Is the JSE Top 40 Index running out of steam?
Purely technically, has the JSE reached its top? I think we are nearing it
Strong parallel channel plotted with resistance at around 73,000 and support at around 70,000 points. Price has broken the resistance and we expect a reversal to support at around 70,000, however, we are targeting lower levels for a short....
FX:USDZAR
Given triple top, a completed cup and handle, as well as break below R15/$, we see USD strength waning and a break to R14.32
Stop Loss = R15.10
Take Profit = R14.32
Long-term (1-2 years) Take Profit = R13.23
Preferred Broker:
Exness
one.exness.link
Initial Margin = $5 per $1000 (micro lot)
Recommendation:
$150 capital for this trade
5 micro lots...
We have plotted a juicy looking parallel channel on the USD/ZAR chart and we expect a move to the downside of R14.10. We havent quite seen the downside volatility that we expected, but we are waiting with anticipation for the bears to return and run the USD down to our take profit levels
Happy Trading
www.liontrade.co.za
Welcome back to another LionTrade short on USD/ZAR. We are optimistic about the Rand, but we are more pessimistic on the Dollar, so let's discuss why
We stated previously that we are bearish due to our Fibonacci retracement levels being broken as well as an RSI signalling USD/ZAR as overbought. When USD/ZAR broke R15, we waited to see what the upside would be. We...
Based on the current price action of USD/ZAR, we anticipate that USD/ZAR is poised for a pullback to the 50% Fib retracement level on the 1 hour chart. With the RSI at 60, and a temporary break of the upper Bollinger Band, At a current price of R14.93 to the $, we feel that the price should pullback to around R14.66 per USD by the end of this week (Friday...
We had a successful class on Saturday with our FREE Speed Trading Course
During the analysis section in the course, we noticed a beautiful cup and handle formation which formed, completed and the market rallied. Upon further analysis, we plotted our Support and Resistance levels and observed how the USD/ZAR pair is currently consolidating (possibly due to...
Analysing the 1H USD/ZAR chart, we see a potential long position.
We have plotted Support and Resistance levels, where we see the price is trading close to the 1H Support level. We see the price channeling upward to the R14.5865 level at minimum. We have taken a 5 lot position
USDZAR
Entry: R14.3153
TP; R14.5865
SL: R14.2240
Nikkei 225 is currently trading at the 21860 level
Analysing the hourly chart, we can see a head and shoulders pattern has formed, with the neckline at the 22000 to 22250 level. When measuring the price from the head to the right shoulder, we can see a downward movement of 1543 points. When measuring this 1543 points downward movement from the shoulder...
