Another exotic market in my Monday watchlist. The pair broke the descending trendline a couple sessions back (seen in next chart) but bears took control when the 4H 50MA was touched (seen in next chart) and made me hit my SL :( Friday was an interesting session. The price printed another hammer candle finishing the session right at the resistance area. That...
EURZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past. Furthermore the pair broke the support and recovered in a very strong way. The market is also oversold and approaching the descending trendline dating from the beginning of June. I believe a rebound to the 15.886 area is on the cards....
Analysis team bought EURZAR @ 16.16 with the target @ 16.4130
Daily and 4HR bias bullish Price has retraced and printed a bullish hidden divergence in30-35 RSI band which makes this long trade high probability! Good luck and good trading!
There is currently a bullish opportunity with EUR/ZAR. As long as it does not close under it's current support zone which is at ~1.1612 the bullish move is valid. Trade safe.
Hello Guys, Today, I will short the Euro again as I look to take advantage of this across the board weakness. Though there is no sell signal in the monthly chart, there is a perfect evening star reversal and a bear divergence pattern in the daily chart. In fact, a gravestone doji was printed above the upper BB as the market closed on Friday. A stochastic sell...
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