow for more analyses and educational contents.
Hi All, Inverse H&S has presented itself on this pair and we will be looking to activate our long position until Jan 2022. Entry and Sl marked. Likes and comments welcome.
The bearish trend has been followed. Although some adjustments/corrections are there but the trend seems to follow. Short selling with a prudent stop loss advised.
JSE:ABG formed a bearish harami on the 4th of October which is a top reversal signal. This week, the momentum has been confirmed by the crossing downwards of the stochastic. The MACD and the EMAs look like they are on the verge of crossing down too which will be a further confirmation of the downward move.
JSE:SUI has made a strong upward move in the last two days. It is up over 11% in just today's price action. Currently it is trading at a strong trendline. It could either bounce off and make it's way down before turning up again, but if it breaks through, I think we can potentially see an extended upward move.
A bullish harami pattern has formed at a strong support level on JSE:RNI . This is a strong bullish signal and coupled with the strong support level, I think we could see a nice move upwards towards the resistance at around the 29000 level.
OANDA:USDZAR This requires a quick action. PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Looking forward to a drop on thee pair after 3 touches to thee upside
Nice long entry on a W(double bottom) setupe executed on the 07 September
JSE:EXX has been trading in an upward channel since the big gap that was formed towards the end of April. It reached the bottom of the channel and formed a bullish harami pattern as it reached the support level. This candle pattern is a strong bottom reversal pattern and could be a sign of a reversal. This, coupled with the bottom of the channel could mean we...
JSE:VOD formed a hammer candle on the 13th of September which also happens to form part of a bullish harami pattern. Both are strong bullish signals. I think we could see a move up to at least the previous high at around 14500. If it breaks through this level and confirms we could see a continuation to form even higher highs.
JSE:ANH is showing signs of upward momentum and we could see a move up to around the 92000 resistance level, if not higher. The stochastic and MACD both crossed upwards on the 17th of September and then the two EMA's have crossed upwards earlier this week.
JSE:NPN has formed what could turn into a double bottom pattern. It formed a bottom on the 23rd of August and then again on the 15th of September. If it breaks through the high formed on the 7th of September, the pattern will be confirmed and then I think we could see a move up towards the resistance level at around 300000. A long with the current move, it is...
USDZAR short: My analysis Overall Down trend Fib 61.8 on 4hour timeframe Daily zone
Although not confirmed yet, JSE:NED seems to be forming a double top pattern. Here is the definition of a double top from investopedia: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls...
JSE:BVT has been trading in a nice upward channel since November last year. It is currently trading just below the middle of the channel and seems to be on its way up. It is also showing some good signs of upward momentum based on the stochastic, MACD and the two EMAs that are crossing based on today's price action so far. If the momentum continues, I think we...
JSE:MCG is showing signs of great upward momentum. The stochastic and MACD indicators turned up last week and the two EMA's crossed in an upward direction yesterday as the final trigger for a long trade. We could see a love up towards the 12500 resistance level, and if it breaks through that level, we could potentially see it going all the way towards the...
JSE:WHL has ticked all of the "indicator boxes" to signal a short trade. The EMA's crossed on Friday last week which was the final trigger sign along with the Stochastic and the MACD crossing downwards a few days earlier. Today, so far, the price seems to be slightly up, but if it breaks through the lows formed on Friday, I will enter a short position.