DanielOrsmond

DanielOrsmond

USDZAR has come under increased pressure as the ZAR bulls dominated recent market action. Technically speaking, USDZAR has seen a clear break below the 200 day SMA, the support level provided by a descending triangle pattern (14.50) and is now currently trading below a level of USDZAR support seen since Feb 2019. A decisive close below could see the ZAR rally in...

DanielOrsmond

A right shoulder looks to be forming on what I believe to be a head and shoulders reversal pattern. A break below the neckline could see gold return to around the $1420/oz level.

DanielOrsmond

After having breached a level of support that has been apparent for a considerable period of time, a triangle has formed. The upper boundary has been tested on a couple of occasions but without a clear close above which is required to establish a bullish symmetrical triangle. In my opinion, the Dollar has priced in an extremely dovish fed, and I think a positive...

DanielOrsmond

USDZAR reversal pattern