When looking at the regression lines from the past few months this pair has the potential to drop further as indicated.
Now it is time for me to get out of here. Will look for another entry after dust is settled.
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.
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 example: i.investopedia.com Stoploss: 8.4 Trade with less leverage(5x,10x) ,...
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 and likes are greatly appreciated.
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....
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.
The ZAR/JPY currency pair has re-tested the upper boundary of a medium-term ascending channel twice since the beginning of October. As apparent on the chart, the pair is currently trading near the upper channel line located circa 7.95. Given that the pair is supported by the 55– and 100-hour SMAs near 7.85, it is expected that a breakout north occurs in the...
The South African Rand has been appreciating against the Japanese Yen since the beginning of September after the pair reversed from the lower boundary of a medium-term channel at 7.12. As apparent on the chart, the pair is trading near the upper channel line. From the theoretical point of view, a reversal could occur in the nearest future. Technical indicators...
=> EM is back under pressure on the on the headlines and South Africa are one more time shooting themselves by proceeding the bill passing expropriation of land. => When a country does this, your currency is going one way. Land reform is going to keep ZAR vulnerable in an already challenging EM climate. => JPY will receive the safe haven flows via risk sentiment => GL
Using Ichimoku, No much volatility or volume on this pair, but reacts to major economic changes. Seems to follows stochastics on short time terms and the trend on the long run. I would appreciate if someone would publish a more scientific analysis. Thank you for taking to view this idea and I look forward to view yours about ZARJPY as soon as possible. OANDA:ZARJP Y
The South African Rand began appreciating against the Japanese Yen mid-July when it reversed from the senior channel circa 7.88. The rate peaked at 8.55 a few weeks prior to heading back lower. The Rand is currently testing the 55-period (4H) and 100-hour SMAs near 8.40. If this support cluster remains intact during the following hours, it is expected that the...
ZARJPY is approaching the Lower High limit on the 1D Channel Down (RSI = 47.58, MACD = -0.108). This is a solid medium term short opportunity for the November 13, 2017 low = 7.774 and 7.654 in extension.