US Dollar- The Bigger Picture – 30 Sep 2024
Our medium to longer term bearish stance on the Greenback is ongoing.
Further weakening is expected to reach our long-held target levels.
This is unlikely to be the move that perma- bears expect to “ dethrone the US Dollar” . It is more likely a bearish correction in a cyclical bull trend.
Rand vs major Currencie – 30 Sep 2024
The general outlook of Rand strength within larger consolidation patterns has materialized during September.
In the case of the USD/ZAR pair an extended bear phase had to be considered after the breach of initial targets, that is approaching the extended target area. The USD/ZAR move can largely be ascribed to recent USD weakness against most currencies.
The USD/ZAR and EUR/USD pairs have become extremely oversold and while there is short term room for further modest downside, the risk of bullish corrections is increasing.
JSE TOP 40 Index Update – 25 Sep 2024
The recent gains have been everything but a classic trending bull market.
Overlapping and volatile gains can be defined by a price channel.
Whilst this type of price action is common in corrections and consolidations, it is quite rare during general upside and making new highs.
The most plausible alternative/explanation for his is that a large and long term upward sloping wedge is forming.
The illustrated scenarios are self- explanatory.
US Dollar Weekly – 25 Sep 2024
The general US Dollar bearish trend remains intact and the most probable medium term technical outcome.
Cryptocurrency weekly report – 23 Sep 2024
The general consolidation in BTC continues in line with expectations and should have an eventual bullish outcome to new highs.
ETH have completed the bear trend. Our medium- term bullish outlook is materializing after a prolonged negative stance. The recent break of pivotal levels has confirmed the illustrated outlook.
Current market action allows for a fair amount of detail to be included in the views. The goal is to portray a complete and comprehensive view. It is, however, unlikely to depict the exact outcome.
USD/ZAR Report – 23 Sep 2024
The market is currently testing our long held bearish target levels. A bottom has, however not been formed or confirmed yet.
In this report we discuss feasible short term alternative outcomes that could materialize,
given current extended market conditions, importance of cluster support, as well as the prevailing bullish sentiment and conviction.
Crypto Weekly Report – 18 Sep 2024
The general consolidation in BTC continues in line with expectations and should have an eventual bullish outcome to new highs.
ETH have either completed or are in the process of completing the large bear trend. Our medium- term view is turning cautiously bullish after a prolonged negative stance.
While ETH has recently shown bullish reversal potential off target support, a break of the important pivot level that will confirm medium term gains has still not transpired.
Growing disparity between BTC and ETH outcomes has been a medium-term process and is expected to continue.
US Dollar Weekly Report – 17 Sept 2024
The general bearish stance on USD seems to be materializing.
Important fundamental announcements and data might create a measure of volatility.
The US Currency impacts global financial markets, and it remains imperative for investors and traders to have an outlook on trend potential
JSE TOP 40 Index Note – 16 Sep 2024
Global equity rhetoric and sentiment has recently become quite positive , due to several fundamental factors.
The technical scenario is in line with any immediate bullish bias, but the longer-term outlook remains more circumspect and even negative.
Our mandate is to give an objective technical perspective on analysed markets, independent of any other forecasting techniques.
Re- assessment and negation levels fortunately qualify the technical view and is, as always, important.