I am looking for long opportunities on EURZAR and what I like about exotic pairs is that they hardly range, they are always trending and soaring like an eagle, up the sky. I am targeting the A=C level. With the number of increasing Corona virus case in South Africa I think the South African Rand (ZAR) will be severely affected.
Looking at this long term on chart of CADJPY . The price has been flirting with the 10 year long trendline (Neck line of the head and shoulders ).
This 10 year long trendline has been cracked and it's looking for bears to break it. I am looking for short opportunities on lower time frames.
Looking at the long term chart of EURGBP. The pound is yet to loose some significant value over the next coming few years. The Brexit referendum will still do more damage to the pound.
