Cryptocurrency Report – 11 Nov 2024
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
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….
JSE TOP 40 Index Note – 04 Nov 2024
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.
Weekly Rand Report – 04 Nov 2024
Please find attached the weekly USD/ZAR report.
Brent: The bigger Picture – 31 Oct 2024
Please find attached the preferred medium and long term outlook on Brent.
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.