For the better part of the year, the South Africa Rand has weakened against major currencies. Q2 we saw a reversal. Presently we have completed a bullish correction that grabbed the trend line liquidity. We have or sell limit orders placed either at the liquidity level of 20.67125 or unmitigated supply at 20.71422. Our projected exit is the liquidity sitting below...
This analysis hurts my pocket. Travelling around and living in Europe means we pay in Euros. Hotels, flights, costs, etc... And I unpleasantly am doing an analysis showing how the Euro looks like more upside is to come. It's this kind of analysis I really hope I am 100% wrong. Anyway, upside is to come bease on the Reverse Cup and Handle. The price...
As there is no divergence, and we can observe a bullish flag hence it can be predicted as a continuation of a bullish trend
Since last week, EURZAR has been in a strong uptrend from the 19.40000 level. Recently, we have broken out of the descending channel that was maintening it inside a bearish structure. What we are seeing now in my opinion in simply a re-test of the 20.6500 level that was a resistance and is about to turn into a support to continue higher up to 21.3000 probably next week.
Series of Higher Highs and Lows printed under Bullish pattern and no divergence seems, whcih signalled continuation of bullish trend potentially.
EURZAR has rejected a resistance at around 20.40 and has created a double top, creating a faekout. The pair has failed to create higher market structure and a loss of momentum next week would make price fall.
EURZAR right now in ranging, if bullish breakout happen then there is a buy stop order placed and TP will be R2, if rejected from resistance then there would be a instant sell order and ranging support will be a TP.
EURZAR has been in a bearish market structure for the past few days. The pair created lower than previous highs and lower than previous lows confirming the trend all the way. Right now we have been testing a key support which if broken will accelerate the new bearish leg. More details in the video...
Cup and Handle has formed over the last few months with EUR/ZAR. We got a break down below R19.65. Now it looks like there is further downside to come for the EUR which is good for the rand. 21>7 Price >200 RSI<50 Target R17.32 The big warning technically is that the EUR/ZAR is flirting with the 200MA. Until the price breaks down, then I'll feel more...
EURZAR has printed HH and HL thereby confirmed new bull trend. Now after 2nd HH, the pair entered into correction and completion of correction is depicted by Bullish hammer and engulfing candles.
Starting with the price structure, EUR/ZAR has been forming a series of higher highs and higher lows, indicating an uptrend in progress. This pattern suggests that buyers have been gaining strength, consistently pushing the price higher after each pullback. This type of price action often reflects a shift in market sentiment towards bullishness. Adding to the...
According 4H Analysis the trend is bullish. This idea only for education purpose make your trade your own risk
Bro Just give it a chance. I know you dont like Zar but just look at this setup...it looks like it has potential. plllllssss
EURZAR forming rising wedge pattern. So EURZAR may change its trend from bullish to bearish.
EURZAR is in bullish trend as it is making higher highs and higher lows.
EURZAR instrument shows perfect bearish harmonic AB=CD pattern with double top reversal.