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...
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
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...
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.
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!)
A little stop loss, and a big way down, that's the kind of ratio we want.
Use fib retracements to partial TP.
We also have diverging oscillators, we just need a news catalyser to make it drop.
HEY!!! So i did a analysis on the DXY index for next few months and it does not look good for the dollar. Check out this video analysis on the DXY index.
Double bottom formation at key level in the market. Note the strong wick rejection (doji) around the key demand zone, as circled. Price will pull back some and it will take some time for this idea to come to fruition IF it does. I put my stop loss beneath the double bottom for a low risk to reward trade set up. Please see linked idea below to follow from start....
In this screencast, I show how shorting on a 2H time frame is optimal for me to take a controlled loss. I explain where I see the big trends and some smaller trends.
Note that this is not a prediction, or recommendation to short. I use a very different methodology which is not 'just on the charts', though at times in simplifying things it may appear like a...
Many have been watching NSDUSD. In this analysis I spot and evaluate where the bearish pressure is coming from. There are opportunities on 1H to 6H time frames, depending on reasonable risk tolerance relative to account size.
