On Friday, South African equity markets were stable, holding near the lows of the week and continuing to trade within a tight, two-day range. For the session, the All Share closed 0.05% higher at 57130, while the Top 40 index was in the green by 0.12%. Supporting the positive close was Naspers (+2.61%), Discovery Holdings (+2.27), Firstrand (+2.23%) and Tiger...
On Tuesday, the reality of South Africa's economic challenges manifested itself in the data set released by Statistics South Africa which showed that the economy contracted by 0.7% for the second quarter of 2018, following on from a 2.6% contraction in the first. Immediately following the release, weakness was seen in the Rand which saw a sharp sell-off from 15.02...
It was "Throwback Thursday" on the JSE as the index gave back all of the week's gains due to the extended emerging market contagion. This time we (again) cried for Argentina as the central bank raised interest rates to 60% which saw it's currency plunge to an all-time low of 41.35 to the US Dollar. This impact was seen in the local unit as the Rand closed weaker...
Global equity markets started the week on a strong note, continuing the upward momentum following comments last week by the Federal Reserve Chairman Jerome Powell that the committee sees "gradual" interest rate increases and no clear signs that inflation would accelerating above target. Adding to the "risk-on" sentiment was the revised trade agreement between the...
On Friday, the South African equity market continued to tick higher, buoyed by a general risk-on sentiment as well as a weaker US Dollar and lower US Bond Yields. On the day, the All Share Index added 1.02% while the Top 40 Index was higher by 1.17% lead by Pepkor, Glencore and Naspers while South 32, Standard Bank and South 32 weighed on the index. In Europe,...
Local equity markets continued to trade strongly on Wednesday as a weaker US Dollar helped to bring relief to the battered emerging markets, which have been under significant pressure year-to-date. On the day, the iShares Emerging Markets ETF advanced by 0.79%, continuing to bounce off the YTD lows. On the JSE the All Share Index closed higher by 1.64% while the...
Rumblings throughout the financial markets continued on Tuesday around US Donald Trump being concerned about the Federal Reserve raising interest rates. As you may well know, higher rates in the US means a stronger US Dollar but could also spell trouble for equity markets which for nearly a decade have relied on low interest rates to borrow cheaply and fuel...
Morning Star from the Fib arc marked the start of Elliott wave 1-5 cycle. Shooting star marked the start of wave 4 which should end at 20 EMA (BB central band) from where wave 5 will start.
Bitcoin Monday Morning Feeling Bitcoin finally gave up the weekend rally with a little double top at 8399 before falling away overnight to a low at 8005 at 06:00 gmt/01:00est A break below 8000 was needed to trigger the next short from here. Since then it's made a little counter-rally but looks vulnerable again once it fails and the small rising dynamic...
Morning star got formed 3 hours ago on GBPNZD daily when NY closed. Last time it was seen on the daily chart of this pair was more than a year ago in early March 2017. After last year´s GBPNZD morning star the bullish move was for over 1600 pips all the way into May 2017. Morning star is one of top 6 reversal signs. Earlier we had bullish engulfing which failed to...
Shorted Gold earlier this morning and still running. A little bit late for enter now but we should see nice down moves till the end of the week.
USD CHF POTENTIAL SHORT TARGETS D, W
Daily and weekly 123 in play no r4ds nor candlestix i will not be trading live because does not suit my trade criteria but it seems to have a nice bounce off 50ema with also small channel and 1hour candlestix and green r4ds
I marked morning start pattern on the weekly chart. Pair couldn't go down below 0.00000010 for last 18 days. We have seen huge spike of price during this week. It seems to me that it is just a begging of the new trend and price in future will touch 0.00000100 mark. I wouldn't put big money on it no more than 5% percent. I think that TP area is pretty safe...
Further downside likely: Price is fading and losing momentum on the higher lows these last two days. Support at 2345 looks stressed. 2360 is key resistance and is establishing a downward trend - definitely watch how price behaves on a rally 2353. Key notes on the chart.
Go long on this very good bullish reversal candlestick pattern with confirming price action at a support area. This is the turning point for EURCHF. Get ready for a big move up. Stop goes underneath the doji candlestick OR the brexit low.
FX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...