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.
Please find attached the weekly USD/ZAR report.
The month-end long term USD/ZAR update.
The weekly cryptocurrency technical analysis update.
The weekly US Dollar update.
Please find attached the weekly JSE Top 40 index update.
General: The probability of a large bull trend on completion of the 18 month old consolidation remains high.
Please find attached the weekly USD/ZAT technical analysis update.
Note: The break below 18.95 has activated the alternative outcome of further medium term ranging.
The weekly US Dollar technical analysis report.
The weekly JSE TOP 40 technical analysis update.
Notes:
We are trading in the middle of both the medium term and short term consolidation ranges. Ad hoc short term moves can be expected in a largely trendless phase.
The medium term outlook remains intact.
The weekly Crypto market technical analysis update.
The weekly USD/ZAR technical analysis update.
Please find attached the SP 500 interim update, as requested by customers.
Note : We realize that this is quite a brave call in the face of a roaring bull trend, but this is the preferred technical outcome.
“ Bad news doesn’t matter until it matters… but then it matters a lot!”
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.