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.
Please find attached the weekly JSE TOPI Index update.
The long- term bull trend remains intact but showing signs of maturing.
In this report we speculate on the medium-term possible development of a trend ending formation, with consequent corrective price action.
This technical pattern is currently the preferred stance, but still requires near term price action to develop within defined parameters, as final confirmation.
The market is currently undergoing a correction phase which is expected to lead to a bullish reversal.
The bullish trend is anticipated to reach T1/T2 levels.
The current price action is part of a larger corrective pattern, but there's room for other formations to occur.
The K** level is crucial for the overall market outlook.
A well established, medium- term positive technical outlook on the Rand is now also becoming commonplace in the fundamental narrative. This could lead to further expected Rand appreciation.
As prevailing trend matures, we need to remain circumspect.
It is in a rattlesnakes’ nature to strike when least expected.
The longer- term view on Brent is important as confirmation of the medium-term stance.
A large trend should materialize on completion of the current consolidation phase.
Volatility within a wide range looks set to continue.
These are normally hazardous trading conditions.
Static fundamental views will get you into trouble when markets fluctuate violently.
The best alternative of a bad bunch would be to let price action guide and pivotal levels keep you out of big trouble .
The relatively stable outlook on US Dollar over the past 2 years is fast maturing.
Definitive and meaningful trends are expected to develop within the next few months and have knock on effects for global markets.
Trends are where exceptional returns are made and lost.
The weekly JSE Top 40 index update.
The medium- term view of a bearish corrective phase is confirmed by volatile and overlapping price action.
Longer term investors should remain calm with a definite re- emergence of the cyclical bull trend outcome on the other side of this volatile mess.
Traders and speculators can capitalize on the interim expected trends that should occur.
The important activation and negation market levels are even more crucial in volatile corrections, as highlighted in the report.
The weekly Rand technical analysis update.
The weekly Crypto market update.
Please find attached the weekly US Dollar update.
Please find attached the periodic NASDAQ technical analysis update, as requested by an All-In-One Member.
Please find attached the weekly JSE Top 40 Index update.