Cryptocurrencies Weekly – 14 Oct 2024
The medium-term bullish outlook on Bitcoin should be close to materializing as the recent consolidation phase nears completion.
The expected bull trend should complete the cyclical upside that started at circa $ 16 000.
This view is despite our well documented fundamental scepticism.
Ethereum remains somewhat of an enigma. It does seem, however that the market is constructing a medium-term bottom
that could result in a meaningful bull phase/relief rally.
Rand Weekly Report – 14 Oct 2024
Medium term moves have remained within long term consolidation parameters and have also consistently exhibited corrective traits.
This suggests that while the USD/ZAR pair should remain within stated parameters.
Volatility and ad hoc moves is likely to continue for the rest of 2024.
US Dollar weekly Report – 08 Oct 2024
The general bearish stance on the US Dollar remains preferred.
An expected correction in the bear trend has, however exceeded the indicated target levels.
This counter trend strength requires us to suggest a viable alternative possibility for a return to the largely ranging market conditions before the recent bearish break out.
Fortunately pivotal activation levels are quite close to current market levels.
Crypto Weekly Report – 08 Oct 2024
The general consolidation in BTC is fast maturing and should result in a bullish outcome to new highs.
ETH remains difficult to pinpoint. Our medium- term bullish outlook was neutralized after a failure to reach new highs.
The best alternative is for this market to continue with an extended and overlapping bottoming formation.
The cryptocurrency market has evolved from a highly correlated entity to the current situation where the various currencies exhibit unique trends and outcomes.
The stark divergence between ETH and BTC outcomes over time has been notable.
JSE TOP 40 Index Weekly Note – 07 Oct 2024
The maturing bull trend could have moderate further shorter -term upside potential.
Despite the short-term bullish bias, it is increasingly difficult to see a medium- term extended bullish scenario from current market levels.
Recent formations and price action suggest volatile and overlapping moves over the foreseeable future.
USD/ZAR Weekly Report – 07 Oct 2024
For the technicians and perma- Rand bears we have added a short term second alternative outcome analysis.
This is a rare formation with a low probability of materializing. A breach of 17.35 will negate this outcome
Shanghai Composite Index Update – 02 Oct 2024
Our long- term bullish stance on this market seems to be materializing at last.
Initial bullish price action has been sharp and is supportive of further gain potential over time.
The market is currently overbought and volatile interim swings are likely.
The view is purely technical. No fundamentals have been harmed or abused in any way!
JSE TOP 40 Index- The long term Outlook – 01 Oct 2024
A fair amount of detail outlining the general bull trend as an upward sloping wedge increases the risk of being wrong.
Recent medium term price action unfortunately points to this alternative as the preferred outcome.
It is not in line with the prevailing sentiment and our personal fundamental stance.
Cryptocurrencies: The Bigger Picture – 01 Oct 2024
Bitcoin and Ethereum 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 trading range.
The goal of long-term analyses is to give a visual representation of trend potential.
It is not intended as a trading or timing input but does confirm the medium- and shorter-term views.
It is also a useful input onto strategic decision making.