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Is #CML #Coronation a buy at these levels? Well on a weekly graph, over the past couple of years this share has traded in a descending channel. We are currently just below the mid-point of this channel. Image 1 TD indicator on the weekly chart shows extreme oversold levels and we have reached a perfected 9. Image 2 The...

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So the 10 year yield has run hard on interest rate hike expectations. However, as can be seen from the chart, the yield is currently about 93% above its 50 month moving average, the highest it has ever been...by far. Using the TD indicator one can also see that the yields are potentially topping this month. As can be seen from the Stochastic and RSI below, both...

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It looks like the #USDZAR South African Rand will test R16.70 in the very near future. If this happens, brace yourself for even a weaker Rand. However, slide in Rand is also because of falling commodity prices. This fall may be at a turning point right now with the dollar that might have reached a top which will boost commodity prices. Thus, short term forcast...

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o Two main drivers for the DXY over the last couple of weeks / months are: Interest rate expectations Worse currency performances by the EURO JPY However, the weekly graph of DXY is in extreme overbaught territories with the TD indicator currently on a 9 Also the weekly graph of the DXY has a TD indicator of 9 Stochastics and RSI is also in overbaught...

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Two main drivers for the DXY over the last couple of weeks / months are: Interest rate expectations Worse currency performances by the EURO JPY However, the weekly graph of DXY is in extreme overbaught territories with the TD indicator currently on a 9 Also the weekly graph of the DXY has a TD indicator of 9 Stochastics and RSI is also in overbaught...

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By the looks of it, we are working on a right shoulder of the inverse head-and-shoulders pattern. Projected move will take gold's price up to the high we achieved 24 Feb when Ukraine was invaded. This is a bullish development in the price of gold as simultaniously the DXY is also moving higher. #gold

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solid white lines - multi year trend line blue moving average line - 50 week MA red moving average line - 200 week MA pink moving average line - 128 week MA It seems like the #DXY got rejected at the 618 fib retracement level. As it is currently in a rising wedge pattern, if we break the wedge to downside, 95.13 will most like be temporary support, however: Based...

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#SPAR shareprice is showing great weakness: Consolidation range SPAR is currently trading within a multi year consolidation range (between white trend lines). However it is trading near the bottom end of this range, already showing some weakness. Head & Shoulders The purple line indicates the multi-year pattarn's neckline. If it breaks to the downside, this...

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So it seems like gold has form a nice base at 1800. Cup & handle pattern will take the price potentially to long time resistance of 1833. On the back of a DXY dollar that a good pullback from last week Thursday, Gold is in a very nice position. Compounded by higher inflation expectations and most probably the FED not really able to rise rates, with a US economy...

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With 10year treasury yields under pressure, high inflation, with expectation of a higher inflation print this coming Thursday, together with a weak dollar, this inverse head&shoulders pattern (hourly graph) has a very high potential of taking gold even higher. Together with the ZAR that has reached a short-term bottom, I am bullish on gold miners having another bull run.

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With Gold falling below its November low of 1862, we might get short term bearish on the price of gold. HOWEVER Bond yields are rising for 2 potential reasons; economic growth or inflation outlook. Though short-sighted wallstreet may think a major recovery is on the cards, the US market was in dire straights before covid already. Inflation prospects is thus...

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Earlier this week the DXY has tested the support line and jumped off it. It has now retraced 50% of that move. If we test the yellow support line again, we have a right shoulder of the bigger pattern, and a completed head for a smaller head & shoulders (as part of the right shoulder of bigger pattern). This is bearis for the dollar...great for gold.

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Will we see the cup & handle upside? To support >R22 on Dischem is the recent inverse head & shoulders on Dischem (weekly) that also plays out to >R22

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SA Banks going lower quite a bit in the near future becomes a greater possibility: 1. DOLLAR seems to make a short term correction so we might see a weaker RAND which in turn is not good for banks. 2. The recent bank results were not good regarding provisions. 3. And then obviously the descending triangle. If the triangle plays out chances are good I will do...

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This descending triangle on the SA Banks 1hour chart looks a bit intimidating. My guess is that it will break the bottom support line. Lets wait and see

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A descending triangle exists on Netcare. Within this triangle we have a head & shoulders pattern. Breakdown of these two patterns could result in prices between R9 - R11. I believe this will be a fall and immediate correction to retest the bottom of the descending triangle, so perhaps there is a short term trade in Netcare, for those with the necessary apitite.

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With the dollar being so oversold (for good reson perhaps), it seems like the dollar is making a short term correction, leading to lower commidity prices. Have a look at the blue line indicating the neckline of a potential Head & Shoulders on the gold price. There might be a very nice entry point into gold and silver in the very near future.

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The EUR/USD has now started braking down indicating a strenthening of the US Dollar . The head and shoulders pattern has now braken the right shoulder and the neckline has been tested and respected as resistance. Strenthening US Dollar coinside with the US markets having another down day. With GOLD & SILVER being very volitile the last 24hours, we might see a...