ZAREUR trade ideas
UPDATE Target Reached EURZAR - R22.00 - Next R25?Nothing to celebrate here.
It was one analysis I wish I was wrong and yet, here we are.
The Cup and Handle was text book, the Tarrifs hit SA hard.
And the sad thing out of all of this is that South African rand will probably hurt more than what will happen to the US Dollar.
So what now? Now I think we will see R22.00 again. And we could even see R25.00 in the next two months.
But we will have to wait for a solid pattern to form first before we get the next set of bad news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURZAR-SELL strategy 2D chart GANNIncorporating ZAR crosses makes sense on this occasion. We like to understand cross behavior, and especially ZAR is within a wider range, and using the combo whereby EURUSD is very overbought, the ZAR combo makes sense. i see a reasonable move/correction for this cross possible.
Strategy SELL @ 21.10-21.75 and take profit near 20.67 for now.
EURZAR!An upmove is highly possible after the sideways shift.
i see a consolidation in this 4HR TF, so its wise to trade upmoves in LTF.
Trade with care use a STOP LOSS
EurZar is bullishthe pair is trying to break the level upward to reach next top .we are waiting for this break upward .
please see what would be the result
Buy opportunity on the EURZARHello,
A potential buying opportunity is emerging on the EUR/ZAR weekly chart. The pair is trading within a well-defined rising channel, where it has completed a strong impulse wave (April 2022 – May 2023) and is currently in a corrective phase.
With the correction seemingly reaching exhaustion, we anticipate a resumption of the uptrend, presenting a medium-to-long-term bullish opportunity from current levels. Additionally, the MACD zero-line crossover reinforces this setup, signaling a shift in momentum towards the upside.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/ZAR is going up to R22.00 and I hate to tell you this! Here's an analysis I really don't want to do.
The EUR/ZAR is showing strong upside to come. Great for the EURO, great for Europe, Great for South African exports.
Not great for the South AFrican consumer who was planning on sailing to Mykonos this year.
Anyways, here are some reasons for the EURO strength and why we could see the ZAR come down a bit.
Economic Woes:
South Africa's economic struggles and political uncertainty are weakening the Rand, pushing the EUR higher 😟💔
Commodity Concerns:
Falling commodity prices hit South Africa hard, making the Rand lose steam against the euro 📉⛏️
Monetary Policy Gap:
Divergent monetary policies—stable ECB rates vs. easing in South Africa—favor a stronger euro 💶🔄
Global Risk Aversion:
Investors seek safe havens during uncertain times, boosting the euro over emerging market currencies like the Rand 🌍🛡️
Capital Outflows:
Local capital is fleeing South Africa amid domestic worries, further devaluing the Rand and lifting the EUR/ZAR pair 🚀💸
TECHNICALS
What can I say. W FOrmation with the price breaking above 20 and 200MA.
The target is on the way to R22.00 if the uptrend continues.
I hope I am wrong.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURZAR MARKET ANALYSIS AND PRICE PREDICTIONEURZAR , has finished consolidating at the Institutional renegotiation zone, decision has been taken in favor of the Bulls because price has broken the Bullish structure already. Price is currently Retracing downward to mitigate an order Block, fill up an imbalance and then Give the Bulls a Perfect entry at 80% discount Price. Watch out for a Long Position when the price reaches this position. Take Profit is the Renegotiation Resistance to sweep off the Buyside Liquidity.
Entry, Take Profit and Stop Loss Are Clearly Stated on the Chat.
GOOD LUCK GUYS!
EURZAR Approaching Demand Zone – Bullish Bounce ExpectedOANDA:EURZAR is approaching a key demand zone. Previously, this area has acted as strong support, leading to bullish reversals. The current price action suggests buyers might step in again, potentially driving the price higher.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a rebound. If buyers regain control, the price could move toward the 19.39600 level.
However, a break below this demand zone could invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
EURZAR at Key Demand Zone – Potential Buy OpportunityOANDA:EURZAR has reached a significant demand zone. This level has been a strong support in the past, with multiple historical rejections, suggesting that buyers could step in here again.
The current price action within the zone is crucial. If the price forms a clear bullish rejection pattern (such as bullish engulfing candles or long lower wicks), it may indicate a reversal, with a potential upward move toward the 19.40058 level. However, if the price consolidates further or breaks below this demand zone, it would signal weakness, and sellers could take control, invalidating the bullish outlook.
