South African Rand/Japanese Yen

FX

ZARJPY

if we can hold sell for 1 month than more likely we can hit the target

SELL

Every thing has been indicated in chart by its indicators and oscillators

long

Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.

Daily breakout ZarJpy.. trade: long at 7.688 ifd oco tp 8.0440 or sl 7.624

ZARJPY daily, breakout.. trade: long at 7.688 ifd oco tp 8.0440 or sl 7.624

Opening a short a little early... breaking the rules again

The price action has been narrowed down from a Channel Up to a Rising Wedge on 1D (RSI = 63.891, MACD = 0.106, Highs/Lows = 0.0795). Technically every pull back up to 8.000 is a buy towards the 8.550 Resistance (ext. 8.876). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments...

Short at ZARJPY

opportunity to short zarjpy , waiting to get into the zone.

The ZAR/JPY currency pair breached a long-term descending channel north at the beginning of November. The South African Rand has been depreciating against the Japanese Yen since the end of August. This movement has been bounded in a rising wedge. Currently the exchange rate is testing the resistance level formed by the Fibonacci 50.00% retracement at 8.23....

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...

I expect one more bottom test before dropping or price will form a ABC.

Brief analysis on possible upside down pennant forming. Price seems to be rebounding off a solid floor with lower high candle wicks. This is not part of my trading strategy, but chart analysis that I like going through. Nothing too complex.

This is my first attempt to publish a trade using trading view. Any constructive comments are very welcome.

This pair has been trading on a very long term bearish pattern on the 1M chart (RSI = 44.631, MACD = -0.196, Highs/Lows = -0.1826, B/BP = -0.8800) and the neutrality on the 1W chart (5 indicators) suggests that a High has been reached. The bands appear to be widening for the supports, so we are short with TP = 6.700.

Entry: 7.810 Target 7.410 Stop: 8.010 R/R: 2 Simple setup: Rejected at trendline, stoch RSI overbought, stop above 7.95 resistance