EURZAR trade ideas
Time to Hold some positionsPrice break the trendline for a long time and retesting it, Head and Shoulders pattern and price retesting 20 & 50 SMA
EURZAR, a positive swap trade.Shorting EURZAR is currently yielding a positive swap interest, but any "carry" trade must also choose a good entry. The weekly chart can provide us this entry.
Last week, a bearish pinbar candlestick emerged and is seeing continuation this week so far. If this is confirmed by the end of this week, an entry makes sense. The trend is also bearish (lower high, lower lows).
On fundamentals, this is neutral to slightly bearish. ZAR is an exotic, more fragile currency. But the current climate makes the EUR very unattractive (conflict with Russia), while South Africa remains neutral.
EURZAR 4.91% Price IncreasePrice closed above trend line. Retest occurred at trend line. Enter a long position.
EURZARBullish trend seen in an hourly chart. It is expected that it will continue this trend for the coming hours
EURZARBullish rally is seen with series of HH, HL, It is expected that it will follow the same upward trend.
EURZAR Rejection Candlestick Formed On H1 Chart Enter a long position for currency pair EURZAR. Target previous swing high for take profit.
EURZAR $EURZAR Continuation LongEURZAR $EURZAR Continuation Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Tripple-top reversal patternPotential a-b-c corrective structure back to the top to give us a tripple top before heading South. risk reward ratio of 1:5.
EURZAREurzar buys, tk cross below the cloud rsi above zero, and Kumo flipped bullish. Price action is creating an N wave formation it's on the last leg of the wave. Tp is marked by the fib extension tool.
EURZAR `` SHORT OR NORTHSimple throwback.
Market cycle.
The likelihood of reversal is more likely.
If D1 candle doesnt break the resistance, I'm looking forward to SHORTS.
EURZAR H1 SHORT SETUP IDEA, 02 MAY 2022This pair has broken the range to the downside on this time frame, pulled back to test the previous support turned resistance and now price looks like it could continue its downward movement. Resistance is @ 16.713 and the bearish target for the short trade is @ 16.462 on the hourly time frame. However if price moves to the upside and breaks the resistance, that will be the signal to exit the trade.
Trend continuation ( Triangle)Trend continuation 30 time frame. after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here; The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel. However the breaking above will result in bullish continuation and one can enter.
EUR~ZAR POSSIBLE MOVESEUR~ZAR gave us a beautiful impulse to the upside, so for us to continue bullish we"d like to see price break above resistance and retesting the zone in a form of flag completing the possible head and shoulder pattern once that has happened we can confidently go long with the pair.
EURZAR A descending wedge on the daily time-frame confirms a strong bullish market in the long term with the completion of the third touch on the support level. A break of the descending channel on the H4 further solidifies the pattern within pattern strategy, strengthening the bulls momentum on this pair.
EURZAR FORECAST DONEEURZAR forecast....Here we are looking for BUY opportunities.. we see a clear descending channel with a pattern within pattern structure giving ours opportunity to go long...You can wait for price rejections at the bottom line before entering buy or either wait for breakout of small pattern within big channel then enter buys...once price break that horizontal line then our setup will be invalid
Signal= forecast buys on eurzar
Tp=open
Sl=open
Trading Trend Line Break (The Entry)Draw a diagonal trend line connecting the lows. Four or more touches are the best trend lines. Next, wait for a daily close below the level. Enter at the close of candlestick. The next entry comes on the retest of the trend line if it occurs.
EUR/ZAR Short Trade Alert - Price Target R12.10TRADE ALERT: EUR/ZAR
IDEA: SELL (GO SHORT) -
Would you BUY or SELL and WHY?
PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle)
TIME FRAME: DAILY
FUNDAMENTALS:
Some policymakers at the ECB (European Central Bank) have said the situation in Ukraine could cause the ECB to slow its exit from stimulus measures.
Then we have Russian forces which have seized Europe’s biggest nuclear power plant.
Almost, a week later and electricity and fuel prices in Europe soared.
This then led to the Eurozone’s inflation level hitting a record high of 5.8% last month.
Strategists also worry that with the rising energy and gas prices, this will hit Europe’s economic growth prospects.
And so, with the escalating Ukraine-Russia conflict, there is a domino effect on Europe, where the euro continues to fall against major currencies.
For one, the euro slid to its lowest price level in 21 months, against Britain’s pound.
It also dropped to a seven-year low against the Swiss franc.
We also saw the euro drop to its lowest level against the US dollar in 21 months as well as the South African rand.
when the euro falls against them, the rand tends to strengthen as I showed you in the chart above.
DO YOU AGREE with the analysis?
EURZAR 17/03/2022Monthly:
-Bearish W pattern.
-H&S pattern.
-No structure that could stop the price until the next monthly low.
Weekly:
-Expecting to reache the BOC.
Daily:
-Bearish W pattern.
4H:
-Bearish W pattern.
-H&S pattern.
EURZAR | Bears Still StrongEURZAR has been trading in a bearish parallel channel and just recently broke the channel. The barometer now is the falling trendline, which will helps to short on strength.
Alternatively, break above the falling trendline will call bulls back in the party and long positions should be open.
Trade your levels accordingly.
