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Markets/
Forex/
eurzar

EUR/ZAR

EURZAR

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18.830

+0.053+0.28%

Discussions

TradingKey Chart

Time

15m

30m

Today

+0.28%

5 Days

+1.35%

1 Month

-0.23%

6 Months

-0.90%

Year to Date

-3.17%

1 Year

-8.55%

Key Data Points

Opening Price

18.771

Previous Closing Price

18.777

Price Range of the Day

18.74118.901

52-Week Price Range

18.44120.750

Indicators



The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Neutral

Sell(4)

Neutral(3)

Buy(5)

Indicators

Sell(1)

Neutral(3)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

0.000

Neutral

RSI(14)

51.962

Neutral

STOCH(KDJ)(9,3,3)

77.537

Buy

ATR(14)

0.141

High Vlolatility

CCI(14)

40.710

Neutral

Williams %R

35.764

Buy

TRIX(12,20)

-0.026

Sell

StochRSI(14)

100.000

Overbought

Moving Average

Sell(3)

Neutral(0)

Buy(3)

Indicators

Value

Direction

MA5

18.773

Buy

MA10

18.704

Buy

MA20

18.841

Sell

MA50

18.773

Buy

MA100

18.989

Sell

MA200

19.161

Sell

EUR/ZAR Trading Strategy

Intraday

Short Term

Trading Strategy

The configuration is positive.

Alternative scenario

below 18.8160, expect 18.7593 and 18.7256.

Comment

The upside prevails as long as 18.8160 is support, with 18.9377 and 18.9715 as targets

4 hours ago

Source: Trading Central(Reference Only)

More Details of EUR/ZAR

The EUR/ZAR currency pair represents the exchange rate between the Euro (EUR) and the South African Rand (ZAR). This pair is significant for traders due to the economic dynamics between the Eurozone and South Africa. The Euro is one of the world's major currencies, reflecting the economic performance of its member nations, while the Rand is influenced by South Africa's commodity-driven economy, political developments, and emerging market trends. Understanding the factors that affect this currency pair can provide valuable insights for traders looking to capitalize on exchange rate fluctuations.

How do commodity prices influence EUR/ZAR?

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South Africa is a major exporter of commodities (like gold and platinum). Fluctuations in global commodity prices can significantly affect the strength of the Rand against the Euro.

Are there seasonal trends in EUR/ZAR trading?

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Yes, seasonal trends can occur, influenced by agricultural cycles, tourism, and economic activity patterns in South Africa, impacting currency demand at different times of the year.

How do interest rates affect EUR/ZAR?

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Interest rates significantly impact the EUR/ZAR exchange rate, as higher interest rates in South Africa typically strengthen the South African Rand (ZAR) by attracting foreign investment, while lower rates can weaken it by making investments less attractive. Additionally, interest rate changes are often responses to inflation; for example, a rise in rates aimed at controlling inflation can bolster the ZAR. The broader economic context, including global conditions and commodity prices, further interacts with these interest rate dynamics, influencing the overall valuation of the EUR/ZAR pair.

Popular Instruments

EUR/ZAR

18.830

+0.053+0.28%

EUR/ZAR

Overview

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Key Data Points

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Indicators