A high reward GBP/ZAR selling opportunityThe markert has completed a running flat correction and therefore wave C is expected. the pound is very bearish and will be for months to come.
🔥 GBPZAR: Curve Analysis (6W) 🔥SLO2 @ 24.40 ⏳
SLO1 @ 23.90 ⏳
TP1 @ 20.15
TP2 @ 17.75
TP3 @ 16.00
TP4 @ 13.25
BLO @ 12.50 ⏳
ADDITIONAL INFO:
🤔 If this HTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short
🏆 POSITION TRADERS: +45.70% or 111,500 pip OPPORTUNITY (max)‼️
✍️ NOTE: Each TP is a POC where
GBPZARHigh changes for downtrend because 4 hour and 1 hour both trend is down. Caution GBP news may change direction or liquidity grab.
GBPZAR short setup.This pair has just completed an ending diagonal reversal pattern , complemented by divergence. Looking to short it and targeting R22/Pound.
GBPZAR November 19th, 2023The Chicago Mercantile Exchange's Commitments of Traders (COT) report for the week ending November 14, 2023, shows that there are signs of weakness for the British pound (GBP).
Non-commercial traders, which are typically hedge funds and other large institutional investors, reduced their long positi
GBP-ZAR - Keylevels - DailyThese are the keylevels on daily for GBP-ZAR, there is still in a bearish trend , and if you want a confirmation, just move on weekly.
gbpzar looking bearish seems like getting ready for downside breakout
formed ascending channel in daily timeframe and expecting downside breakout incase of successful breakout expecting bearish wave towards 21
keep eyes on for breakout
Bullish FlagAs the bullish flag suggest that the the bullish trend will continue al it does not hv any divergence
GBPZAR bullish idea (scenario-1)GBPZAR cup & handle pattern found as per 1H, it's already tp-1 achieved, still we can enter after break higher high up to TP-2 as marked. It's scenario-1, I will analyses bigger time frame 4H, 4h telling another story.
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Frequently Asked Questions
The current rate of GBPZAR is 23.94566 ZAR — it has increased by 0.04% in the past 24 hours.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPZAR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
The term volatility describes the risk related to the changes in an asset's value. GBPZAR has the volatility rating of 0.16%. Track all currencies' changes with our live forex heatmap and prepare for markets volatility.
The GBPZAR showed a 1.12% rise over the past week, the month change is a 0.39% rise, and over the last year it has increased by 5.44%.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPZAR technical analysis. The technical rating for the pair is strong buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPZAR shows the strong buy signal, and 1 month rating is buy. See more of GBPZAR technicals for a more comprehensive analysis.
The value of the GBPZAR pair is quoted as 1 GBP per x ZAR. For example, if the pair is trading at 1.50, it means it takes 1.5 ZAR to buy 1 GBP.