Trader-Dan

Trader-Dan

- Last month ended with a pinbar which is a "warning" of continued selling pressure into the next month - So far this is the case , trend is still UP although on smaller timeframes it has turned over - It will be difficult to say how deep the pull back will be but i will be looking at (4400-4440), the ambush zone from October as an area of interest -- MANAGE...

Trader-Dan

USDZAR attempted a move out of the rising wedge and is now pulling back in - R15.50 Looks like the next level to watch -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- After reversing from a major resistance zone , oil pulled back to a major uptrend support level and is so far bouncing off it . - Oscillators indicate that it is oversold - While bulls hold the low , i will be targeting the gap above at $81.60 Previous link below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as...

Trader-Dan

Interesting comparison between the major apparel retailers MRP is the leader (longer terms) but is lagging year-to-date ... Note the chart is adjusted for dividends...

Trader-Dan

I favour taking long setups to shorts but the Telkom chart is looking pretty bearish and could possibly pull back to R43.20 and then R36.50 if no support is found. A close above R49.50 will negate the view. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Break of last week's high R188.13 will open a long trade targeting R195.57 (TP1) and then R200.58 (TP2) - Below R180.40 breaks the weekly candle to the downside and negates the trade. Better risk/reward entries can be found intraday if your bias is to the long side with the opportunity to add when to a position once the weekly high is broken. -- MANAGE...

Trader-Dan

- Price is bouncing off the 200 day and a decent horizontal support level - Oscillators turning up from oversold -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

The Rand is holding up pretty well considering the Reserve bank raised rates yesterday... There is however divergence in the oscillators so looking for this scenario to play out (A move toward R15.20 zone) -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Bitcoin currently holding the 50 day moving average - Failure here could see a deeper pullback towards the 200day or an attempt to shake out longs ...

Trader-Dan

- After the previous trade going to take profit, price and retreat back to a level which presents a good opprtunity to go long again - SL and TP on the chart - Previous trade in link below -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Super move to monthly swing highs , Ayoba!! - I would not chase it here if you not currently in. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Great looking chart targeting 310 then 362/383 in the short term. Pullbacks along the way to be expected -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price looks to be breaking the recent downtrend - Oscillators are turning up - It could be a good time to stock up for the Xmas rally! - -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price found support at previous breakzone - Stochastics turning up from oversold - Looking for a move to towards the top trendline while we remain above support -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Price is breaking out of a period of consolidation on the ICLN ETF - Looking for a move back towards the swing highs while we remaining above the support zone -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

The chart shows the performance comparison between the USDZAR and BRL/USD, RUB/USD, CNY/USD, INR/USD since the 20th October 2021 swing low

Trader-Dan

- The Rand has lost almost 8% to the dollar since the lows in 20 October (2 weeks ago)

Trader-Dan

- Oil has rallied hard since April 2020 - Price has tagged a previous swing high (1st Oct 2018) and a likely area of resistance for the bulls - Major divergence of the oscillators - A healthy pullback to $76.50-78 can be expected so i will be cautious on the long side... - -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken...