The price closed below the longer term MA and the price has tested the price zone 0.88055 and now trading below it, a second close below 0.88055 will give strength to the Swiss Franc (CHF) so let has a wait for the next candlrs close for a confirmed down trend, however the price have to close below 0.87949 so the bear market of the Dollar have a negative growth...
On the H4 chart the price movement confirms that there will be a pullback on rand against yhe dollar to 18.717... yhen the price will look up on 19.10.... for a retest to give the market a sideways movement for the next 5 months... On the other side the H1 is showing a break for the bulls on the moving avarage and giving the price strength to push up with the...
A rejection at 279.89 will push the price up to 385.31
A break at 15277.50 will cause the index to move up to 17953.83 in a few weeks times
Now that Gold n BTC are getting ready for a bull run the GBP Gains with them to supress the dollar....
Wait for a retest at 69 then know one thing from there Oil is going up....
A break on the 2011 Nov & 2023 May trendline has been broken n now the pair is looking up for a bull run to....
A break on the 2011 Nov & 2023 May trendline has been broken n now the pair is looking up for a bull run to 1.38334 its a run...
A retest on the lower line of the channel then a push up 1160.00
Going up, take a good look on the BCI on monday for a close above 11257.00 to take a run up to 11803.00 on the JSE but a loss will result in a dip move to 11257.00... wait for the BCI results n trade
If the BCI comes with a great value the JSE will see a rise to 11803.00, but if the results comes out worst it will see a loss down to 11109.00, so wait for a bullish confirmation n buy to 11803.00 , where else on the other side wait for for a rejection on that11257.00 price level n then a confirmation and sell yo 11109.00, if you are trading JSE be sure to take...
Wait for 16460 rejection n buy SBK , as the rand getting strong the Exchange is expecting the banks in SA to out perform other banks in the world by growth not net balance, so be sure to see a rejection on that price level to 19625 price level a new high for standard bank SA..
The lower trend linerejected the downside break of the the britain bears and supportedthe South Sfrican Bulls to rally up 0.04934 is a run worth taking
The bear run is more likey to happen as the feds will support the dollar to free themself from the recesion and maintain the economy
A minor pull back , a small one then bulls take over...
Then the bulls will take over upto 26.175 for a full pull back up...
but if the breakout get rejected then it will cause the pair to bounce back up to 1.28739 for a re-test.
Not good with how long will It take but the target is legit...