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EUR/ZAR

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EURZAR trade ideas

ZAR stronger than EUR? After comparing a handful of ZAR pairs I saw that the South African Rand is really killing it! Each pair however showed a break in the ZAR strength, solely due to a 0.9+ correlation in each of them. I picked this pair because of the psychological level; 15.00000, where price has managed to close below hence i believe price will continue to drop. Despite this I will not enter exactly when the market opens but i will wait for the 4hr candle to close lower than the close of last week. My bearish sentiment will be elevated if the 4hr candle passes the 15.00000 zone but ends up closing below the close of last week, because this would indicate that the bulls tried to take control of the market but were obliterated by the bears, it's the equivalent to being in a fight and punching your opponent as hard as you can but he/she seems to feel no pain! Other things I'm looking for is for the DI+ to continue moving lower than the 20 level on the DMI and the ADX and DI- to continue moving higher. I'm targeting 13.51049 but if there is any funny business at the 14.00000 I'm pulling out!
Short
by KatlegoKing
EURZAR: Potential Bullish Gartley formation 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 your own personal trading requirements. If it does not comply with your rules of trade, do not trade it. Happy trading! JP
Long
by JPCillie4c
EURZAR Analysis-30.10.2017Hello 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 signal is also in place meaning sell pressure should continue going forward. These combinations of technicals in the daily chart means chances of a drift lower towards that 4 months support trend line is high. Best case scenario is for it to be broken and that would mean economic benefit with positive swaps. I will wait until a sell signal is printed in the 4HR chart before I short. Alternatively, set a sell limit around 16.55-16.70 with stop loss above last week’s highs at 16.9 Trade as follows: Sell Limit: 16.55-16.70 Stop Loss: 16.9 Take Profit: 1:3-5 risk reward ratio Guys, if this benefits you, hit that like button and follow me. Don't miss these awesome chance to build up your account. Also, view our page at Forex.Today here: goo.gl Have a pipful day, won't you
Short
by Kipyegonn
DUMP THE EURO, BUY THE RAND-SHORT-13.10.2017Guys, what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of the time we in the money. In the mean time though, despite all the hype about the Euro, I think it gonna whoop your ass if you buy at the tops.It is getting a lot of airtime in the media and you know when that happens, it is at the last leg of a bullish run. Now we have a bearish engulfing pattern and a minor correction higher next week after this steep decline, price might appreciate perhaps to the 63.2% Fibonacci level in the 4HR chart before bears resume. I urge you guys to go short then. I will keep you updated though, no worries. Break below that support trend line is significant and will signal a long long bear trend. The earlier you get in the ride, the better. I also post at www.newsbtc.com---https://tinyurl.com/NewsBTC-com---- me and my colleagues do a lot of research to give you the best, preview today and let me know. Ok, I'm marketing this but I just thought you should know. :) Cheers.
Short
by Kipyegonn
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