MalusiKhumalo

MalusiKhumalo

The pair has broken out of the ascending channel and has created a head and shoulders structure. Look for brief correction before shorting.

MalusiKhumalo

Same sentiment but different analysis on this pair. Fibo retracement from the March impulse high of 0.949 shows the pair has been on a deep retracement to the 0.618 level. However there may be a retest of the 0.917 June high before tumbling down.

MalusiKhumalo

Same short sentiment but different analysis on this pair. Fibo retracement from the March impulse high of 0.949 shows the pair has been on a deep retracement to the 0.618 level (also on the trend line). However there may be a retest of the most recent 0.917 June high before tumbling down.

MalusiKhumalo

The price is testing the 0.913 level for the third time. A rejection will form a triple top and break below the neck line at 0.908 will confirm bears.

MalusiKhumalo

As you can see on the daily chart the pair broke out from the ascending trendline and is possibly caught in a wide range between 1.267 and 1.226 (2). There's also a possibility of a break above the strong 1.267 resistance with a likely retest of the 1.28 level.

MalusiKhumalo

Possible bat formation on this pair with a 5 wave sequence completion. A possible slide from this current .907/.909 resistance area but await confirmation in bearish candle formation