📈🚀 ZARJPY: Riding the Bullish Wave 🚀📈
📊 Technical Analysis: Get ready for a potentially bullish ride on the ZARJPY forex currency pair! 🌐📈 The 1-hour chart reveals a strong and clear bullish trend, supported by a bullish trend line. 📈📈 Additionally, the Momentum Indicator RSI shows no signs of divergence, indicating the continuation of the bullish momentum. 🚀💹
📝...
In this video, we take a look at the sharp recovery in the South African Rand against the Japanese Yen.
We firstly look at why the Yen got stronger in this exchange rate at the beginning of 2020 when the Covid-19 pandemic cause stock markets to fall and safe-haven demand into Japanese Government Bonds to strengthen the Yen.
However, since stocks have staged a...
I see a bearish rising wedge and divergences on histogram for Zar/Jpy.
You can sell Zar/Jpy now or you can wait for an inclined support of rising wedge to be broken.
Profit Targets:
8,0
7,81
**If the support of wedge is broken, our ultimate profit target will be 7,1.
Rising wedge example:
i.investopedia.com
Stoploss:
8.4
Trade with less leverage(5x,10x) ,...
