Peet_Serfontein

Peet_Serfontein

Confluence of bullish techical indicators supports this. Remains risky!

Peet_Serfontein

Remains a very risky trade! A BULLISH bias is applicable above 60320. Trade setup probability: +48%. Target: 62482. Stop-loss: 61672. Downside price momentum remains a concern to the bullish trend. RSI is at 65, leaving room for further upside price potential.

Peet_Serfontein

Bullish confluence of technical indicators

Peet_Serfontein

Target R35.00?

Peet_Serfontein

Bearish confluence of technical indicators supports downside potential.

Peet_Serfontein

An overbought BEARISH bias is applicable below 63.62 Trade setup probability: -44%. Target: 62.74. Stop-loss: 64.02. Downside price momentum supports the bearish trend. RSI is at 76 – overbought.

Peet_Serfontein

A BEARISH bias (dollar strength) is applicable below 1.2106.. Trade setup probability: -26%. Target: 1.2083. Stop-loss: 1.2117. Downside price momentum supports the bearish trend. RSI is at 49, leaving room for further downside price potential. Concern remains the low Trade SETUP PROBABILITY

Peet_Serfontein

A BEARISH bias is applicable below 1795. Trade setup probability: -56%. Target: 1780. Stop-loss: 1801. Downside price momentum supports the bearish trend. RSI is at 34 – leaving room for further downside price potential.

Peet_Serfontein

An overbought BEARISH bias is applicable below 45711. Trade setup probability: -59%. Target: 42232. Stop-loss: 46166 Downside price momentum supports the bearish trend. RSI is at 71 – overbought.

Peet_Serfontein

An overbought BEARISH bias is applicable below 61.22. Trade setup probability: -44%. Target: 60.21. Stop-loss: 61.60. The lack of downside price momentum remains a concern to the bearish trend. RSI is at 80 – extremely overbought. A price action above 61.65 increases the likelihood of a sudden temporary correction.

Peet_Serfontein

Increasing confluence of a bullish bias. Remains a risk trade depending on stimulus.

Peet_Serfontein

Remains close to its lower 2 std deviation range. Remains a low conviction trade.

Peet_Serfontein

A BEARISH bias (rand strength) is applicable below 14.88 Trade setup probability: -41%. Target: 14.72. Stop-loss: 14.94. Downside price momentum supports the bearish trend. RSI is at 39 – leaving room for further downside price potential. SA Budget speech: Expected date, 24 February 2021.

Peet_Serfontein

A BULLISH bias is applicable above 35382. Trade setup probability: +70%. Target: 37692. Stop-loss: 34654. Upside price momentum supports the bullish trend. RSI is at 60 – leaving room for further upside price potential.

Peet_Serfontein

A BULLISH bias is applicable above 3792. Trade setup probability: +41%. Target: 3861. Stop-loss: 3739. The lack of upside price momentum remains a concern to the bullish trend. RSI is at 52 – leaving room for further upside price potential. Volume is however, not supporting the bullish trend.

Peet_Serfontein

Crossed above its 200-day simple moving average. Remains a risky trade.

Peet_Serfontein

Correcting upwards from the lower Bollinger band.

Peet_Serfontein

A BEARISH bias (dollar strength) is applicable below 1.2088. Trade setup probability: -70%. Target: 1.2013. Stop-loss: 1.2082. Downside price momentum supports the bearish trend. RSI is at 39 – leaving room for further downside price potential.