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SOUTH AFRICAN RAND / EURO

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ZAREUR trade ideas

DUMP THE EURO, BUY THE RAND-SHORT-13.10.2017Guys, what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of the time we in the money. In the mean time though, despite all the hype about the Euro, I think it gonna whoop your ass if you buy at the tops.It is getting a lot of airtime in the media and you know when that happens, it is at the last leg of a bullish run. Now we have a bearish engulfing pattern and a minor correction higher next week after this steep decline, price might appreciate perhaps to the 63.2% Fibonacci level in the 4HR chart before bears resume. I urge you guys to go short then. I will keep you updated though, no worries. Break below that support trend line is significant and will signal a long long bear trend. The earlier you get in the ride, the better. I also post at www.newsbtc.com---https://tinyurl.com/NewsBTC-com---- me and my colleagues do a lot of research to give you the best, preview today and let me know. Ok, I'm marketing this but I just thought you should know. :) Cheers.
Short
by Kipyegonn
2
EURZAR Buy Set Up-31.08.2017This currency pair provides a good opportunity to conclude August month on a high. Price action has been consolidating horizontally after that strong bear pressure which begun with a strong double bar bear engulfing pattern. Current fundamentals from South Africa are not that supportive of the Rand. Its economy is shambolic to-say the least and as they slide into recession, Repo rates shall be slashed in the near future. I will look to enter long and trade as follows: Buy: 15.45 Stop Loss: Below 15.42 Take Profit: Ideal at this week's highs at 15.75
Long
by Kipyegonn
EUR/ZAR possible sell medium/long termProns: 1. EUR/USD has potential to weaken - the price now is inappropriate to conditions in Euro Area - flat GDP which can negatively affect CPI in the future, 2. CPI is still far from ECB inflation targets - it will take a time to be confident about inflation growth and GDP, 3. Commodities like Gold have potential to growth in the future - it will positive affect on South Africa economy (gold exporter), 4. Good positive swap - additional profits from holding position EUR/ZAR. Cons: 1. Risk from changing ECB monetary policy - it could positively affect euro price. Presented Idea is only an assumption, one of many possibilities which can happen. Always invest consicously. The price can do anything at any time.
Short
by DavidFXMarkets