US Dollar Report – 27 Aug 2024
The short- term update has been changed from the US Index to the EUR/USD pair.
EUR/USD is the preferred global trading currency and requests for short term analysis is therefore well founded
The US Dollar has broken out of a medium-term range with an increasing likelihood of more trending price action going forward.
Current weakening of the US Currency has a direct impact on global currencies, as well as related financial markets
Membership Required
Weekly Cryptocurrency report – 26 Aug 2024
If our medium-term view of continued volatile range trading is correct, then the next few months can be difficult for both bulls and bears. Target and pivotal levels are crucial in a market where sentiment extremes might just be a contrarian indicator for the time being.
A break of the consolidation parameters is required to activate a large trend.
It is a painful truth that the longer-term technical stance remains quite bullish on the eventual completion of the current consolidation.
Membership Required
Rand Weekly Report – 26 Aug 2024
Our medium-term bearish outlook on USD/ZAR is approaching important target support.
Moderate further downside in this pair remains part of a multi- year consolidation and most probably not the beginning of a long -term bear trend.
Bearish US Dollar sentiment has become commonplace as the major driver behind global currency moves, including the Rand.
Membership Required
JSE TOP40 Interim Note – 21 Aug 2024
A short update on the JSE TOP 40 index.
The market has reached and breached our immediate bullish target levels.
This results in an adjustment to the view for an extended bull phase to higher target levels.
The market is unfortunately over- extended, giving any bullish bias a high risk factor.
Membership Required
Sasol Note – 20 Aug 2024
A technical analysis note on Sasol, as requested by an All-In-One Member.
Many adages come to mind here, but the most apt is one I use from time to time:
“Sometimes we are not sure, and other times we just don’t know”
Membership Required
US Dollar Weekly Report – 20 Aug 2024
Current bearish sentiment on the US Dollar is potentially correct.
The luxury of being vaguely bullish or bearish does, however not quantify the more important issues of when and from where.
Technical analysis is an attempt to do just that.
Membership Required
Gold Monthly Technical Preview – 19 Aug 2024
The long- term bull trend remains intact but showing signs of maturing.
In this report we speculate on the medium-term possible development of a trend ending formation, with consequent corrective price action.
This technical pattern is currently the preferred stance, but still requires near term price action to develop within defined parameters, as final confirmation.
Membership Required
Cryptocurrencies Weekly Report – 19 Aug 2024
The market is currently undergoing a correction phase which is expected to lead to a bullish reversal.
The bullish trend is anticipated to reach T1/T2 levels.
The current price action is part of a larger corrective pattern, but there's room for other formations to occur.
The K** level is crucial for the overall market outlook.
Membership Required
Rand Weekly Report – 19 Aug 2024
A well established, medium- term positive technical outlook on the Rand is now also becoming commonplace in the fundamental narrative. This could lead to further expected Rand appreciation.
As prevailing trend matures, we need to remain circumspect.
It is in a rattlesnakes’ nature to strike when least expected.