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.
Please find the generally requested medium term update on the USD/ZAR pair.
The expected bull trend on Bitcoin is materializing after a meaningful break out of the consolidation parameters.
Ethereum’s technical outlook remains elusive with a variety of potential medium-term possibilities. We retain the preferred view of base building for an eventual meaningful bull trend.
It seems like the market has decided on its choice for the preferred cryptocurrency, whether we agree with it, or not.
Please find attached the weekly JSE TOP 40 update.
Please find attached the weekly US Dollar update.
Please find attached the weekly Cryptocurrency technical analysis update.
Please find attached the weekly USD/ZAR report.
The weekly JSE TOP 40 technical analysis update.
Note: The recent downside has neutralized the immediate bullish outlook.
We are once again in consolidation mode.
The US Dollar technical; analysis update.
Weekly crypocurrencies report.
The monthly Rand technical analysis update.
Note: Recent price action points to a possible continuation of the range trading (see daily chart).
The month-end, bigger picture outlook on the JSE TOP 40 Index.
The monthly, longer-term outlook on ETH and BTC.
An adjustment to this mornings report.
The monthly Brent technical analysis update.