1 Attachment(s)
USD/ZAR Technical Analysis: ranging bearish near bullish reversal
Daily price was bounced from 14.7479 resistance to below for 13.9516 support level as a target: The price is located below 100 SMA/200 SMA in the bearish area of the chart within the following support/resistance levels:
- 15.1978 resistance level located near and above 200 SMA in the beginning of the daily bullish trend to be started, and
- 13.1963 support level located far below 100 SMA/200 SMA in the beginning of the bearish trend to be resumed.
Attachment 23089
Thus, the most likely scenario for the price movement for September is the bearish ranging within the levels.
1 Attachment(s)
USD/ZAR Long-Term Technicals: breakdown with the possible bearish reversal
Monthly price is on secondary correction within the primary bullish market condition: the price is breaking 12.4670 support level to below on open monthly bar for the correction to be continuing. Chinkou Span line of Ichimoku indicator is going to be testing the historical price to below for the possible breakdown. By the way, 50.0% Fibo level at 11.9441 is the bearish reversal level for the monthly price.
Attachment 26154
1 Attachment(s)
USD/ZAR - long-term ranging for direction
The pair is located inside Ichimoku cloud for the monthly price waiting for the direction of the direction of the bullish trend to be resumed or to the bearish market condition to be started.
Attachment 33817
- If the price breaks 15.69 resistance level to above so the long-term bulish market condition will be resumed for whole 2019.
- If the price breaks 11.78 support level to below on close monthly bar so we can see the bearish condition to be started and continuing for the 2019 and 2020 in long-term situation for example.
- If not so the price will be on secondary ranging waiting for direction.
1 Attachment(s)
South Africa Hikes Key Interest Rate Further
Attachment 44536
South Africa's central bank raised the key interest rate further on Thursday in a split vote citing upside risks to inflation.
more...
1 Attachment(s)
South Africa Manufacturing Growth Improves
Attachment 44749
South Africa's manufacturing growth strengthened in February, with increases across the board, results of a monthly survey by the Bureau of Economic Research showed Tuesday.
more...
1 Attachment(s)
South Africa Private Sector Growth At 13-Month High
Attachment 46087
South Africa's private sector activity expanded at the fastest pace in just over one year in June, underpinned by strengthening client demand, rising employment and renewed stockpiling despite woes of inflationary pressures amid a surge in global fuel prices and supply-side challenges.
more...
1 Attachment(s)
South Africa Inflation Highest Since May 2009
Attachment 46229
South Africa's consumer price inflation accelerated more-than-expected in June to reach its strongest level in just over thirteen years, figures from Statistics South Africa showed on Wednesday.
more...
1 Attachment(s)
South Africa Q2 Jobless Rate Falls
Attachment 46408
South Africa's jobless rate decreased in the three months ended June, data from Statistics South Africa showed on Tuesday.
more...
1 Attachment(s)
South Africa Inflation Rises Unexpectedly
Attachment 46746
South Africa's consumer price inflation increased unexpectedly in October, figures from Statistics South Africa showed on Wednesday.
more...