US Dollar Weekly Report – 10 Sep 2024
The US Dollar, as the de- facto reserve currency of the world, is central to global finances, economic growth, and markets.
It is therefore a given that a continuous bombardment of fundamental, political, and macro- economic views and opinions abound.
This ranges from the extremely bullish “King Dollar” protagonists to the “ultimate demise” of the Greenback and imminent replacement by cryptocurrencies.
The news flow in this regard is at best confusing.
Technical analysis is helpful in simplifying the complexity to “what” can transpire, instead of “why” it could happen.
Our general bearish outlook on the US Dollar is based on market action. It is a probability study and there are always re- assessment levels where the outlook is adjusted or changed.
USD/ZAR Weekly – 09 Sep 2024
The expected consolidation phase in the USD/ZAR pair is open to some interpretation.
While the shorter- term outcome is similar in nature between the two feasible alternatives, the long- term consequences and trend implications are different.
As always, developing price action will give us early insight into outcome probabilities.
US Dollar- The Bigger Picture – 03 Sep 2024
The US Dollar monthly report.
Cryptocurrencies Monthly Report – 02 Sep 2024
The long term monthly report on BTC and ETH.
Rand vs the Major currencies – 02 Sept 2024
The monthly technical analysis update on the Rand against USD, GBP and Euro.
US Dollar Report – 27 Aug 2024
The short- term update has been changed from the US Index to the EUR/USD pair.
EUR/USD is the preferred global trading currency and requests for short term analysis is therefore well founded
The US Dollar has broken out of a medium-term range with an increasing likelihood of more trending price action going forward.
Current weakening of the US Currency has a direct impact on global currencies, as well as related financial markets
Weekly Cryptocurrency report – 26 Aug 2024
If our medium-term view of continued volatile range trading is correct, then the next few months can be difficult for both bulls and bears. Target and pivotal levels are crucial in a market where sentiment extremes might just be a contrarian indicator for the time being.
A break of the consolidation parameters is required to activate a large trend.
It is a painful truth that the longer-term technical stance remains quite bullish on the eventual completion of the current consolidation.
Rand Weekly Report – 26 Aug 2024
Our medium-term bearish outlook on USD/ZAR is approaching important target support.
Moderate further downside in this pair remains part of a multi- year consolidation and most probably not the beginning of a long -term bear trend.
Bearish US Dollar sentiment has become commonplace as the major driver behind global currency moves, including the Rand.
US Dollar Weekly Report – 20 Aug 2024
Current bearish sentiment on the US Dollar is potentially correct.
The luxury of being vaguely bullish or bearish does, however not quantify the more important issues of when and from where.
Technical analysis is an attempt to do just that.