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The DXY has been on a bull run from July 2023 and eventually broke the resistance band of a major falling wedge and the 105.24 USD level, which it then restested with a mini falling wedge and closed strongly bullish on 24th Oct 2023 and broke its own resistance band on 25th Oct 2023. The Index currently seems to be on its way to seek support around 105.65USD as a...

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JSE:PPH found support around R9.60 in mid 2020 and went on a rally to retest the R27.40 highs of December 2017, effectively closing the first week of November 2021 with a shooting star after being pushed to the downside from R27.59. Price has been on a downtrend since then and is currently in a corrective phase in the form of a bearish flag, taking a potential...

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XAUUSD suffered a price beatdown from its May 2023 highs of 2079.60 USD. Price has been trading in a falling channel and is now currently at the support band of the channel, coinciding with the support of Feb/March 2023 before it rallied to the May highs. Friday closed strongly bullish at these levels, signalling interested buyers of the yellow metal. factoring...

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US100 has been trapped in a bullish pennant with its divergent high around 15814 USD beginning of August 2023. Price has twice confirmed the Fibonacci Retracement level of 23.6% of the initial bullish wave as support at the lows of the pattern. It has been trading around a flat 50 day EMA and closed Friday with a bullish engulfing candle at the 50 day EMA, giving...

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JSE:DRD tumbled from highs of R29.50 in July 2020 and faced a sell off until it found support around R8.80 and rallied to R25.46. The high at R25.46 had a bearish reaction at the 76.40% Fib retracement level of the previous bearish phase and price has been painting a falling channel since then. With market gaps below current levels, we may see some more downward...

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JSE:MTN went on a rally in March 2020 from lows of R26.25 and painted a high at R211.49 The instruments seems to be in a pullback phase after that strong bullish impulse. Price is currently painting a falling wedge, which may be a signal that a reversal of the current downward momentum might be in play. over the short to medium term, price may consolidate...

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The DXY closed off yesterday with a beautiful 1D bearish candlestick after making a 3rd touch of the steep rising channel resistance band. The Greenback buyers may take a little break from these levels and a slip below 105.30 USD may be a signal that short term USD selling is on the horizon, with confirmation being on the break of the channel's support band. To...

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JSE:OMN had an eventful 2022 and managed to rally to highs of R87.75. The stock however ended the year on a lower note as it completed the right shoulder of a H/S pattern it had started painting from September 2021. Beginning of 2023 saw the H/S structure getting broken to the downside and price has since continued forming lower highs and lower lows. Looking at...

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After reaching highs of R108.00 on 02 November 2015, "Woolies" took a dive and found support at R24.00 on 23 Mar 2020. The instrument has since painted a rising channel and buyers failed to take price higher than the R81.00 ~ R84.00 resistance zone, effectively painting a double top at resistance. Looking at the current price action, after painting a double top...

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After tumbing to 100.481 USD on 2nd of February 2023, the DXY painted a falling channel to the lows of 99.10 USD on 18th of July 2023, where it found support and buyers of the dollar confirmed their strength by having the DXY close at 101.329 USD on 27th of July 2023. US Dollar strength has been on an uptrend since then, which saw the resistance band of the...

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JSE:KAL reached highs of R58.50 in January 2022 and had a major sell off since then, painting a lower high at R45.25 and two lows around the R34.50 area. Price has been caught in a mini rising channel after testing the R34.50 area and had a bearish reaction at R38.50 in the area of "no man's land" (between the 21 and 50 Week EMAs). This could be a warning that...

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After falling to lows of R1.92 in March 2020, JSE:AIL began its upward journey and got caught in a trading range between R4.72 and R8.00 from November 2021. The share closed at R6.01 yesterday after breaking out of a falling wedge it had been painting from 30th March 2023 within the trading range. The first signal of a build up of bullish momentum was when price...

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JSE:TCP is proof that the market will do what the market wants to do. The stock tumbled from its highs of R52.50 in April 2022 after a beautiful rally that started in March 2020 from the lows of R8.96. Looking at the current price action after a huge sell off, the stock found support at R5.45 and began making an ascending triangle with resistance at R7.16. This...

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JSE:BID met resistance at R358 in Nov 2019 which was momentaliry broken to R361 in Feb 2022 and the break failed to sustain, however creating a higher swing low. This effectively painted an ascending triangle on the Weekly Chart, indication long term bullish sentiment. Resistance of this ascending triangle was strongly broken in January 2023 and price rallied to...

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Merafe Resources has been ranging between R1.03 and R1.47 since it found resistance around R1.47 on 5th of August 2022. Overall long term outlook on the stock is bearish, considering that after price found support at R0.23 in March 2020, it had a beautiful rally until April 2022 when it reached highs of R1.96, slightly falling short of breaking the highs of...

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after JSE:MTH suffered a share price beat down in September 2022 from its highs of R136.00, it found support in January 2023 around R105.00 to R131.60 only for it to resume its melt down like an icecube in the sun from 7th February 2023 and broke the R105.00 support all the way down to R88.30. Price has now been in a rising wedge retesting the broken support....

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On our analysis of JSE:GND on the 28th of August, we saw how price was in the last phase of a bullish penant on the Weekly Chart. price had left a gap around R10.00~R10.20 levels that has to be closed before confidence can be put into any further upward movement, although the presence of a rising tripple bottom on the daily time frame with a bullishly broken...

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Tharisa PLC has not escaped the share price beatdown that commodity instruments experienced from early 2022, however it is looking tasty for short term trades that could turn into long term profitable holds. Looking at the stock's line graph (candlestick graph is far too noisy due to volatility), we can see price caught in a mini falling wedge after finding...