We have a trendline breakout on the H4 + South African President Elects New Minister. Ideal time to short this pair that's overbought.
Here we have a low cap REIT that I can see will grow into the billions (one day soon, but not so soon as I would like). Immigration has ben slow these last covid years but that tide is turning now so Texas should grow. California is expensive and people are moving to Texas so it should grow. Tesla and other companies are moving to Texas so Texas should grow. Work...
USDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70. We see a very clear price has reached...
Diamond formation Higher probability for upside Target R120.00 Concerns: If price breaks below the Diamond, it will crash hard to R76. But right now the signs are pointing up.
HTF (High Time Frame) outlook for the South African Rand. Lets see how it plays out over the coming months. I am currrently positioned long and per the box, break down from here and you target the next range below for some action. HTF charts take long to play out. Wonder what the news will be .... USD at monthly resistance, so probably heading to the lower box....
What's happening here? 1 - There is a sharp ATR spike for the down side. 2 - Price has made a struggling rebellion (so far). At each sharp spike of the ATR price has travelled south. That doesn't mean price is bound to do the same again. However the latest spike down is even sharper than the previous two. What this means is that there is a 51% chance of...
1.2300 seems to have a lot of confluences pointed towards. Its a heavy 300+ pip movement towards the downside but it could indicated the movements to come on the rest of this week and into next. It would be a good idea to await a little more pressure to the downside with a downtrend to fully form on the lower timeframes such as the 1 hour. Upside scenarios...
Risk markets were a bloodbath this week. Explosive moves in the RV yield curve space caused ripple effects across a variety of asset classes. The US equity market was significantly affected, albeit only 2.5% from SPY ATHs. That said, there were some vicious sector rotations with momentum (TSLA,AAPL) really underperforming. EM took the brunt of this hit too, with...
South Africa is one Emerging Market economy poised for success given the recent dollar weakness. Today's retail sales data, +2.6% YoY vs 0.4% last month proves sequential acceleration in the macro data. Moreover, the noise around Eskom and SAA has been going on for years now and is merely noise. The only cause for concern would be a further downgrading of the...
This is my first analysis I published on TradingView. I have bought Sasol at multiple levels over the last few months. I entered at R60 and bought a bit more to the top and sold out at 155 keeping the houses money invested. As many have seen and spoken about Sasol fell from a peak in covid of R180 and Showed resistance and support at R150 , Lost Support and...
A higher time frame view of how we see the US30 behaving this week we have provided upper and lower targets and also potential buy and sell zones support and resistance is noted as well
Hello everyone the weekly chart for this market shows the downtrend in the next week. but to be sure of the successful seller entry it is better to wait for the break in level 0.056114 also we must be vigilant of the change in the direction of the market please subscribe for more details
Price hits a falling trendline resistance and might continue the prevailing trend if this resistance holds.
I'm showing why I think Cable - GBPUSD is bullish. There are opportunities for the north on 1D, 6H and 4H time frames. There are opportunities for a shorting on the 1H time frame and lower. It all depends on the size of an acceptable loss.
Things are still bad for SOCs in SA. I predict the Telkom plunge is still early, I'll be waiting at the next support Good luck and follow me for more!
Pound strengthening, breaking the 0.382% retrace. An hour left in the monthly candle but it's finishing strong which usually indicates a continuation into the next month. Target 0.500%. (...just in time for booking a driving and safari holiday!)