ALL THE TARGET REACHED ON USDZARCheck Out All My Previous Post About USDZAR.
God is good all the time,My analysis was successfully.
Let chill and enjoy the profits,Non Farm Payroll is coming up on Friday.
Let be ready to prepare it.
Southafrica
FIRST PROFIT BOOKED,USDZAR FINALLY BROKE 18:45I am now looking forward to hit 1863 as my main Target for these week.
Transcap bottomed and could go up from here to R2.11RISKY ANALYSIS alert.
It looks like the bottom is in for Transcap. But the downtrend is strong and there is a prominent resistance line that definitely needs to break first.
Also it's a medium analysis because the Price>20 but<200MA
We have a small W Formation that has formed and price has broken above the neckline.
So I have a small target of Target R2.87.
The analysis will play as long as the support holds at R2.11.
UPDATE PPC hit target up and now we have a down target to 3.60The PPC target worked well hitting R4.75 despite it taking some time.
But then, it was top heavy turned around and crashed like no tomorrow.
DUring the crash it formed a Rev Inv Cup and Handle and broke below the rim.
So here's the update with a new target.
Price<20 but >200
Rev Inv Cup and Handle
Target R3.65
UPDATE Nampak setting for a HIGHER targetJust a quick update on Nampak.
Before a Cup and Handle formed, broke above the Rim and since then it's being moving sideways with higher lows.
Now, we have another W Formation with a consolidation pattern completing. So now that the price has broken above, it gives a stronger confirmation of upside to come.
W Formation
Price>20 and 200MA
NEW Target R556,84
Aspen showing upside to R204 despite Trump pulling funds from SAOk this isn't the best formation.
We have the price above 20MA but still below 200MA.
On the other hand, we have a solid bottom formed and a W Formation along with a Box Formation with it.
So with the pull back and the retest, we could get a bounce up which will send the price to potentially R204.60
Even though Trump has pulled funding from South AFrica due to the Expropriation Bill being announced, this will pull funds from Healthcare, to developments and more...
But it seems like the Fair value of Aspen is underpriced and the market is likely to turn up from here. SO I am bullish for now.
Growthpoint showing anything but growth technically in 2025Inv Cup and Handle has formed on Growthpoint with the price breaking below the Brim level and below the Moving Averages 20 and 200.
We see a strong downtrend established. and it looks like it's about to enter into Penny Stock Territory.
Target R9.38
Firstrand looking horrendous - Target to R64.47Inv Cup and Handle has formed on First rand.
Price<20 and <200 which makes it a Medium Probability trade.
But judging by the large down candle and the Fair Value Gap - means momentum is strong to the downside.
Target R64.47
This is strange considering how bullish the JSE Top 40 is looking. So it might be either a large fakeout or there is downside to come for the banks.
JSE 200 next target up to 85,321 thanks to 3 Bullish signalsHigh Probability Analysis has lined up with the J200 (JSE Top 40)
We have three bullish confirmation signals including:
1. Up channel (Between the two ray trend lines)
2. Cup and Handle (Wait for break for complete confirmation)
3. Price>20 and 200MA
Target 85,321
Great for upside and buying stocks with the JSE!
GBP/JPY October Strategy: Bearish Reversal Confirmed with TDI
GBP/JPY October Market Analysis and Trading Outlook
The GBP/JPY monthly structure for October presents an open high-low-close pattern, signaling a potential sell setup. This bearish outlook has been confirmed by the TDI (Traders Dynamic Index) cross, indicating that it is now appropriate to consider sell entries.
Key Technical Highlights:
1. Daily Timeframe Open High Structure: On the daily chart, the price action for the month of October has established an open-high structure, which is often a precursor to a shift in momentum, supporting a bearish setup.
2. Consolidation and 'M' Pattern Formation: The price has been ranging at the highs, creating a period of consolidation. This consolidation resembles an 'M' pattern, a classic reversal formation seen at market exhaustion points. This pattern is significant as it suggests a potential reversal from the current high, reinforcing the bearish outlook.
3. Bearish TDI Cross Confirmation: A bearish TDI cross has occurred, signaling the presence of sellers in the market. This cross is a crucial technical indicator that validates the entry for sell positions.
Take Profit Levels:
- Take Profit 1: 193.000
- Take Profit 2: 192.000
Trading Advice:
Although the bearish TDI cross has provided confirmation, it is important to remain patient and ensure that other market conditions align with this setup. Always wait for valid signals and maintain proper risk management when executing trades.
