EURZAR
EURZAR: Short term bullish signal. Long term pending.The pair is on a 1D Ascending Triangle (RSI = 54.426, STOCH = 51.729, Highs/Lows = 0.0000) which on the short term is giving buy signal towards 16.800. Also, a stronger longer term buy signal is coming close to being materialized when the Golden Cross takes place (MA50 over MA200). The last 2 times that happened, the pair rallied more than +15%.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
Bullish on EURZARLooks like the Euro South African Rand pairing seems bullish, according to the indicators. If green candle closes more than ATR, do not enter.
$EURZAROANDA:EURZAR
Symmetrical triangle in making break bellow 15.90 will be bullsih for ZAR.
Go mighty rand !!!
EURZAR short intraday/swing trade setupEURZAR short intraday/swing trade setup
Sell 15.73300
SL 15.84046
TP 15.60558 80% and trail the balance
Descending triangle broken to the down side, enter short on the retrace to .2360.5 fib zone
EURZAR - back to 38.2ZAR had a strong rally supported by fundamental news. I expect to see some profit taking, and change in positioning.
Technical:
- 20 EMA was broken on 2h with a backtest
- 38.2 Fib retracement is a clear T/P zone
EURZAR 1:3 Risk Reward SHORT (Fundamental + Technical Analysis)Zar
Fundamental Quant Score: +33
- Retail sales grew to 1.2% showing consumer confidence in South Africa
- PPI breached forecsats by 0.1% which is healthy for producers
- Interest rate decisions had no signs of dovish action so investor money flow should continue flowing into South Africa
- Trade balance showing a huge surplus
Technical Analysis
- Daily Sell zone
- Daily hammer head/ evening star formation
- Rejection from the current zone shows big money flowing out the EUR and into ZAR
- Wait for a 4HR lower low then a retrace to confirm the move ad possibly enter in that region depending on the fundamentals and technical outcome
Some good signs for ZAR and EUR has continued to weaken the past week
EURZAR long intraday/swing trade setupEURZAR long intraday/swing trade setup
Buy limit order at 16.36359
TP 16.50479
SL 16.25293
If price fails to trigger the buy order I will close
EURZAR - short term bounce (H4 channel)Pure technical play. Shorting ZAR has heavy cost, thus expecting to see a swift bounce and then again ZAR to strenghten, especially as euro faces eco slowdown and brexit headwinds.
EURZAR Long Trade IdeaDaily and 4HR bias bullish
Price has retraced and printed a bullish hidden divergence in30-35 RSI band which makes this long trade high probability!
Good luck and good trading!
EURZAR LongTesting a new continuation indicator. This is for when trends are already established and will enter on a signals that point to a probability of continuing.
Entry signals and indicators are in my private notes.
EURZAR: Short opportunity on the 1D Lower High.The pair is trading on a long term 1D Channel Down. With both 1D (RSI = 51.944, Highs/Lows = 0.0000) and 1W (RSI = 47.364, Highs/Lows = 0.0000) neutral, we have a strong sell signal on the Channel's Lower High. TP = 14.8000.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
EURZAR DOWNTRENDTHE EURZAR IS GOING TO GO DIP S BAILOUT FOR THE ZAR REGARDING IT DEBT..
TRDE WITH CAUTION
