sanelemakhoba

sanelemakhoba

South Africa's biggest micro lender could be hurt by the dollar and global uncertainty around the world since the banks make profit from people paying back loans and putting in deposits, people deposit less when everything in the economy becomes expensive because savings lags when compared to current state of the value of money and the purchasing power people...

sanelemakhoba

Expecting to go long after retracement. Waiting for price to establish a clear bullish signal as clear confirmation bias. This is because we also expect price to continue in the direction of the uptrend by retesting the recent higher low near last week low, keeping in line with the overall trend and Elliot Wave analysis

sanelemakhoba

Waiting for a new higher low retest above recent lower high (0.85703), near Fibonacci zone of 0.50 and 0.618 where high probability set-up's occur. The recent breakout could also be a sign of a trend reversal as confirmed by a bullish pennant chart pattern.

sanelemakhoba

Over the next the few months , this seasonal analyses is based on the idea that the Dollar could gain in strength over the next few months because of all the money that was used in the purchase of gold and ended pushing the price of it higher. Gold prices are priced in US dollars but not only that situation but also the money that has been flood in the exchanges...

sanelemakhoba Updated 

Price has been bullish for the past three weeks, making new higher highs and higher lows. In between this month, a clear double top pattern near the recent high high which could possibly confirm a reversal pattern.

sanelemakhoba Updated 

Expecting a recovery in the JSE because since the beginning of last years financial year prices have been steadily declining but also exporting mining companies in the JSE have been exporting minerals at a premium which could be good for earnings numbers. The JSE is consists of a majority of mining companies. The retail sector could also positively impact the JSE.

sanelemakhoba

South Africa's biggest micro lender could be hurt by the dollar and global uncertainty around the world since the banks make profit from people paying back loans and putting in deposits, people deposit less when everything in the economy becomes expensive because savings lags when compared to current state of the value of money and the purchasing power people...

sanelemakhoba

Price could be bullish until the elections or near and after. Looking at the price of gold which decline in the next few and no interest rate hikes expected during this could mean that the dollar that could gain in value. Global Green Policies that are aimed to protect the world could impact the price of energies minerals and commodities therefore strengthen the...

sanelemakhoba Updated 

Waiting for a completion of the Elliot wave completion near or at the flip zone, and price to make new weekly low and monthly low. Also waiting for a reversal pattern to occur before confirming the bias.

sanelemakhoba

Price has been trending upwards and correcting a few times in the previous quarter yet we still bias on an uptrend because of the recent flip in resistance to support

sanelemakhoba

Waiting for a possible entry. Looking at the recent movement , price has been making higher highs and higher lows on the daily time frame. Chart patterns like Harmonic Bat pattern and AB=CD pattern could be a likely confirmation for our bias. Waiting for price to retest our recent support at 167.078

sanelemakhoba

Expecting a completion of the rising wedge pattern and reversal in the trend. This could be possible because it would be a retest of the recent higher high on the daily timeframe.

sanelemakhoba

Firstly expecting to continue trending upwards if the starts trading above R1800-R2000. This is one company that seem to be resilient and functions in bad time because of how big the name is what it means to the people. Looking at Pick n Pay , fundamental it looks like it far fetch for it recover but it is one of the staple names in South African households. In...

sanelemakhoba

price is trending above Fibonacci retracement zone of 0.618 and completion of the elliot wave count. Expecting a new higher low to be formed therefore completing the reversal in the trend. Expected TP 0.65900 S/L 0.66990

07:25

sanelemakhoba

Confirmation from the previous idea of this pair we expecting price to reverse and possibly leaving a sell signal. Price today retested the daily high at 0.66481 confirming a clear double top signal. Our exit point is 90 pips away 0.65554. All possible sources of confluence suggest we could sell this pair for the short-term.

18:23

sanelemakhoba

a game plan of what I do, GBPNZD using technical analyses, waiting for price to either breakout the recent higher high or even create a new higher low and continue to trend upwards

sanelemakhoba

Technically a rising channel in what looks like a uptrend can be a sign that reversal could be in play in the possible future and price to retrace back to the higher low which is the support before trending upwards again. support and resistance zone are our areas of play and chart pattern happen with that area , it is only a matter of understanding technical...

sanelemakhoba

Technically a rising channel in what looks like a uptrend can be a sign that reversal could be in play in the possible future and price to retrace back to the higher low which is the support before trending upwards again. support and resistance zone are our areas of play and chart pattern happen with that area , it is only a matter of understanding technical...