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.
Please find the generally requested medium term update on the USD/ZAR pair.
Please find attached the monthly, longer- term update on the US Dollar.
Note: A crucial human bias when analysing markets is the inability to discern that markets have periods of bullish and bearish outcomes over various time frames.
Our fundamental narrative and views can sometimes ignore this reality.
While technical analysis is not always correct, it does portray a more representative long-term and nuanced approach.
Please see below an adjustment to the short- term outlook on USD/ZAR.
Please find a special report on Platinum, as requested by an All Access Member.
Please find attached the monthly, long term update on BTC and ETH.
Please find attached the weekly USD/ZAR technical update.
Notes:
The normal month- end, long term USD/ZAR will be published next week
Technical views are objectively derived off price action. No fundamentals are directly included
The periodic update of Brent and Gold, as requested by Full Access members.
We would appreciate input of markets to include into the research offering that is currently not covered, either on an ad hoc, or periodic basis.
A short note highlighting the longer-term outlook of the SA- Agri market from a technical perspective.
Remarks:
The goal is to highlight trending possibilities over the medium to long term.
Whilst most of these markets are currently consolidating, it is crucial to monitor for any low- risk opportunities that might represent themselves.
Please find attached the weekly Cryptocurrency market update.
Please find attached the weekly US Dollar outlook.
Note: The USD/ZAR report will be published as soon as some database gremlins have been sorted out.
Please find attached the long term technical analysis outlook on global benchmark 10 year bond yields.
Please find attached the monthly update on Gold and Brent Oil.
The respective views remain in line with recent price action.