If you find this analysis helpful, please like, comment, and follow for more updates. I’ll be sure to follow back. Best of luck with your trading endeavors!
---
UPDATE Murray and Roberts - Th big restest in play before upsideSince the last update, M&R was heading up on a smooth trajectory.
The bears probably thought it was going up too quickly and too soon.
So there is a temporary pause in the uptrend with the inv cup and handle.
We are likely to get an uptrend test to see if there are any sellers around that area.
If ther price bounces from there or anywhere around the higher low, we could see it continue with the current target at R4.75
UPDATE ACL Profit target reached at R2.22Since the price broke abbove the W Formation and the Price went above above 20 and 200
THe momentum and buying just took off at an alarming rate.
So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis.
So what now?
Now, it's in a dangerous area. The trend is so steep it can come down just as fast.
If the buyers have conviction they will drive the price sideways first before the next buy up.
But we'l have to give it some time before we decide.
ASPEN nearly ready for a strong shot down to R151.06!Inv Cup and Handle has been forming on Aspen.
The price is >20 and 200 showing that the momentum is down.
I am eagerly waiting for a strong break below, before I look at getting into a long holding short (sell trade).
My first target will be at R151.06
UPDATE: Transaction Capital ready to ride to R5.30
Medium Probability Analysis has formed on TCP.
The price is below the 200 and above the 20MA.
But what's important from the last update is the support level has been tried and tested and is strong at R2.30.
Hopefully it is impenetrable and will keep the buying and demand up.
The W Formation has formed, broken up and now we need a strong push from buyers to get this up to the first target at R5.30
UPDATE: Arcelerormittal on track to the first target to R2.22Arc from the last update completed the W Formation.
It finally broke above and what pressure there was for the buying and demand to kick in.
The Price is above 20 and 200 and the momentum is strong on the up.
This is a high probability long (buy) analysis
Target R2.22
Stadio trend haven heading up to R6.70?Since July, Stadio has been in a a strong trend up.
I've drawn a diagonal Rectangle pattern showing the support and Resistances.
So if the Path continues, we can see it coming a bit down before making it's way up to R6.70.
We need to be aware of the support and resistances and if there are any breaks, the analysis may change.
Until then it's going up.
CAD/JPY Buy Setup Pending Bullish TDI ConfirmationCAD/JPY is showing an OLHC structure for September on the daily timeframe, indicating a potential buy setup.
Buyers are expected to enter the market once a bullish TDI cross appears on the daily chart. My target after the bullish cross is 108.000 .
Trade with caution, and if you find this idea helpful, please support it with a like, comment, and share."
"EUR/JPY Buy Setup Awaiting Bullish TDI Confirmation"EUR/JPY has formed a perfect OLHC structure, indicating a potential buy setup. Buyers are expected to enter the market once we see a bullish TDI cross on the daily timeframe. Key confirmations include a bullish divergence and the OLHC structure on the daily chart. After the bullish TDI cross, the take profit target is set at 161.250 .
If you find this analysis helpful, please support it with a like, share, or comment.
EURO showing strong downside against ZAR to R17.85M Formation has formed over the last few months with the EUR/ZAR.
The price broke below the support which has become the resistance. ANd the price has been coming down on a trajectory to the psychological level of R19.00.
Now, if it breaks down further, I might be too optimistic but it looks like the next target could hit is R17.85.
What are your thoughts?
City Lodge heading to the sky at the target R5.35We are revising the analysis from last time City Lodge.
It formed a Falling Wedge which almost touched the stop loss.
The price broke above both W Formation & Falling Wedge and has formed a strong uptrend (safetyline)
So the high probability analysis still stands with Price>20 and 200
Target R5.35
PPC Limited 3 breakout patterns upside to R4.75W Formation has formed after 2 more breakout patterns before.
They are looking great for upside and the high probability trade is set with Price above both 20 and 200.
First target set at R4.75
Adcorp after months broke above the Cup and Handle target R7,37Cup and Handle has formed after months and has finally broken above.
And now the bulls and uptrend is in tact.
It's also confirmed a high probability analysis with
Price>20 and 200
Uptrend (safety line)
Target will be set to R7.37
Nampak on par with the second target at R494.75Since the first target was reached, we then had a Trend traders haven.
Then we had a CUp and Handle form which broke above confirming upside.
The analysis turned into a high probability analysis with Price>20 and 200
The second target is therefore on par to R494.75
