These exotic FX pairs are more tricky to trade, but there is a potential nice setup here in the making. It has made a huge drop past 2 months for FA reasons, but there is a chance we might see a bigger consolidation or correction up this time. There was strong move up 2 weeks ago but came back down all the way again, but in a much slower pace though, which could...
Adam&EVE is forming. 6.092 is the breakout resistance of the pattern.
ZAR JPY...I am speechless. Bullish interests.
Broken channel, then it looks to be retesting if it bounces from there look to go long.
It is possible that the downward trend is ending. At least a strong correction is expected. JPY/USD COT Index 94% - Strong Sell. ZAR/USD COT Index 17% - Strong buy. Can expect that ZAR/JPY will go srtictly north.
Pattern: Channel Down since 2011. Signal: Bearish as the new Lower Low leg is still halfway through. Target: 4.400.
ZARJPY 3-Hourly, price is above the 20 and 50 MAs being trailed by a bullish 9MA, so bullish sentiments in bearish Trend. The Trend here is bearish. We see strong highs, but what stands out is the bullish wick rejection that happened 9 Mar 2020. Bullish interests, followed on Heikin Ashi at best.
Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ZAR/JPY is an exotic currency pair that I do not trade very often. But I see an impulse wave carrying price up to resistance. Price touched the .618 very cleanly and moved up.