The pair is hanging a bit, and likely may undergo some pressure. The GOLD price is steady and keeping firm, and the stochastic is negative. Strategy SELL @ 18.8350-18.8750 and place SL above 18.9150 and take profit @ 18.6750.
It does not look convincing for up move, as the stochastic eventhough possive, it is turning a bit, plus GOLD if firmer. Strategy SELL @ 18.7900-18.8350 and place SL above 18.9500 and take profit @ 18.6750.
A possible sell move might agressively take place in the near future. Happy trading.
usdzar gave a good rejection from that resistance, with divergence valid for a 1:2 sell
Here we are looking at the Pivot Point and the price is trading right at this important level. There are up coming elections in South Africa later this year and this will have a major impact on the value of this currency pair. Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead,...
The pair has indeed broken through the expected 18.8500 area, and the scenario played out well. the decline did not go a sharp as I wanted it to be, as the 18.6500 has not met as yet. The parallel channel shows we have a range of 18.6700 - 18.8900 and this will be the paying field for coming sessions is my feel. Ultimately we should see 18.6000 GANN test I...
We might see R20 a dollar before continuation down to 13 etc, but if not the case then from where the price currently is then we might continue dropping. Shared an Idea on Monthly, and this is how Weekly looks.
On the H4 chart the price movement confirms that there will be a pullback on rand against yhe dollar to 18.717... yhen the price will look up on 19.10.... for a retest to give the market a sideways movement for the next 5 months... On the other side the H1 is showing a break for the bulls on the moving avarage and giving the price strength to push up with the...
The WXY correction is left with the y leg. the USD is bearish both fundamentally and technically. there is a short significant ZAR upside to make the sell a very attractive opportunity.
We abort the BUY for now without cost. The pair is dancing on the GANN support 18.8500 area, and a break means much lower levels to be seen. The pattern is also showing a kind of continuation pattern downwards. Strategy SELL curerent 18.8500-18.9000 area and place SL above 19.0550 for. Now based on expectation, sharp move lower is possible so profit order maybe...
Zar seems to be overbought and forming a DT. Price is currently at a supply zone. Last week we saw heavy demand and a break upwards after distribution.
The pair broker 18.9750 which was my cut out point, when long, and as updated it would test 18.8700, which it did. Now we have bounced of GANN support 18.8100 estimated area (it shifts over time upwards). Stochastic is low, but not positive as yet, but I feel we will see higher levels again in coming sessions. Strategy BUY 18.8500-18.8750 area (suggested), and...
1- Bearish Divergence on RSI Indicator Bearish Divergence on MACD MAs and Histogram 2- Followed by Convergence on MACD Histogram ( formation of New Low ) The price action suggests a typical Scenario of Divergence followed by Convergence. Therefore, we can expect; 1- Pullback ( ~ 50% Fibo Retracement ) 2- Followed by further continuation to the downside
This pair is trading in a bullish trend. Continuation from 18.8 all the way to 19.5 and possibly beyond.
The pattern looks indecisive and this means we may move back up again. I feel that is in a neutral range state before we move lower. Strategy BUY @ 19.0150-19.0450 and take profit @ 19.1150 area. SL I feel to keep it tight below 18.9750 for now.
The pair has indeed respected above 19.2000 area, and thereafter it went south. The strange looking s/h/s pattern is forming, and I feel we have a chance to see 18.8000 again. Strategy SELL @ 19.12-19.18 and place SL above 19.2800 now. Profit order let's say @ 18.8150 now.
All analysis are strictly based on price action movement from the DAILY and 4HR TF. Detailed description of analysis can be found on the chart. All input is greatly appreciated !