. HONG KONG (Reuters) -Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+.
Investors are also looking to Chinese policymakers for clues on possible support for the...
Taking a look at ZARJPY in the H1 timeframe, I notice that it's currently at the (X-Y) leg, meeting the 50 EMA. However, it's important to note that the sequence isn't theoretically complete; - it reaches completeness at point Y.
What piques my interest is the possible completion of point (X). This could potentially signal a shift towards a bearish trend leading...
In addition to the Bearish 5-0 I pointed out before on a previous chart, the ZARJPY has also formed a Potential Bearish Head and Shoulders that is visible on timeframes even as high as the monthly with Bearish Divergence on the MACD and RSI. If The Carry Trade truly is to be dissolved, the ZARJPY should be among the currency pairs that are most severely affected,...
We have some Bearish Divergence on the ZARJPY, but the main reason I entered this trade was to speculate against the JPY Carry Trade and front-run the potential flight we may get back to the Yen if Japanese Yields were suddenly to go up or even become uncapped during the BoJ meeting tonight.
I could have shorted EURJPY, GBPJPY, AUDJPY, or USDJPY instead, but I...
Hello,
Welcome to this analysis about ZARJPY, we are looking at the 4-hour timeframe perspectives. As when looking at my chart we can watch there how ZARJPY has developed this bearish wave-count to the downside and has now formed this bearish symmetrical-triangle-formation marked in my chart with the black boundaries. Within this formation, ZARJPY has the...
Very strong setup in this pair, aided by massive positive carry on the long side.
Low risk opportunity in the FX market.
Best of luck!
Cheers,
Ivan Labrie.
📈🚀 ZARJPY: Riding the Bullish Wave 🚀📈
📊 Technical Analysis: Get ready for a potentially bullish ride on the ZARJPY forex currency pair! 🌐📈 The 1-hour chart reveals a strong and clear bullish trend, supported by a bullish trend line. 📈📈 Additionally, the Momentum Indicator RSI shows no signs of divergence, indicating the continuation of the bullish momentum. 🚀💹
📝...
ZARJPY has broken it’s uptrend by forming an Lower Higher and the confirmation was also received on July 4, 2023 when it formed a Lower High hence it is a good short opportunity with stop loss set at previous Higher High.
Hey family, hope you've all been healthy!
This is short and sweet for anyone wondering about how I take my setups.
Hope this helps simplify things for you! Don't forget to boost if you find value, thank you.
Trade well, stay healthy, and lets keep growing through the journey!
1.Bullish Divergence at 4h
2. Bullish divergence also at 1H
2. Price bounced back from Support 1(S1)
Method 1
We can enter at support level 1 for long.
We can put a stop loss below the support 2
We can short it from Resistance 1.
In this case, we can add stop loss above the
resistance level 2
Method 2
We can enter at support level 2 for short.
if it went...
A bearish-type Shark pattern occurred.
If the price rises to 8.342, a bearish-type Nenstar pattern could occur.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
