SavantForex

EURZAR Reversing Long

Long
FX_IDC:EURZAR   EURO / SOUTH AFRICAN RAND
EURZAR appears to be at the end of its three-months-long decline. That decline consisted of 12 down-weeks in a row, and may have completed with a hammer candle, followed by an up-week that also gives a stochastic buy signal. Last week's up-week also had higher volume than the previous four weeks.

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