EUR/ZAR Analisis teknis | EUR/ZAR Jual beli: 2020-08-19 | IFCM Indonesia
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EUR/ZAR Analisis teknis - EUR/ZAR Jual beli: 2020-08-19

EUR/ZAR Technical Analysis Summary

Neutral
SellBuy
Kuat JualKuat Beli

Bawah 20,4

Sell Stop

Atas 21,1

Stop Loss

Mary Wild
Mary Wild
Senior Analyst
Artikel2058
IndicatorSignal
RSI Neutral
MACD Neutral
MA(200) Neutral
Fractals Neutral
Parabolic SAR Sell
Bollinger Bands Neutral

EUR/ZAR Chart Analysis

EUR/ZAR Chart Analysis

EUR/ZAR Analisis Teknis

On the daily timeframe, EURZAR: D1 approached the resistance line of the long-term neutral trend. So far it hasn't been able to overcome it and is trying to correct downward now. A number of technical analysis indicators generated signals for further decline. We do not rule out a bearish move if EURZAR falls below its last low fractal: 20.4. This level can be used as an entry point. The stop loss can be placed above the last upper fractal and Parabolic signal: 21.1. After opening a pending order, the stop loss should be moved following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. After the transaction the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (21.1) without activating the order (20.4), it is recommended to delete the order: some internal changes in the market were not taken into account.

Fundamental Analysis Forex - EUR/ZAR

In this review, we want to consider the dynamics of the Euro against the South African rand. Is the decline in EURZAR quotes possible?

The downward movement means the strengthening of the South African rand and the weakening of the euro. South African Reserve Bank rate is 3.5% with inflation rate of 2.2% in annual terms. The ECB rate is zero with inflation rate of 0.4%. Rising prices for precious and non-ferrous metals, as well as for other mineral raw materials, may help strengthen the South African rand. A possible risk for the euro could be the outcome of the European Council’s emergency summit on the situation in Belarus. It will take place on Wednesday. Note that both the EU and South Africa will release construction data on Thursday.

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