Wolf123

Wolf123 Updated 

The budget reaction of South Africa was at a time just when the US Dollar index (DXY) had a surge. There seems to be a definite long-term trend reversal occuring on the USDZAR, so I advise buying on the dips rather than selling the tops. My favorite indicators say the sell opportunity is favourable with good risk-reward. There are extended targets available and I...

Wolf123 Updated 

The confluence of trend-lines is making the unit quite volatile in this coming week. The '13 0.49% trendline - retested in July 2017 - is the major hurdle, breaking this trendline would allow the unit room to grow up and fight the major 1300 resistance. The world has its fair share of problems, Brexit and terrorism in UK, Trump battles to implement policies...

Wolf123 Updated 

Ethereum is on the rise again after a correction on the 14th. A solid bounce of the centreline of the pitchfork means that the long opportunity is huge. Buying anytime between now and 370 is a great opportunity, as the correction wave and resistance trendline converge at 400. Buyers might shift focus from Litecoin and Bitcoin to this unit, making the rise over 5%...

Wolf123 Updated 

Unit could test fibonacci level at 12.68 or even lower at 12.31, then I will buy and hold for bullish trend reversal possible up to 13.7 area. High Profit/Risk ratio on this unit once it starts reversal. Motivation: Despite economic recession, Moody downgrade, political turmoil, ZAR has been strengthening. However, the longer-term effects of the economic...

Wolf123 Updated 

The Rand is currently overvalued versus the dollar below R13. Market analysts predicted a spread of R12.5-R14 for the USDZAR, making this a good time to enter the market although the general trend has been falling. The NFP of America has pushed the unit below what I believe its correct value should be, so a small upward correction is very likely, especially when...

Wolf123 Updated 

With new investors on the Chinese market and the Bitcoin market volume being surpassed by Ethereum today, my expectation is that Ethereum will continue the bull trend which has been astounding in its recovery. China markets open in 5 hours, making this an excellent opportunity to buy long. TP at 247, but I will watch carefully to see it break the trendline and...

Wolf123 Updated 

Watch the candles for positive trend past 12.90 . Set a low SL at 12.75 since trend must be good. Overall trend has been negative, so perhaps set TP at adjust and watch for further gains to 13.5 . Good start to a week?