Kom igång
SteynTrade

USDZAR: Wyckoff Distribution: Rand is strengthening

Kort
Amerikanska dollar / Sydafrikanska rand (OANDA:USDZAR)  
SteynTrade Uppdaterad   
OANDA:USDZAR   Amerikanska dollar / Sydafrikanska rand
Support and Resistance Supply and Demand Volume jse USDZAR wyckoff distribution
3
0
supportandresistance supplyanddemand volumestudies jse usdzar wyckoff distribution
USDZAR seems to be going through a typical Wyckoff distribution after an uptrend. A Buying Climax (BC) occurred on high volume and a throw over of the overbought line. We see low volumes on advances and higher volumes on declines. Volumes at the top of the range has been high but decreasing on subsequent tests of the highs. A Upthrust after Distribution (UTAD) has occurred and a lower volume Last point of Supply (LPSY). Divergence with the OBV is also seen. Using a Point and Figure count (see below comment) a target between 12.3 and 13.6 can be set.
Kommentera:
Kommentera:
The Rand has found resistance at the 50Day SMA. With supply drying up as seen in the volume and Volume RSI. We could bee looking for a break of the distribution trading range.
snapshot

Liknande idéer

SteynTrade
JSE:FSR First Rand New Re-accumulation Range
SteynTrade
JSE:RMH RMB Holdings Re-accumulation range
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.