UPDATE Target Reached EURZAR - R22.00 - Next R25?Nothing to celebrate here.
It was one analysis I wish I was wrong and yet, here we are.
The Cup and Handle was text book, the Tarrifs hit SA hard.
And the sad thing out of all of this is that South African rand will probably hurt more than what will happen to the US Dollar.
So what now? Now I
Buy opportunity on the EURZARHello,
A potential buying opportunity is emerging on the EUR/ZAR weekly chart. The pair is trading within a well-defined rising channel, where it has completed a strong impulse wave (April 2022 – May 2023) and is currently in a corrective phase.
With the correction seemingly reaching exhaustion, w
EUR/ZAR is going up to R22.00 and I hate to tell you this! Here's an analysis I really don't want to do.
The EUR/ZAR is showing strong upside to come. Great for the EURO, great for Europe, Great for South African exports.
Not great for the South AFrican consumer who was planning on sailing to Mykonos this year.
Anyways, here are some reasons for the E
EURZAR MARKET ANALYSIS AND PRICE PREDICTIONEURZAR , has finished consolidating at the Institutional renegotiation zone, decision has been taken in favor of the Bulls because price has broken the Bullish structure already. Price is currently Retracing downward to mitigate an order Block, fill up an imbalance and then Give the Bulls a Perfect
EURZAR Approaching Demand Zone – Bullish Bounce ExpectedOANDA:EURZAR is approaching a key demand zone. Previously, this area has acted as strong support, leading to bullish reversals. The current price action suggests buyers might step in again, potentially driving the price higher.
A bullish confirmation, such as a strong rejection pattern, bullish en
EURZAR at Key Demand Zone – Potential Buy OpportunityOANDA:EURZAR has reached a significant demand zone. This level has been a strong support in the past, with multiple historical rejections, suggesting that buyers could step in here again.
The current price action within the zone is crucial. If the price forms a clear bullish rejection pattern (suc
EUR/ZAR SHORT: Double Sell Signal EUR/ZAR SHORT: Double Sell Signal
Confirmed by Technical Analysis
On the 1-hour chart (1H) of EUR/ZAR, a clear downward breakout provides a strong sell signal. This bearish move is further supported by favorable technical conditions: the price has broken below key moving averages, indicating a po
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of EURZAR is 21.40868 ZAR — it has decreased by −1.55% in the past 24 hours. See more of EURZAR rate dynamics on the detailed chart.
The value of the EURZAR pair is quoted as 1 EUR per x ZAR. For example, if the pair is trading at 1.50, it means it takes 1.5 ZAR to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURZAR has the volatility rating of 0.81%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURZAR showed a 1.80% rise over the past week, the month change is a 7.37% rise, and over the last year it has increased by 6.64%. Track live rate changes on the EURZAR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURZAR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURZAR technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURZAR shows the buy signal, and 1 month rating is strong buy. See more of EURZAR technicals for a more comprehensive analysis.