I have been actively trading this pair together with the USDZAR pair as well (they have been incredibly wonderful & very profitable pairs to trade with).
Ever-since a very strong upside rally at the beginning of this year to some new highs; this pair (together with the USDZAR) has ever-since left the highs far behind; & have started plunging lower & lower ever-since... (I have also been trading this pair on their move downwards, & the down moves has been very exciting too...)
I look forward to another new rally to the highs (best to new highs) once again...
My earlier broker did not offered the ZARJPY & CHFZAR pairs to trade with, or else I would also be trading with those two pairs (together with USDZAR & EURZAR); the price pattern movements between these four pairs have been hugely similar in the beginning of this year, until later on; when the USD got progressively weaker than the EUR, & the JPY still remained very strong (CHF is very strong too; stronger than EUR I could see)...
I will continue to observe these four pairs (on smaller time-frame charts) & I'm looking out for a very profitable trading opportunity to get in nicely again...
Ever-since a very strong upside rally at the beginning of this year to some new highs; this pair (together with the USDZAR) has ever-since left the highs far behind; & have started plunging lower & lower ever-since... (I have also been trading this pair on their move downwards, & the down moves has been very exciting too...)
I look forward to another new rally to the highs (best to new highs) once again...
My earlier broker did not offered the ZARJPY & CHFZAR pairs to trade with, or else I would also be trading with those two pairs (together with USDZAR & EURZAR); the price pattern movements between these four pairs have been hugely similar in the beginning of this year, until later on; when the USD got progressively weaker than the EUR, & the JPY still remained very strong (CHF is very strong too; stronger than EUR I could see)...
I will continue to observe these four pairs (on smaller time-frame charts) & I'm looking out for a very profitable trading opportunity to get in nicely again...