munyaelliott

munyaelliott

After that bullish stance the dollar took yesterday on pairs like USD/CHF and USD/JPY, i believe we could see a continuation move today if the bulls step up to it. I placed buy stop order and executed a live trade already. It seems the order has been activated even those the price is yet to get to my level. Best of luck.

munyaelliott

This pair seems to be breaking out of a bullish continuation pattern. Keep risk small since later on today we will have the Non-farm Payroll report and also because of the US election. May the best man win!!! Check out my latest report on the case for diversification and the US Eection here: wp.me

munyaelliott

CAD/JPY is moving in a downtrend, making a series of lower highs and lower lows. Now it just broke out of a correction and is moving downwards. Targets are at the beginning of the bigger correction.

munyaelliott

The price of this big bank stock is nearing two important areas, an upward trendline and a 200-day exponential moving average. If prices find support at any of these supports, we could see a rally towards the ceiling of the overall channel. Buy: If price finds support on the ascending trendline, or if price finds support on the 200-day exponential moving average...

munyaelliott

If prices break above the previous 34 156 resistance, this should be a good opportunity to buy into this market. The price is above the 100-day exponential moving average on the weekly chart and also seems to be bouncing off the 400-day EMA on the daily chart, as this seems to present a support zone. Our good old trendline shows the price making a series of higher...

munyaelliott

Anheuser Busch InBev is literally printing short as it ticks. Prices just broke out of a bear flag pattern and now is about to do the same thing again. If it works, why change it right? This one will be selling like hot cakes, or rather like Telkom (pun intended). Sell: At the break of the bear flag pattern. Target is the bottom of the pattern according to the...

munyaelliott

This is undoubtedly the trade of the week, or rather following week (considering the fact that the markets are now closed at the time of writing). The stock price has been parabolic to the upside and you would feel your stomach churn if you thought of where to enter and where to put a stop loss. But I will not be providing you with a sense of safety as trading is...

munyaelliott

Though it possible that we might see the prices move up towards the descending trendline, it is also probable that once prices break the 5 200 pyschological level, more sellers will enter this market. Prices are below the 200 exponential moving average on all major timeframes, signaling a bearish bias. The market could likely open with a gap down considering that...

munyaelliott

ABSA Bank Limited (ABSP)The walls are bloody for ABSA, which clearly shows momentum to the downside on the monthly timeframe (check out my full analysis on my instagram account @heisenberg_trader), as prices are trickling down, with momentary pauses in the form of bear flag patterns. The long term trend is clearly downwards, as prices have been forming a series of...

munyaelliott

The weekly timeframe shows a clear bullish market, signified by higher highs and higher lows. Though currently the market has blown a little steam, possibly through some investors who are currently taking profit on their long positions, this stock has the potential to put on more gains. The price is currently above the 10 and 50 exponential moving averages on...

munyaelliott

The JSE ticker is currently testing an upward trendline from the weekly chart. If prices respect this trendline, we can look at potential buy trades. If price breaks below this trendline, we can look to short this market.

munyaelliott

A nice rising wedge pattern is forming on this chart. It would be wise to enter a short on the break of the counter trendline on the weekly chart. The market is largely in a bearish move that can be maintained if enough sellers creep in.

munyaelliott

The Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents...

munyaelliott

The Euro currency index has been moving in a series of lower highs and lower lows following the unsuccessful European Union parliamentary elections and also all the clouds surrounding Mrs. T. May. A break above the 112 price level will invalidate this idea. Short-sellers can target the 110.5 area, which is the bottom of the descending channel, as a potential...

munyaelliott

The Loonie index is currently moving in a downtrend, as shown by the lower highs and lower lows on the daily timeframe. This is also in sync with the commodities markets (crude oil, well and even gold), which have been experiencing bear pressure lately. It is no secret that currencies like the Loonie (Canadian dollar), Aussie (Australian dollar) and the Kiwi (New...

munyaelliott

this forecats will be unique and split in two as we look at the geo-political factors affecting the US dollar. Technicals: --------------- The US dollar index is moving in an uptrend, making a series of higher highs and higher lows. It has recently broke a counter-trendline on the 4-hour timeframe and is expected to move higher. The dollar has continued to...

munyaelliott Updated 

Enough has been said about this trade. Let's jump in now!!! ENTRY: 108.905 STOP LOSS: 109.308 TAKE PROFIT: 107.880 (Check my previous analysis/post on my profile)

munyaelliott Updated 

I will be selling the XPT/ZAR if prices breach below the R11 550 price. Currently, prices are moving in a downtrend, g=forming a series of lower highs and lower lows and bear flags. If we see the corrective structure being breached to the downside, we will get our confirmation for a short trade.