If you have additional insights or a different perspective, feel free to share your thoughts in the comments!
EUR/ZAR SHORT: Double Sell Signal EUR/ZAR SHORT: Double Sell Signal
Confirmed by Technical Analysis
On the 1-hour chart (1H) of EUR/ZAR, a clear downward breakout provides a strong sell signal. This bearish move is further supported by favorable technical conditions: the price has broken below key moving averages, indicating a potential trend reversal. Additionally, the analysis on a higher timeframe, the 4-hour chart (4H), reveals that we are in an overbought zone. This condition, combined with the behavior of the Alligator indicator, which signals convergence toward selling, further strengthens the decision to open a short position.
The setup is particularly appealing due to its risk/reward ratio of 3:1. This implies that for every unit of risk, a return three times greater is expected. The stop loss is strategically placed above recent highs to protect capital in case of adverse price movements, while the take profit is set in a significant support area where the price may rebound.
Finally, position management is crucial: the risk is limited to 0.5% of the capital, showcasing a well-structured strategy focused on long-term sustainability. This analysis combines technical elements across multiple timeframes, providing a solid foundation for a short trade on EUR/ZAR.
EURZAR Long on Regession Break UpwardsIn low liquidity, the EURZAR has broken the downtrend with regression break back into consolidation.
I will not take this trade.
EURZAR Potential BuysI will be looking for potential longs (buys) when the pair enters the 19.027-18.980 range.
There is a demand zone, if broken, that will invalidate the trade.
eurzar is bullish (above the level)the pair is trying to break the level and trendline upward ,if it would be successful then the target for this bullish move will be @161.8 fibo level
please see what would be the result
EURZAR BUY POSITION Price broke trendline and retest which indicates that the price will rise, additional theres inverse head and shoulders pattern that confirm change of Market direction
EURO showing strong downside against ZAR to R17.85M Formation has formed over the last few months with the EUR/ZAR.
The price broke below the support which has become the resistance. ANd the price has been coming down on a trajectory to the psychological level of R19.00.
Now, if it breaks down further, I might be too optimistic but it looks like the next target could hit is R17.85.
What are your thoughts?
Descending triangle breakout EURZAREURZAR has successfully broken out of the bottom of a descending triangle pattern that it has been trading in. With today's price action so far, we have been entered in to a short position. We are hoping to reach the target down at the R18.28 level. We will adjust our stop loss accordingly as the price moves down.
EUR/ZAR Trading Signal: BUYDear Traders,
We have a new trading signal for the EUR/ZAR currency pair. Based on our analysis using the EASY Quantum Ai strategy, we recommend the following:
Direction: Buy
Enter Price: 19.50848
Take Profit: 19.59716333
Stop Loss: 19.40907333
The decision to initiate a BUY position on EUR/ZAR is based on several key factors derived from the EASY Quantum Ai strategy.
1. Technical Indicators: Various technical indicators such as Moving Averages, RSI, and MACD suggest that the current market trend is showing bullish signals. This increases the probability of upward movement.
2. Economic Factors: Recent economic data from the Eurozone shows a stronger than expected GDP growth, which has positively impacted the Euro. On the other hand, the South African Rand has been weakened by recent political instability and lower than expected economic performance.
3. Market Sentiment: Sentiment analysis shows increased positive sentiment towards the Euro due to recent trade agreements and favorable economic reports, contrasting with the bearish sentiment surrounding the South African economy.
Please ensure to follow proper risk management practices when executing this trade.
Stay tuned for more signals and updates from our team. Happy trading!
Best regards,
Your Trading Team
EUR/ZAR: A New Currency Pair for Trading on FXOpenEUR/ZAR: A New Currency Pair for Trading on FXOpen
Traders using FXOpen can now incorporate the EUR/ZAR currency pair into their strategies.
The EUR/ZAR pair is known for its volatility, making it suitable for trend trading within a single day. On the other hand, as the daily chart (below) shows, the exchange rate remains within a range, which supports swing trading around key support and resistance levels.
What Influences the EUR/ZAR Exchange Rate?
Key factors affecting the value of the South African rand (ZAR) in 2024 include:
→ High Inflation: In January, inflation was 5.4%, but by July it had decreased to 4.6% due to high interest rates set by the South African Reserve Bank, which strengthen the rand.
→ Prices of Exported Commodities: Gold, platinum, and diamonds.
