This is an update to yesterday's post. The pair has formed a considerable support after the fifth touch at support trendline; This calls for long term buy move towards the the key 21.00000 Psychological key level.
There's a bull flag that has recently formed which has broken out strongly and now looks like the first target will be heading to R19.19. Not great for the rand but luckily we can go long the Euro to make up for it.
will likely to continue uptrend falling wedge breakout has already done looks ready for bulish move
EUR/ZAR is showing classic textbook analysis of a Cup and Handle. It's broken out of the brim level and is showing strong demand (buying) to come. The first target is to around R18.23. CONCERNS: There is a rising channel which the diagonal line is a strong support. If the price breaks up and out of this channel, we can expect major downside to come for the rand....
EUR/ZAR - Daily is in a channel and is doing exactly what we thought it would do a few weeks ago... As long as it's in the channel it's in a sideways consolidation period. What else should I analyse for you?
EURZAR $EURZAR Continuation Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
MN Trend: Uptrend W1 Trend: Price has already reacted Demand D1: fresh BUY zone created H1 entry: BUY zone identified
Market showing future promising trade which should breakup at some point, channel still in tact but once broken it should give a very long bull ride so watch this space.
EURZAR Buy Opportunity Here: Looking For A Slight Pause In The Downtrend::: These Opens Up Nice Long Opportunity For A Few Pips.. SL & TP on Chart!!!
Hi Traders, This is my view on this cross for the next few days. #EURZAR BUY 18.067 SL 17.837 TP 18.5 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to...
after the break out at fib level 0.618. I I I will wait for the price to drop at my next fib level 0.786 than im going long after a bullish confirmation. Everything on the chart speaks for itself.
Entry: 19.2600 SL: 19.0500 TP: 20.1500
EURZAR - LONG - BUY OPPORTUNITY VERY HUUUUUGEEEEEE profit over here !! Enjoy it!!
Hello to all watching my charts. Lets have a look to EURZAR These exotic pair made a big Jump today above all resistances and i do see a chance to get in the 17.15 aerea after climb above the last red resistance lines. Good trades If you want to support my work , please be so kind and like them - My posts are not and advice to buy or sell something always do...
Another exotic market in my Monday watchlist. The pair broke the descending trendline a couple sessions back (seen in next chart) but bears took control when the 4H 50MA was touched (seen in next chart) and made me hit my SL :( Friday was an interesting session. The price printed another hammer candle finishing the session right at the resistance area. That...
EURZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past. Furthermore the pair broke the support and recovered in a very strong way. The market is also oversold and approaching the descending trendline dating from the beginning of June. I believe a rebound to the 15.886 area is on the cards....