>SASOL and the oil industry have recovered from the 2020 March oil crash >Buyers of the March had massive gains and now by the looks have taken profits >Selling off has begun with targets +R140 >130 to 157 Zar looks like a good zone where new buyers will come in
Gold was sitting around the $1825 on Friday, July 16. Silver was over $26, platinum was near the $1140 level, and palladium was around $2700 per ounce. All four of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange have been trending higher over the past years. Gold and palladium reached all-time highs over the past...
Please support this idea with LIKE if you find it useful.. EURCAD FX:EURCAD POSSIBLE YEARLY STRUCTURE OLHC (BUYS)🟢⤴️ Bullish Divergence spotted from 01 October 2019 to current market price which is also rejecting off the 78.60% fib zone. Market Structure for EURCAD in the monthly time-frame for the yearly structure is OLHC ( Open Low High Close)...
With today's price action so far, JSE:BID seems to be showing some good downward momentum. Based off of the EMA's crossing today as well as the stochastic and MACD moving downwards it looks like a downward move is on the cards. I predict that it could move down to the 28000 support level which would coincide with the support level around the 200SMA.
Please support this idea with LIKE if you find it useful.. EURJPY FX:EURJPY POSSIBLE JULY MONTHLY STRUCTURE OLHC(BUYS)🟢⤴️ EURJPY Monthly structure for the month of July 2021 in the daily time-frame is OLHC ( Buys). Buyers are still not present in market since price in the daily time-frame was unable to close above the open before the 15th of this month...
Please support this idea with LIKE if you find it useful.. EURJPY YEARLY STRUCTURE OHLC (SELLS)🔴⤵️ Bearish Divergence spotted on EURJPY starting from 1st January 2018 which also saw price rejecting below our 23.60% fib zone till current market price . Market structure for EURJPY in the monthly time-frame for the yearly structure is OHLC( Open High Low...
Guess it's time to follow up on my previous idea: Body count is going up. Some officers (including high up) going full racist, for example one guy was saying the indians choose their camp (whites). In a single raid over 1 million rounds were stolen, enough for a whole company to go to war (or capture more weapons). SANDF getting chased by civilians, bah this...
You can see if we put both the DXY and USD/ZAR next to each other how well they correlate at the moment. Both charts have retraced respectively giving a strong narrative that if the DXY respects the trend and moves higher, that USD/ZAR will follow suite. The South African economy has taken a huge knock this week due to extended Covid restrictions but more...
Possible bounce off of support or a retracement before a continuation. Either way I see the Rand weakening against the Dollar due to the current state of the nation. Target 1: 15.00000 ; Target 2: 15.60000
JSE:BVT is sticking with the upward trend and has, once again, made a bounce off the upward trend line. Along with this, the stochastic, MACD and EMAs are all showing signs of upward momentum. I think we could see a move up to the previous resistance level at around the 22000 area.
JSE:AVI has bounced off of the support level at around 7000 numerous times since early 2020. It is struggling to make lower lows, so my prediction would be that it continues upward towards the 7550 area or at least to around the 200SMA.
JSE:GFI bounced off of the strong support at around the 12700 level last week. In the past, it has gone up from this level. It is currently at another resistance level and if it breaks through that, I think it will go upwards for a nice long position.
JSE:AGL seems to be making an upswing at the moment. It recently formed a higher low and now with the EMAs crossing which was preceded by signals from the Stochastic as well as the MACD - I think we could see the upward momentum continue possibly all the way up to the resistance at around the 63500 area.
This is an analysis on AngloGold Ashanti. From an inflation point of view I think this is a good stock to invest in as gold is also now turning the trend more upward, ANG could also have a big swing up. Disclaimer: This is just my opinion on the stock. Tread carefully and best of luck to all the other investors out there!
JSE:AMS is looking good for a long position based off of our 3 momentum indicators. It has also recently found support and bounced nicely off of the 200SMA. I think we could see a nice upward move to at least the 180000 level and if it doesn't find resistance there and breaks through it could go all the way to around the 200000 level.
Precious metals (PM) have really struggled this week, with the following weekly movement in USD: Gold TVC:GOLD -5.65% Silver TVC:SILVER -7.17% Platinum TVC:PLATINUM -7.2% Palladium TVC:PALLADIUM -8.23% All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit of a recovery over the next week or two. Why is this important?...
Hi guys, it's been a while! I meant to post this on Tuesday two days ago So we see SOL making lower highs and higher lows in this triangle pattern. I think we can wait for the breakout and retest and then trade in that direction. Note I don't short because of fees on the platforms. But today looks like it might break lower. Wait for candle close. Also note the...
The Financial Post had the following to say to try to explain the fresh strength in the South African rand (USD/ZAR): "With the local economy remaining weak and facing power cuts, the rand’s recent rally has been mainly on the back of global factors, including higher commodity prices which benefit resource-rich South Africa and expectations U.S. lending rates...