SOUTH AFRICAN RAND / BRITISH POUND

ZARGBP
 
     
 
     
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ZARGBP Forex Chart

 

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RudiMarin RudiMarin PRO (ZAREUR+ZARGBP+ZARUSD+ZARNZD+ZARCAD+ZARJPY/8)/6, W, Short ,
(ZAREUR+ZARGBP+ZARUSD+ZARNZD+ZARCAD+ZARJPY/8)/6: South African Rand at risk of resuming its downtrend. #ZAR
South African Rand at risk of resuming its downtrend. #ZAR

The Rand has been in a Long Term downtrend. After breaking out a rising channel, which looked corrective, it now appears ready to resume lower.

olly_price olly_price ZARGBP, 240, Long ,
ZARGBP: Cypher formation on ZARGBP
29 4 2
ZARGBP, 240 Long
Cypher formation on ZARGBP

Enter at 0.0448.

olly_price olly_price ZARGBP, 240, Long ,
ZARGBP: Perfect ascending triangle on South African rand
53 0 2
ZARGBP, 240 Long
Perfect ascending triangle on South African rand

6 perfect hit points on both support and resistance for this ascending triangle. I will buy a break to the upside, with profit targets based on previous structure support. I define a break here as a close above the resistance (although this does change slightly from chart to chart, depending on a number of factors). Zoom out to view more profit targets from ...

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