→ Political Instability: Domestic political events and reforms can trigger spikes in volatility.
Technical Analysis of EUR/ZAR
Analysis of the EUR/ZAR chart for 2024 reveals that:
→ The price is moving in a weak downtrend, as indicated by the grey linear regression channel.
→ At the end of 2023, the price was supported by a trendline (in red), but after a bearish breakout in March 2024, the breakout zone (around 20.4) started to show signs of resistance.
→ Conversely, the level of 19.4 appears as significant support. It is possible that the price may test this level for resilience later this year. Currently, bearish pressure is held at the support level of 19.57.
EUR/ZAR Forecasts
Using global macroeconomic forecasting models, Trading Economics analysts predict that the EUR/ZAR rate could be 19.9468 in one year.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Trade Signal for EURZAR: Sell OpportunityHello Traders,
We have identified a promising sell opportunity for the EUR/ZAR currency pair. Below are the trade details:
- Direction: Sell
- Enter Price: 19.72719
- Take Profit: 19.65207
- Stop Loss: 19.8305
Reasoning:
Our forecast is based on the sophisticated EASY Quantum Ai strategy, which combines various technical and fundamental factors to generate precise trade signals. Here are the key indicators that support this sell signal:
1. Technical Analysis: The EUR/ZAR is currently experiencing strong resistance around the 19.73000 level, and momentum indicators, such as the Relative Strength Index (RSI), show weakening bullish momentum, indicating a potential reversal.
2. Moving Averages: Short-term moving averages have crossed below long-term averages, signaling a bearish trend continuation. This crossover indicates that sellers are gaining control over the market.
3. Economic Factors: Recent macroeconomic data suggests a stronger South African Rand compared to the Euro, driven by favorable trade balances and improved investor sentiment in South African markets.
4. Volume Analysis: A significant increase in sell volume without a corresponding price increase supports the expectation of a downward move.
Make sure to monitor the market situation and adjust your trading plan accordingly. Remember, the forex market is highly volatile, and it is essential to use proper risk management strategies.
Trade wisely,
EASY Quantum Ai Team
Forex Signal Alert: EURZAR MovementDear Traders,
We have identified a potential buying opportunity for the currency pair EURZAR. Based on our analysis using the EASY Quantum Ai strategy, here are the details of the signal:
Direction: Buy
Enter Price: 19.94595
Take Profit: 20.04147333
Stop Loss: 19.81461333
Justification:
1. Technical Analysis: The EURZAR is showing bullish momentum with a series of higher highs and higher lows on the H4 chart. The 50-day moving average is positioned above the 200-day moving average, indicating a bullish trend continuation.
2. Fundamental Factors: Recent macroeconomic data from the Eurozone has been positive, with rising consumer confidence and better-than-expected GDP growth figures. At the same time, South Africa is experiencing political uncertainties and lower growth forecasts, which may weaken the ZAR against the EUR.
3. Market Sentiment: Risk appetite seems to be returning to the market, as indicated by increased trading volumes and reduced volatility in safe-haven assets. This shift often results in strengthening of major currencies like EUR over emerging market currencies such as ZAR.
Please be informed that trading in the forex market involves risk. Always ensure you have adequate risk management strategies in place.
Happy Trading!
Best regards,
Your Trading Team
EURZAR Trade Signal: Buy OpportunityDear Traders,
We have identified a promising buy opportunity for the EURZAR currency pair. Below are the entry and exit levels for this trade:
- Direction: Buy
- Enter Price: 19.92211
- Take Profit: 20.00337
- Stop Loss: 19.8207
The rationale for this trade is based on a comprehensive analysis using the EASY Quantum Ai strategy. Our model has identified a confluence of factors indicating potential upward momentum:
- Technical Indicators: Key technical indicators, including moving averages and RSI, show bullish signals. The price has recently bounced off a significant support level, suggesting a potential reversal.
- Market Sentiment: Current market sentiment and order flow suggest increased buying pressure, which aligns with our model's projections.
- Macro-Economic Data: Recent macro-economic data from the Eurozone show positive trends, which may drive the EUR higher against the ZAR.
- Risk Management: The chosen Stop Loss at 19.8207 safeguards against downside risk, while the Take Profit at 20.00337 allows for capitalizing on the forecasted price movement.
Please ensure you manage your risk appropriately and adjust your trade sizes according to your risk tolerance.
Happy Trading!
Regards,
