USDZARmoved as we predicted
running in verey good profit now
price action is best way to analz markets till today
EURZAR
EURZARwill likely to continue uptrend
falling wedge breakout has already done
looks ready for bulish move
EUR/ZAR Upside to come to R18.23EUR/ZAR is showing classic textbook analysis of a Cup and Handle.
It's broken out of the brim level and is showing strong demand (buying) to come.
The first target is to around R18.23.
CONCERNS: There is a rising channel which the diagonal line is a strong support.
If the price breaks up and out of this channel, we can expect major downside to come for the rand.
BULLISH for the EUR.
EUR/ZAR continuing weakening in the channelEUR/ZAR - Daily is in a channel and is doing exactly what we thought it would do a few weeks ago... As long as it's in the channel it's in a sideways consolidation period.
What else should I analyse for you?
Supply ZoneDouble tops, even highs. Supply zone.
if we can't break above. Sell to the end of the range\
Wait for confirmation! set up: potential early reversal
Goal: 3342.2 Units (EURZAR)EURZAR Target Price 17.731. Pin Bar tail protrudes through a previous pivot point at price 17.327.
EURZAR Trade Idea On September 6th 2022EUR/ZAR hit take profit from the September 6th, 2022 trade idea.
Link To Chart:
Link To Image:
EURZAR +1265.9Bullish Engulfing Candlestick formed on Pivot Point, EMA 10, and EMA 20. Expect EURZAR to move +1265.9 units.
EURZAR $EURZAR Initial ShortEURZAR $EURZAR Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EURZAR | Parallel ChannelParallel Channel formed on the EURZAR currency pair. Short Market Execution Order.
EURZAR 4.91% Price IncreasePrice closed above trend line. Retest occurred at trend line. Enter a long position.
EURZARBullish trend seen in an hourly chart. It is expected that it will continue this trend for the coming hours
EURZARBullish rally is seen with series of HH, HL, It is expected that it will follow the same upward trend.
EURZAR Rejection Candlestick Formed On H1 Chart Enter a long position for currency pair EURZAR. Target previous swing high for take profit.
EURZAR $EURZAR Continuation LongEURZAR $EURZAR Continuation Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
SHORTS ON EURZARPrice is in a downtrend...The momentum is going down...Price has created an OB and should come back to mitigate it
EURZAR `` SHORT OR NORTHSimple throwback.
Market cycle.
The likelihood of reversal is more likely.
If D1 candle doesnt break the resistance, I'm looking forward to SHORTS.
EUR/ZAR Short Trade Alert - Price Target R12.10TRADE ALERT: EUR/ZAR
IDEA: SELL (GO SHORT) -
Would you BUY or SELL and WHY?
PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle)
TIME FRAME: DAILY
FUNDAMENTALS:
Some policymakers at the ECB (European Central Bank) have said the situation in Ukraine could cause the ECB to slow its exit from stimulus measures.
Then we have Russian forces which have seized Europe’s biggest nuclear power plant.
Almost, a week later and electricity and fuel prices in Europe soared.
This then led to the Eurozone’s inflation level hitting a record high of 5.8% last month.
Strategists also worry that with the rising energy and gas prices, this will hit Europe’s economic growth prospects.
And so, with the escalating Ukraine-Russia conflict, there is a domino effect on Europe, where the euro continues to fall against major currencies.
For one, the euro slid to its lowest price level in 21 months, against Britain’s pound.
It also dropped to a seven-year low against the Swiss franc.
We also saw the euro drop to its lowest level against the US dollar in 21 months as well as the South African rand.
when the euro falls against them, the rand tends to strengthen as I showed you in the chart above.
DO YOU AGREE with the analysis?
