JSE:BVT is currently forming a harami at a resistance and is looking like it will possibly be reversing. If tomorrow confirms, we will enter short.
Short position, check for retest in a lower time-frame, about to reach our target.
JSE:REM formed a "Dark Cloud Cover" pattern at a resistance level. If it confirms, I will enter a short position.
JSE:CLS is trading at a significant resistance level at the moment. It will most likely not break through this level. The stochastic indicator is looking like a turn downwards is imminent as well. If this level is broken and a higher high is confirmed, we could continue with the strong momentum in an upward direction. We will just have to wait and see which...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Needed to buy some euros with zar so thought i would pull up a longer term chart to see when i should be buying! So far so good, predicted yesterdays drop 9 days ago and hit my green box, if at all i will be buying again it should be around those new levels to complete our Z.
JSE:GFI seems to be struggling at a support and it could make a turn around for a long position. If it cnfirms above Tuesday's candle, I will consider a long position.
If confirmed, we can possibly be looking at a short move on JSE:DSY as it is at quite a strong resistance level, and might fail to break through it.
JSE:SBK is bouncing off of a support level which is also the 50% fibonacci retracement level, so we can expect a downward move if it confirms the short position.
JSE:BHP has failed to break out of the downward trending channel that it has been trading in and has once again bounced off the top for a downward move. We could see it continue down to the bottom of the channel, but it might also find some resistance around the 31000 level as it has before.
I had 4 successful forecasts on USDZAR and I managed to take a trade on 3 of them, here if we get a nice flag there would be a nice sell setup too
JSE:RDF seesm to be reversing it's trend at the moment and we could be looking at a long position if it breaks through the fractal.
USDZAR lining up for the all-time HIGH level of R16 to the Dollar. With the recent healthy price pullback from 15.40 we are seeing the formation of the Higher High / Lower Low Formation in play. I recommend holding Long Term on Buy Stop Pending Order for the protection of capital and reasonable risk ratio application. ENJOY!
JSE:MTN is showing a bullish engulfing candlestick pattern due to yesterdays price action. It's looking good for a long position.
CFR has formed a head and shoulders pattern which could mean a downward move if it breaks through the neckline. As always, wait for confirmation.
Possible in the we can see head and shoulders pattern on USD/ZAR. What do you think about it ?
JSE:SHP is looking positive for an upward reversal. If it breaks through the fractal level of 2 September, I will consider a long position.