Long term sell opportunity, already confirmed and retested.
Here we can see the market has broken out of the downtrend since June 2019. This comes after a very dovish ECB failed to meet expectations with a rate cut yesterday. Price needs to get above 15.76x to confirm the retracement back towards the initial 38.2% target with extensions beyond that if necessary. To the topside 16 looks within reach this summer, whilst to...
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....
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...