Traders, channel just has been broken so this pair should be heading downwards! Good luck! Cheers, Sam
Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement. Currently Below weekly pivot I will enter the market short, using a limit order, in case if the bearish Price action model will appear at the area arround 14.15000
11.800 HAS HELD PRICE YET AGAIN ACTING AS A RESISTANCE TURNED SUPPORT. ITS NOW MADE A MORNING STAR FORMATION AT RESISTANCE TURNED SUPPORT AND ITS ALSO IN CONFLUENCE WITH TREND LINE. A BREAK OF THE COUNTER TRENDLINE AND 12.000 THIS PAIR SHOULD RESUME ITS UPTREND
Looking at the JSE Top 40 and SATRIX I believe that the price will drop in the next 30 days. If Resistance in the 390 region breaks we will see a drop to 370.