Market analysis from Herenya

Herenya Broker

Looking like the USDZAR will go test the bottom of that previous range.

Herenya Broker

Nice high probability zone to trade a trade from. Bias is towards the short, yet open to the idea of going long, depending on the ZAR really.

Herenya Broker

Looking like it will go and hit the R16.30's and potentially the R15.70's.

Herenya Broker

Range bound still... trade the range?

Herenya Broker

Interesting consolidation above the longer-term moving averages.

Herenya Broker

What a breakout! it's clear now that last week was a buy signal that we had missed.

Herenya Broker

Looks like an inverse Head and Shoulders...

Herenya Broker

The resistance zone seems to have been broken and the market is holding above longer-term moving averages... not really sure what to make of it. Fake out or break higher. We are still bearish.

Herenya Broker

Resistance is holing firm.

Herenya Broker

IPL short starting to work by the looks of things.

Herenya Broker

Daily time frame consolidation still holding. Our bias is for a bullish break, but no triggers yet.

Herenya Broker

Stop loss trigger on daily close saved us from being stopped out here :)

Herenya Broker

Not much has changed here from last week. Bit of a fake break, but it seems that resistance level is holding.

Herenya Broker

As long as SPX doesn't break out (upwards) of this resistance zone, we remain bearish.

Herenya Broker

Finally it comes down... ironically only after we opened to the idea of weakness, but hey, this is the stock market after all :P

Herenya Broker

Bearish engulfing with early signs of momentum based turn, around a key resistance area. Looks bearish.

Herenya Broker

No confirmations yet, but looking like an interesting potential short.

Herenya Broker

The halving is coming up... odds are high that everyone is expecting moon only be killed on the long. That said, buying on support and adding when resistance is broken might be the play.