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.
The longer- term bearish outlook on the US currency remains valid.
Further medium - term range trading is preceding the eventual bear trend.
We “ await” US presidential election and then “await” the FOMC meeting.
Then we will “digest” the results before “awaiting” the next important economic figures….
The expected and current market consolidation seems to be forming a bullish continuation pattern.
This phase is most probably building a base for further gains, as part of the larger bull trend.
The weekly USD/ZAR Update.
Note: We are currently at important target levels.
For premium members, a report international commodity markets, (and Gold).
The weekly US Dollar technical analysis update.
The weekly Cryptocurrency report.
The weekly technical analysis note on the JSE TOPI Index.
Note: We are at important trend defining levels.
The medium-term view of a correction has been showing signs of maturing.
Whilst the view remains for further and final ranging price action, the re- emergence of the bull trend is not too far away.
Returns are made during trending markets and we would advise careful scrutiny of important levels and price action over the next few weeks.
The weekly USD/ZAR technical analysis update
An update on our medium-term technical views on selected US mega Caps, as requested.
Our 2024 views remain valid and materializing. NVDIA has, however exceeded our initial bullish expectations.
An update on medium term local equity trade ideas.
Any suggestions and feedback on the usefulness, periodicity and market inclusion into the opportunistic trade idea reports will be appreciated.
The monthly, longer term outlook on the JSE Top 40 Index.
The month- end, long term outlook on the US Dollar.
Long term technical analysis is an attempted objective outlook on probable outcomes over time, by disregarding prevailing sentiment and narratives.
The monthly SP 500 benchmark Index, technical analysis update.
The month-end, long term outlook on cryptos.
Note: Long term trends remain crucial in the successful navigation of any market.
Exceptional returns and profits are mostly the result of capitalizing on large trends.
“The trend is your friend”