Basane

Basane

I see this as an insight ti what is happening with the South African economy. Lets have a look:

Basane

Monthly We can see clear breakout of the downtrend. XAU continued moving in an upward channel and broke the 137x supply zone. Strong push up which had rejected at 160x demand zone Weekly On Weekly we can see the H+S formation within the channel which is now complete. Daily There was a touch and rejection off the Weekly channel which continued to form...

Basane Updated 

We have had a breakout of the downward trend on the weekly. Price then proceeded to retest the breakout and headed up for a double top Ideas entry for a short would have been at 146.982 with SL at 147.250 with TP at 145.785(4.75 RR) and TP 2 at 145.200(1:7 RR) We may have missed that entry but we can look for buys if bounces of demand zones at...

Basane Updated 

We had bearish momemtum on the weekly chart FX:USDZAR Formation of flag pattern Break of the flag pattern We will now wait for retest of break and buy to the upside TP1@ 14.68573 TP2@ 14.82020 TP3@ 14.9522

Basane

Hi Guys This is is my outlook on USDCNH. Bearish momentum but could be reversing.