Macro Monday 50 The Ivory Coast ~ The Cocoa Centre of the World This week we will look at the investment opportunities presenting in the Ivory Coast which is the world’s largest producer of cocoa. This booming economy is expected to continue grow at a 6.6% GDP growth rate which competes with the likes of India (covered on a previous Macro Monday). Today we...
NYSE:JMIA is retesting the $5 support level which is a major point of interest. Bouncing off this level is a good sign for strong buyer interest and a sign of further uptrend. Bullish Case Growing e-commerce market in Africa: Africa has a rapidly growing middle class and a young, tech-savvy population. This presents a significant opportunity for e-commerce...
this is just a follow up post on this initially called EG set up. Price decided to respect the zone, I've placed my breakeven appropriately . initial setup attached.
i can see price pumping up to meet the nearest significant supply zone, be the bears can dominate the market.
price may retest the supply zone highlighted before letting the bears to take control of the direction
EURUSD will rise until the previous weekly high, and reverse on thursday new york session going lower for a very long short
We have a trendline breakout on the H4 + South African President Elects New Minister. Ideal time to short this pair that's overbought.
USDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70. We see a very clear price has reached...
JPY BASKET For basket selling opportunity is high probability due to yearly analysis , sellers are more strong as we have seen 12M candle of 2022 we manage to create all time LOWS and that is where we are heading because sellers are maintaining their selling pressure / opening price are defended
Terrible liquidity of a stock. The bias is bullish with higher lows and a Cup and Handle in the process... We still need to price to break above the brim level, before we confirm the upside. RSI is below 50 - which is not great but considering the high volatile low liquid nature of the stock, we can only expect it to move like this. I remain optimistic and...
Diamond formation Higher probability for upside Target R120.00 Concerns: If price breaks below the Diamond, it will crash hard to R76. But right now the signs are pointing up.
Africa ETF $AFK testing multiyear downtrend with an inverted head and shoulders pattern. Testing the 72/89 EMA cloud. Breakout to the upside would likely go at least 15% up.
HTF (High Time Frame) outlook for the South African Rand. Lets see how it plays out over the coming months. I am currrently positioned long and per the box, break down from here and you target the next range below for some action. HTF charts take long to play out. Wonder what the news will be .... USD at monthly resistance, so probably heading to the lower box....
Would be looking to buy this down in the 17 area Should do well longer term NOT TRADING ADVICE GRI 2022
Hi, My Name is Victor. This is the first time I decided to go public with my strategies. My strategies are not 100% efficient but they are sure to give you some returns for your investment. This strategy is based on volume and price and movement. The major indicators used to arrive at this idea are purely technical though am aware that Africa Prudential PLC....
Good morning, nothing really technical here today folks just a reminder that one Geopolitical Event In Ukraine caused the market to move sharply to the upside. The power of real money cannot be denied during times of Bank Freezes or even Invasions & Occupations. Bitcoin passed the test once again, when millions of people donated BTC to fund Ukraine's Military....
Hey traders, we are monitoring AUDUSD for a buying opportunity around 0.717 zone, once we will receive any bullish confirmation the trade will be executed. I see a long-term movement of the pair. First the trend line has been retested for the several times and the AUD index shows a long-term upward price movement. Wait for the break out of the trend line , retest...
crab harmonic pattern: 1.6 BC=$0.00001394 2 BC=$0.00002218 2.24 BC=$0.00002969 2.6 BC=$0.00004701 3.6 BC=$0.000158