EUR/ZAR
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UPDATE: EUR/ZAR for MORE downside thanks to an Inv Cup & HandleI had to post this new formation.
The EUR/ZAR is coming down nicely since the last update. But now we have a NEW formation and an even bigger formation along the way.
A NEW Inv Cup and Handle. We need the price to break below the brim and we could see the EUR tank further.
Price <20 and 200MA
WILL ANOTHER SARB RATE CUT IN NOVEMBER FURTHER WEAKEN THE ZAR?EURZAR Analysis (Daily Timeframe)
Price is currently completing primary wave 5 and it has already printed intermediate wave 1, 2, 3 and 4 and price is now printing intermediate wave 5 in a form of an ending diagonal. We have already seen a 3-wave minor wave 1 and price is now printing a 3-wave mino
UPDATE: EUR/ZAR - The "M" that might mean more downside!This pair just formed a clean M-formation, hinting at a bearish continuation.
Price is now sitting below the 20MA but still above the 200MA, giving us a medium-probability short setup toward R19.42.
Unless the euro gains serious momentum or the rand weakens unexpectedly, this chart screams further
I hope I'm RIGHT with this EUR/ZAR Analysis this timeThe previous analysis I hoped I was wrong, and ended up right with EUR/ZAR hitting R22.00.
Great on the EGO bad on the pocket :/
Living in Europe and dealing with Rands is no joke. So hopefully, we can get some downside with the EURO now against the ZAR.
So why would the ZAR strengthen?
🪙 Gold
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, w
I wish I was wrong with this but now it's looking better EUR/ZAROk so this was painful.
The W Formation neckline broke above and since then headed to the target at R22.00 a EURO!
For someone who travels to Europe a lot, it's not easy on the rands.
But since it hit the target, it turned down and hopefully will stay down for now.
We are currently at R20.34
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
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURZAR is 19.75441 ZAR — it has increased by 0.08% in the past 24 hours. See more of EURZAR rate dynamics on the detailed chart.
The value of the EURZAR pair is quoted as 1 EUR per x ZAR. For example, if the pair is trading at 1.50, it means it takes 1.5 ZAR to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURZAR has the volatility rating of 0.26%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURZAR showed a −0.36% fall over the past week, the month change is a −0.40% fall, and over the last year it has increased by 5.39%. Track live rate changes on the EURZAR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURZAR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURZAR technical analysis. The technical rating for the pair is strong sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURZAR shows the sell signal, and 1 month rating is neutral. See more of EURZAR technicals for a more comprehensive analysis.









