EURZAR trade ideas
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.
Perfect automated detection of Shark & Nenstar PRZ - ShortA Bearish-type Shark pattern occurred within the resistance zone of 17.475-17.619.
(In this resistance zone , there was a rebound in Feb 2022, Dec 2021,...)
If the price rises to 17.774, a Bearish-type Nenstar pattern is likely to occur.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO