A bullish engulfing candle formed on JSE:REM with yesterday's price movement and a long position was triggered today. we are looking at a target around the R153.50 level.
A head and shoulders pattern has formed on JSE:CFR . The neckline is ascended slightly, but I think it has a fair chance of playing out. The target is down at the R89 level.
The exotic pair of the U.S. Dollar to South African Rand (USD/ZAR) has not correlated strongly with other USD pairs since this year. In fact, the USD is down 1.3% against the ZAR since the beginning of the year, all the while, the USD index has been super bullish, up 6.1% YTD. While performing better than the GBP, EUR, and other major partners, the USD is still...
JSE:AGL has triggered a long position with today's movement. The stochastic, MACD and moving averages have all crossed upwards, signaling the upward momentum.
The USDZAR pair is replicating the previous Cycle of 2016-2019 and right now is at the final Accumulation Phase before the rally to a blow-off top. What the comparison suggests, based also on the 1W RSI (attention the price action is on the 1D time-frame though), is that we may soon see a pull-back towards roughly 15.100 to September and then a strong finish to...
Helloooooo traders....USDZAR showing signs of a drop coming most probably during NY session. Keep a lookout for a reaction at price 16.3000 for a fall. Risk small....happy trading.
Disregarding today's move, JSE:ANH is looking good for a short position. If it breaks through the 855 price level, I will enter short.
JSE:SOL is showing all of the signs for a short position. EMAs, MACD and Stochastic have all crossed downwards. Looking for a move downwards towards the 302 level
It looks like the #USDZAR South African Rand will test R16.70 in the very near future. If this happens, brace yourself for even a weaker Rand. However, slide in Rand is also because of falling commodity prices. This fall may be at a turning point right now with the dollar that might have reached a top which will boost commodity prices. Thus, short term forcast...
A short has been triggered on JSE:EXX this morning slightly below our desired level as it gapped down with the opening. We are looking for a move down to the 176 level.
JSE:SBK is showing downward momentum and is ready for a short position.
JSE:GRT is showing some great downward momentum and is ready for a short position.
A morning star pattern has formed on JSE:NPH over the last few days. If triggered, this could mean a move to the upsode.
A large bullish engulfing candle has formed on JSE:IMP . This is a bottom reversal signal and I think we could see a nice upward move from here.
I see confluence forming as the price moves above the Moving Average, look and see if price action breaks past 0.218 fib, if it does, proceed with a long. Check FIB levels.
JSE:VOD is showing signs for a downward move. I will enter short at the 153 level.
As with JSE:NPN , JSE:PRX is also showing signs for a long position as per our momentum strategy.
All three of our momentum indicators are signaling a long position on JSE:NPN . So if it continues up today, we will enter the trade.