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ZAR

GLN - Broken through consolidation areaJSE:GLN has been trading in a somewhat sideways consolidation area since 3 December and with yesterday's large upward candle it has broken through the top as well as the 5000 level - this level is a strong level on the daily as well as the monthly chart and acts as a strong psychological level due to the round number. I think we could see a nice upward move from here possibly to at least around the resistance level between 5400 and 5500.
JSE:GLNLong
by RossLarter
2
USD ZAR BUY (US DOLLAR - SOUTH AFRICAN RAND)Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/ZAR bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit. In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the dollar across the board. Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc .
by thunderpips
2
EURZAR on a double bottom 🦐EURZAR on the 4 h chart created a double bottom over a weekly support structure at 18.05000. The price then bounced and created a nice bullish impulse. IF the market will break and close above the resistance structure we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
14
Cup & Handle on MTNA Cup and Handle pattern has formed on JSE:MTN . The Cup with Handle is a bullish continuation pattern and as its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. I will look to enter long if it breaks above the high of 11 Nov with a optimistic target at the resistance around the 8800 level.
JSE:MTNLong
by RossLarter
1