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EURZAR: Short term bullish signal. Long term pending.

Long
EURO / SOUTH AFRICAN RAND (FX_IDC:EURZAR)  
InvestingScope  
FX_IDC:EURZAR   EURO / SOUTH AFRICAN RAND
Trend Analysis Chart Patterns Technical Indicators EURZAR EUR ZAR Forex Currencies currency euro southafricanrand
4
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trendanalysis chartpattern indicator eurzar eur zar forex currencies currency euro southafricanrand
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%.





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