XAGUSD - Silver the next best opportunity to re-enter on the buy/long side appears to be at the rising trend line/75-EMA. This is a provisional view.
Gold: previous comment warning on downside risk Following a strong run, the candle structure reflects indecision. This is denoted by the development of 'doji' candle formations for the past two sessions. The price is extended vs it's rising 21-ema and rising 50-ema. The short term trend is steep, with the price extended well above the incline which extends...
An effective way of assessing opportunity is via the JSE technical summary, which is published daily. In south africa, or on the jse, there is a lack of breadth data which has forced one to use alternative tools to measure breadth. Fortunately, the tools and methodologies have served clients well. Most recently, the market pulled back, which saw 21 shares in a...
NPN Naspers The print into overbought conditions has been an opportunity to sell. Look to enter at lower levels.
PRX Prosus The print into overbought conditions has been an opportunity to sell. Look to enter at lower levels.
Bti british american tobacco, 54563c. (medium term swing view). The share has 5x failed attempts to clear it’s downward trend line. On friday, a report from the wall street journal cited plans by the biden adminsitration to drop it’s plans to ban menthol cigarettes. This may spur renewed interest following a long term bear trend. Buy.
High level views. Indices / FX / Commodities Subject to change. Pre-market Asian session. Sunday 28 April
EUR/USD - Momentum Regime Neutral to strong The graphic allows traders to view in which phase an instrument may be in. This is subject to change as the price action develops.
FX: EUR/JPY - SELL A similar structure to the advance in November. Further notes on the chart
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e....
Momentum Regimes: Commodities Ascertain which phase a commodity may be in, as per the momentum regimes. Ranked from overbought to oversold.
Momentum Regimes: Indices Ascertain which phase an index may be in, as per the momentum regimes. Ranked from overbought to oversold.
Momentum Regimes: FX Ascertain which phase a pair may be in, as per the momentum regimes. Ranked from overbought to oversold.
THESE TABLE SHOW WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT. Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The...