AndileMlombo

AndileMlombo

taking a short position

AndileMlombo

The upcoming holiday season, is most probably interfering with the precious metal normal trading course. The absence of liquidity caused by absent traders is somewhat reducing its strength in the direction it has formed in the past 2 months. We must acknowledge the fact that Gold traders have been obviously closing their buy positions as a trend that has been...

AndileMlombo

The acquisition of ARM’s stake in chrome mine by Assore has seen the company's share position and also the appoint of Ernst & Young as their audit firm. JSE:ASR chart is currently showing a bullish trend. we waiting for a test in the support trending channel to take a temporal short position. we will wait till it test and take a sell position at 43707. NOTE...

AndileMlombo

Entering the new week in the fundamentals, we expect Brexit to be one of the main fundamental issues for the week, once again. It should be noted though that the GBP could also be influenced by a number of financial releases along with BoE’s interest rate decision. For the USD the main event could prove to be FOMC’s interest rate decision and any possible...

AndileMlombo

South African rand falls as dollar hovers near 2-week high JOHANNESBURG (Reuters) - South Africa's rand weakened against the dollar in early trade on Wednesday, as the greenback hovered near a two-week high buoyed by robust U.S. economic data. At 0612 GMT, the rand traded at 14.2200 per dollar, 0.34 percent weaker than its New York close of 14.1725 on...

AndileMlombo

RSI over bought, possible double top formation. FTSE 100 rallied initially on Tuesday, but then turned it right back around, only to find buyers again. I think there is significant support at the 7700-level underneath, and I think that the market will continue to find that area to be interesting. The GBP/USD pair broke down significantly and the Forex markets...

AndileMlombo

RSI over sold, bear will force the market to test support at6773

AndileMlombo

long

AndileMlombo

short

AndileMlombo

Weaker USD

AndileMlombo

weaker USD

AndileMlombo

expecting the fed to keep the rates between 1-1.25% which will support the continuation of the bearish move as the fed is planning rates hike in december with the DXY trading a low since the beginning of the week

AndileMlombo

Going long at 13.8 FX:USDZAR

AndileMlombo

Long

AndileMlombo

Short

AndileMlombo

Awaiting Data

AndileMlombo

taking a long position at 13.8

AndileMlombo

long position at 13.8