Rand Weekly Report – 11 Nov 2024
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.
Rand Update – 07 Nov 2024
Please find the generally requested medium term update on the USD/ZAR pair.
Cryptocurrencies Weekly Report – 05 Nov 2024
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.
US Dollar Weekly Report – 05 Nov 2024
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….
Weekly Rand Report – 04 Nov 2024
Please find attached the weekly USD/ZAR report.
US Dollar: The Bigger Picture – 30 Oct 2024
Our longer- term bearish stance on the Greenback remains valid and is ongoing.
Recent gains have, however indicated that the 18-month-old consolidation phase remains in force, effectively postponing the larger bearish potential.
The long-term monthly analysis confirms the respective weekly views.
The US presidential election and upcoming FOMC meeting could result in volatility, but this report does not take any fundamental drivers in consideration as a purely technical outlook.
Users can overlay and include their own perceptions and analyses.
Cryptocurrencies- The Bigger Picture – 28 Oct 2024
Bitcoin and Ethereum’s technical pictures continue to diverge.
While BTC is consolidating as part of a cyclical bull trend, the long-term outlook for ETH remains more muted with volatile moves within a wide triangular trading range.
The main goal of long-term analysis is to portray possible large trends as the primary driver of returns and profits.
It is not a trading or timing input but can be used confirm the medium- and shorter-term views.
Rand Monthly Report – 28 Oct 2024
Please find attached the month-end Rand report where we examine the local currency against the major global counterparts.
US Dollar Weekly Report – 22 Oct 2024
While the longer- term bearish outlook on the US currency remains valid, medium- and short-term outcomes were adjusted since last week’s report.
The alternative outcome of consolidating market action was validated by extended short term appreciation beyond pivotal levels.
Further medium - term range trading has postponed the still relevant and eventual bear trend to new lows.