With all the negative fundamentals in the United States, the RAND has benefited extensively these past few weeks trading below R14,00 level. We still observe bearish momentum and the trendline not being broken. Although we face minor pullback to 13,94 as the next level of retest. We will consider sells at that zone and more confirmation of sell moves.
While overall speculation from talking heads assuming that BTC will soon rise has proven untrue. This is as a result of price failing to break the current Resistance at 40540.6. Price failed to break this level a couple of times which resulted into strength for Sellers. Overall trend is bearish. Price could struggle to break below 34000.00 in the next couple of...
We have a bullish trend overall. However, we've been seeing a lot of weakness on of the dollar these past few weeks. We will take bullish break and retest and follow buy trade signals only. If the bullish trend is broken, we will sell on retest.
Technically this pair is a downward trend on higher time frames. However, we have a psychological area of R14,00 which price seems to struggle to break. Long Term have a taken a BUY below R14,00.
Gold has not been somewhat clear of the direction. Currently the price has been in a downward channel for Sells. We broken Support in March 2021 which then became Resistance. As at the end of April 2021 price has come back to retest this Resistance at 1797,xx. We will be looking at SELLS at the break of 1754,xx if nothing changes from Fundamentals.
Note that we only trade Price Action. Indicators will be used for extra confluence.
Ooverall we can clearly see that Nasdaq has been on a Bullish trend. However, switching over to an H4 chart we noticed that price has found Resistance at 14064.9. This level is being tested a number of times. We also have a minor Support at 13739.7 this is a level which we will...
Although BTC has shows some comfort temporal recovery on a short term. We are expecting price to have a minor pull back to 53381.7 before we see more BUYS to 57534.2.
We have hit a Weekly Resistance. Price could not break this level as it encountered more Sellers in this region. We anticipate price to go down to our 50% Fib Level at 145.129 before we can think of any move. Sells for now.
