The expected bull trend could be maturing as it approaches important target areas.
While the recent bullish view and important target levels are retained, limited subdivisions in the move from 17.29 to current levels creates a measure of short-term uncertainty.
We will update the interim outlook as more price evidence avails itself.
US Dollar strength has exceeded our expectations and necessitated some adjustments to the medium- term outlook.
It seems that recent fundamental events have had a marked influence on the value of the Greenback.
Market behaviour and trends do not always abide by our expectations and analyses.
Besides being a lesson in humility, it also emphasizes the importance of pivotal technical levels as a disciplined investment approach.
The Bitcoin bull trend is in full swing towards the stated target levels.
Interim corrections and consolidation periods are natural occurrences during an impulsive bull trend.
Current medium-term advances should complete the cyclical bull trend and be followed by a multi month decline.
Ethereum is also experiencing a bull trend after a period of solid base building.
The long term outlook on this market remains somewhat uncertain
Please find attached the month- end report on the Rand.
Note: This report analyses the Rand relative to the US Dollar, Euro, and Pound.
To intention is to highlight the various outcomes and find confirmation for the medium to longer term outlook.
Please find attached the monthly, longer- term update on the US Dollar.
Note: A crucial human bias when analysing markets is the inability to discern that markets have periods of bullish and bearish outcomes over various time frames.
Our fundamental narrative and views can sometimes ignore this reality.
While technical analysis is not always correct, it does portray a more representative long-term and nuanced approach.
Please see below an adjustment to the short- term outlook on USD/ZAR.
Please find attached the monthly, long term update on BTC and ETH.
Please find attached the weekly USD/ZAR technical update.
Notes:
The normal month- end, long term USD/ZAR will be published next week
Technical views are objectively derived off price action. No fundamentals are directly included
The weekly Crypto market technical analysis update.
The weekly USD/ZAR technical analysis update.
The weekly US Dollar technical analysis update.
Note: Minor adjustments to the short term view has been made.
The weekly cryptocurrency technical analysis update.
Note: Volatile market conditions should prevail, as the respective maturing bull trends start to unwind.
The weekly technical analysis update on USD/ZAR.
Note: If the medium-term analysis is correct, then we are closing in on the end of a one-year-old consolidation phase, resulting in potential trending conditions
The monthly outlook on the cryptocurrency market.
Note: We are repeating the month- end, longer term report from last week.
The daily and short -term analysis adds little value during a runaway trend with little subdivisions, while the bigger picture does give some insights.
PS- Our fundamental views on these markets has been completely wrong (up to now). Thankful for trend following technical analysis.
The weekly US Dollar technical analysis update.