Are we going to see sub R14.50 to the dollar?
Is the S&P500 on the verge of retracing for the short term??
USDZAR currently in an ascending triangle. A lot of bad news is alredy in the rand price. Local fundimentals is unlikely to initiate a breakout above the ascending triangle. The other side of the equation is the Dollar strenghtening which can drive the rand price breakout above the ascending triangle. The dollar index DXY has broken medium term support and if...
Shoprite has hit a TD 9 on the 15minute candles with stochastic in oversold territory. We might see a retracement to yesterday's highs in early trade, though another consolidation day just above R130 would be good so the TD on a day interval can reset.
Consolidation above the Ascending Triangle is a good thing. R140 - R150 is on the cards.
Are we going to see the DXY dollar index break down as it currently builds on a possible right shoulder?
Firmer rand on back on technical breakout.
Whilst a lot of commentators are looking for a flash crash as a capitulation point, in the medium term we might, perhaps, see an scending triangle on bitcoin playing out?
Long term rising wedge for the S&P500. If played out it could be a major CRASH.
Potential reverse head & shoulders on jse:mnd (Mondi Ltd)