From the previous Analysis with the Dixie, if we do see the USD index break above 119, the next target will be to all time highs. You take the difference between the high and the low of the Enormous W formation and add it to the highs. This will not be good for other currencies. Something big is brewing in the pipeline and it's about to explode! Target 2 - 166
In the medium term, the Dixie (US Dollar Index) broke out of its long term downtrend in 2014. Since, it's consolidated between a range forming a large Double Bottom. And now that the price has broken out means we can see a strong move to 120.00. What this means is we can continue to see weaker currencies such as the pound, euro, rand and yen. This can spark a lot...
On my radar, I'm just seeing downside for the banks! Even Nedbank has given a potential short position. Below Symmetrical Triangle Target 1 - R169.95 What are your thoughts?
INJ/USD - hourly chart We need a break up and out of the Falling Pennant formation on hourly. above 1.701 and the next target could be 1.946. RSI also showing buying divergence (Higher lows and Broken out of the downtrend momentum). Thank you for the suggestion.
USD/CAD has formed a symmetrical Triangle which is a pause in current uptrend direction Target up 1.4015
With all the downside, I am hoping Woolies at least breaks up and out of the Falling Wedge so we can hedge our short position and go long this retail giant. What do you think?
Discovery showing another nice short position... It's broken below an Inverse Cup and Handle on daily and momentum is favouring downside. Target R56.12.
This is NOT The year for Resources I must say. BHG is showing 3 patterns of downside to come. 1. Inverse Cup and Handle large. 2. Medium Inverse Cup and Handle and 3. Descending Triangle... If it breaches below the neckline (brim level), we can see an easy target to R325.00
While Telkom is looking Bullish, I can't say the same with Vodacom.... Head and Shoulders pattern formed and broke down. Bearish Target R98.16. What are your thoughts?
Standard Bank is showing major downside to come... Inverse Cup and Handle and lower RSI highs. We are already short Firstrand but it looks like all the major banks wants to follow.
Rising Pennant on USD/JPY Waiting for the breakout below 144.51. Bearish in nature...
Brent looks like it's on its way down! Broken below a Falling Wedge (which is rare). The RSI continues to make lower highs. and so the first target is around $67.65
XRP W Formation Waiting for a break up out of the Falling Pennant. Target 0.7018 X>200MA - Bullish
Since the break below the M Formation, Ethereum is showing downside to come. With the Ethereum Merge 2.0. Investors and crypto analysts are worried with it becoming more centralised with 5 of the largest organisations holding the biggest position in the crypto. This is causing uncertainty in the Crypto world and is scaring investors out of it. We need a strong...
Established Falling Wedge (Bullish) Waiting for the breakout then Target 1 top of Wedge 3.35 Target 2 Price difference 4.01 Thoughts?
Naspers is showing a reversal Symmetrical Triangle It has broken to the downside instead of the continued upside showing a further drop to come. This is bearish with the first target of R1,666.74.
Still waiting for a breakout to the upside. Once that happens, the target is to the top of the wedge at $3.00 The RSI is also constricting between lower highs and higher lows. I'm expecting a breakout up soon to. BULLISH
JSE ALSI 40 Short (sell) analysis Inverse C and H Target 50,000 Thoughts?