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
Event risk has added a fair amount of volatility, but without a meaningful change in the prevailing view.
The interim Report of a possible down break through important support levels were put on hold after a sharp bullish reversal off the important support/ break levels.
Whereto from here: While volatility decreases certainty and creates doubt, it seems that the long held technical outcome remains preferred.
The weekly Rand technical analysis update.
The monthend overview on the US Dollar.
The month- end long term technical outlook on cryptocurrencies.
Note: In an emotional trending market, we rely heavily on Fibonacci extensions to gain insight on possible target levels.
Extended oscillators are only secondary and early warning signal that can remain overdone for extended periods.
Expect volatility from current levels.
The USD/ZAR month- end, long term technical analysis.
The weekly US Dollar technical analysis update.
The weekly USD/ZAR technical analysis update.
The weekly US Dollar technical analysis update.
The weekly USD/ZAR technical analysis update.
The weekly US Dollar technical analysis update.
The weekly technical analysis update on USD/ZAR.
The weekly US Dollar technical analysis update.
The weekly USD/ZAR technical analysis update.