For the ZARJPY lovers here is a good Bullish Butterfly on the 4hr....though not many people might want to speculate on it...the spread is a bit high. But for those taking this one look for bullish evidence and use proper money management. Cheers
The South African Rand has been trading in a channel down against the Japanese Yen during the past three months. Two junior channels were also formed along the way. The most recent test of the senior channel occurred earlier this week when the Rand reversed from the 9.10 mark. The rate has since breached the 55– and 100-hour SMAs and is currently approaching the...
The ZAR/JPY exchange rate has been trading in the 8.79/9.27 range since mid-December. Its southern barrier was tested two weeks ago when the Rand reversed from its three-month low of 8.79. The given currency pair has since been trading in an ascending channel. It seems that the rate might be reluctant to reach its upper line, thus pointing to a possible breakout...
After hitting the 2017 low of 7.77 mid-November, the South African Rand started to appreciate against the Yen in a channel up. During the past weeks, however, the pair has been trading in the 8.85/9.25 area, thus failing to form a distinctive wave up. The Rand has spent the past few trading sessions along the senior channel line. In addition, it is trading near...
ZARJPY also has great potential for making money. Wait for flag confirmation, then sell. the trend is going down.
ZAR/JPY 4H Chart: Climbs towards 8.40 The South African Rand is actively appreciating against the Japanese Yen in a one-month long ascending channel. The pattern represents a part of a larger falling wedge formation. Accordingly, the surge is expected to continue. This assumption is supported by the rising 55-, 100- and 200-period SMAs that are moving along...
Downside risks have dominated ZAR/JPY both in the long and medium term. The most senior pattern is a falling wedge in force since late November, 2016. A more recent bearish pattern is a three-month channel down that guided the rate from one wedge boundary to the other. After testing the 7.80 mark, the South African Rand began a new wave up in the medium pattern—a...
The South African Rand has weakened against the Japanese Yen for the last six weeks—a movement which has been confined in a descending channel. During its last wave up, the pair has formed an ascending wedge. It is expected that this pattern is breached in this session and, given its bearish characteristics, a breakout is likely to occur to the downside. This...
Generally speaking last week (Friday mostly) the South African Rand lost lots of ground against most currencies and I would consider the move as an impulse that should see follow through. ZARJPY is in a long term downtrend and could resume it very soon. More details below.
Expecting price to hit 618 level. Price currently holding on 100 average.
ZARJPY is in bearish trend within a LT (bullish) falling wedge reversal pattern. I do not think it is ready to break higher and I expect another large leg lower to retest the bottom of the wedge. Currently near resistance, it offers a great Risk Reward Ratio for a short.
Hello everyone, we have an opportunity to SHORT this pair. I have highlighted the targets on the chart. For any questions leave a comment or DM me. Good Luck
Order expires on 01/31/2017, 10 minutes before market close.
I am looking to position myself for positive gold moves, and inflation threads. I belive this way FX_IDC:ZARJPY we can get very good reward and less risk than trading directly gold or silver. Investors are not fully discounting this instrument as there are political problems in Africa.
FX:ZARJPY Safe Trades;
FX:ZARJPY Safe Trades;
FX:ZARJPY Safe Trades;