Here's an idea of a potential bullish Gartley formation on the EUR/ZAR in it's early stages. Looking for the formation of the B to C leg with possible points for C in the region between 16.66014 and 16.88450. Updates of this idea will follow as the market moves. Do not follow this blindly; always remember to make sure that any trade made by you needs to meet...
Hello Guys, Buy opportunity presents itself today especially if price action closes strong above the current minor support turned resistance @15.45. Take profit should be above 15.60 with stop loss below today's lows of 15.30
This 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...
EURZAR cross pair is reacting to a bigger timeframe monthly demand zone, new weekly demand zones are being created, last one at 14.21 is playing out nicely. New levels of demand being created. Long bias
Before going higher USDZAR may likely break below April's low at 12.87. ---------------------------------------------------------------------------------------------------------------------------------- Trade outlook is about 30 days Ramesh aka Surefire Trader, is the author of his new book "Trade Forex with Confidence" to guide readers how to build a...
EUR is behaving the same way as the USD & the POUND against the RAND EUR/ZAR - The EUR has lost almost 4% against the RAND in 12 days. Will it also bounce back up ?
Bulls are likely going to deliver an upward impulse in wave ((c)) of B
Bulls are likely going to deliver another upward impulse in wave {c} of B
We are looking for a buy. EURZAR is in a uptrend that gives us a great opportunity to take a swing. This pair is in my watch-list this week. Happy trading every! Good luck
A bearish impulse in wave A is going to end soon, so there's an opportunity to have a correction in the short term
ITS SAFE TO GO SHORT ON THIS TRADE, THE BEARISH FLAG AND THE HEAD N SHOULDER PATTERN APPROVES, BUT IF GOING SHORT, SET SL AT 14.7417
Shorted at 16.034. Hit first goal, almost at second and looking for third.
Hit first target now almost at second. Looks like it could keep it up and make it to the third.
FX_IDC:EURZAR Safe Trades;