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Gold Spot price Technical Analysis

Daily Analysis – Spot Gold

Gold has been under pressure this week due to a stronger dollar caused by the recent FED decision to raise interest rates and hawkish comments made by FED officials this week. The Spot Gold (XAUSD) chart is showing some bullish signals with the commodity testing the horizontal and the diagonal trend support area at 1,244 […]

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USD/ZAR Forex Technical Analysis

Daily Analysis – ZAR

The release of Friday’s lacklustre nonfarm payrolls data could provide the catalyst for further Rand gains against the Dollar. The chance of a US interest rate hike in June has also dropped slightly and the chance of 2 rate hikes for this year has dropped to below 50% and with no planned FOMC meetings leading […]

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Remgro technical analysis

Daily Analysis – Remgro

Today’s stock Remgro was picked up by my custom Bollinger Reversal Screener as a potential reversal stock. Its its not a straight forward mean reversal stock as there is a major resistance zone at 21,740 blocking the path to the mean at 22,200. Today’s candle is forming nice bullish Harami pattern and has and crossed back over […]

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Liberty Holdings LBH

Daily Analysis – Liberty Holdings

Liberty Holdings was picked up by my custom Bollinger Reversal Screener. Yesterdays candle pierced the upper Bollinger Band and also tested the 200 Day MA. Today’s candle confirms the rejection and has formed a Bearish Engulfing Candle, a strong sign of a potential reversal. Based purely on mean reversion strategy it is likely that we are […]

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Anglo American Technical Analysis JSE:AGL

Daily Analysis – Anglo American

Todays stock was another stock picked up by my 20 period Fractal Break-out screener. It picked up Anglo America as a possible break-out stock towards the down side. Yesterday there was a rejected attempt at the minor resistance area at 19,113 andthe 200 Day MA. Today’s candle validated that rejection and a move back to the […]

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