TheBankTrader

TheBankTrader

USDZAR seems to be forming a possible head and shoulder pattern on the daily time frame. Should price break the neckline, we will initiate a buy order

TheBankTrader

USDZAR Seems to have formed a downtrend. We will be looking for a final push down to the 12.64 area before the pair becomes bullish.

TheBankTrader Updated 

Price is in the overbought region and is currently in a bearish divergence. Wait for CSI(candle stick info) before placing a trade.

TheBankTrader

1 hourly and 4 hourly are heading toward a strong daily resistance area coupled with a supply area. Although we see the supply area tested many times, it is holding. Overall bearish daily outlook. The 1Hr has broken its steep uptrend, now we just wait for 4Hr trend line break. Once this is confirmed, we will look for the ideal 1hr retracement or breakout trade to...

TheBankTrader

Price is in bullish divergence and in the over sold region.

TheBankTrader

Price is in a bearish divergence and could fall to next support.

TheBankTrader Updated 

Price is in the over bought region and in bearish divergence.

TheBankTrader

Sell USDCHF - price is over bought on 60min. Small divergence on 60 min chart as well as resistance.

TheBankTrader

Price has hit resistance and is in the over bought region. There is also bearish divergence on the 1hour chart

TheBankTrader

Price is in the over bough region and currently experience bearish divergence on the 4 hour and daily chart. We expect price to fall. Price is also bouncing off a dawntrend line on the daily chart.

TheBankTrader

Price is entering a previos supply/sell zone so we should look to short here. The MACD is suggesting further bullish moves due the fact that there is bullish divergence. We could see price move up a little till the divergence is satisfied before we see any bearish moves. Wait for CSI(Candle Stick Info) befor entering a sell.

TheBankTrader

Price is currently in a bearish divergence and in the over bought region. We also have price in a rising wedge which could mean further bearish movememnt.

TheBankTrader

Price is bouncing off demand zone and we could see bullish movement. Trade idea is to sell at CMP(Current marke price) with stop loss at 0.652p and take profit at 0.6728.

TheBankTrader

Price could fall to the nearest support before a reversal can be seen. With the technical weakness in the $Index we could see some bearish movement. On the daily charts, Price is entering the buy fib zones. We would wait for proper Candle stick info before entering.

TheBankTrader Updated 

Good previous support and resistance levels. Also some fibonacci convergence. After the brilliant trade we just took on the pair, I can see another one coming up. I have already entered it, but lets see what happens.

TheBankTrader Updated 

Price has found some support and is currently ranging. There is bullish divergence on the hourly, 4 hourly and daily chart which could help our long position. On the fundemental side, today President JZ speaks which might also give flight to our buy. Based on past instances, JZ always made the rand weaker when he spoke.

TheBankTrader Updated 

We have bullish divergence on the hourly and price has found support. As we know price is fractal so we could see a repeat of movement in price as it happened the last time it was in this support area. We also see a decline in Crude which will help this long position. Canadian Dollar is effected by the movement of crude. On the Crude chart we see bearish...

TheBankTrader Updated 

Price is moving into the over sold region. We could see price turn and have bullish movement once in this over sold region. We have a pending order at 1.42613 with our stop loss at 1.420( just below support) and take profit at 1.43979(resistance).