I know I know. No way, will we ever see the rand at R17.00 let alone R16.80. But the charts say it's possible. I doubt it will be allowed with such inflationary issues. However, with an unstable US presidency and an uncertain world with the US Dollar it actually has some semblance of possibility. HEre are some other reasons for upside for the ZAR: 1. High Interest Rates Attracting Investors If global central banks start cutting rates while South Africa keeps them high, investors looking for better returns could pile into the Rand. 2. Stronger Commodity Prices Boosting Exports Higher gold, platinum, and coal prices mean more foreign money flowing into South Africa, which naturally strengthens the Rand. 3. Government Pushing for Economic Reforms If the government sticks to promised reforms—like fixing Eskom and reducing debt—investors might regain confidence in the economy. 4. Lower Inflation Stabilizing the Economy If inflation cools down, it gives the Reserve Bank more room to maneuver and keeps the Rand from getting battered by price instability. 5. A Weaker U.S. Dollar Playing Its Part If the U.S. Federal Reserve starts cutting rates, the dollar could lose steam, making the Rand look relatively stronger. TECHNICALS: Price
the key levels depicted on the chart with a reversal cup and handle pattern at 15min time frame we are going short with RR >2
1. Fresh demand zone with imbalance after it. 2. Significant support formed after demand zone. 3. Price still within D1 supply. 4. If price decided to break D1 support, I will set my buy trap at fresh demand zone, H1 demand. 5. Personally, I rated this buy trap 3.5/5 and still definitely set my buy limit since this is the only setup that I've been eyeing.
Gold is in strong bullish , if it retraced to 38% of feb level a buy limit can be placed Buy limit @3016 Stoploss @3000 TP @ 3037
https://www.tradingview.com/x/pG9tOXXC/ My dear subscribers, GBPAUD looks like it will make a good move, and here are the details: The market is trading on 2.0415 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.0488 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
The SPY has undergone what some might characterize as a strategically influenced decline, following an extreme three-standard-deviation move to the downside in under 20 days. The market appears to be adjusting its expectations in response to the evolving policy landscape under Trump’s administration and the broader transition to a new government. I am inclined to believe this as a form of "controlled demolition," potentially orchestrated to accelerate the Federal Reserve’s decision to cut interest rates sooner rather than later. With this in mind, I will remain attentive to the broader market structure, particularly monitoring for a potential ABC corrective pattern that could shape near-term price action. At the moment, price is rebounding from a critical support zone, aligning with the 0.618 Fibonacci retracement of the uptrend initiated in November 2024. Given the market's current state of being significantly oversold, a period of relief would be preferable to provide liquidity at higher price levels. The immediate target for this retracement is the 0.618 level of the ongoing downtrend, which coincides with the previous range’s Value Area Low or potentially the Point of Control should a stronger rally materialize. Beyond this, the anticipated broader ABC correction is expected to unfold, with a target around 530 on the SPY—precisely at the major VWAP level from late 2023, which previously marked the end of the bear market. This level is further in confluence with the 1-1 trend based Fibonacci extension of the swing high, which may signal the magnitude of the corrective move. I will have a better idea of where the correction may conclude once the swing high is in. This decline is likely to present substantial opportunities for both long-term investors and active traders alike. Let’s see how the market dynamics evolve from here.
Dow Jones Rebounds as Buyers Emerge Near 40,700 The Dow Jones (US30) entered a bearish trend at the end of January, with its downward movement largely influenced by the Trump administration's reforms and unconventional approaches to the trade war. Over a span of approximately 2.5 months, the index declined by nearly 9.7%. However, it now appears that buyers are stepping back in near the 40,700 level, providing momentum for a potential bullish correction—or perhaps even a return to the previous uptrend. Looking ahead, US30 is expected to recover, with key levels to watch at 42,320 and 42,935. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Sure, it’s easy to see what time it is on your iPhone. But the new app Tinker allows you to customize your home screen with a beautiful watch face that you can design. The app makes it easy to create a face. You can use your own images to design the hands, background, centerpiece, and more to make it unique. Even if you don’t have any images in mind, you can select from a wide variety of pre-made options in the library. In just a few minutes, I was able to create a beautiful timepiece for my home screen. As a fun plus, all of the widgets you create with the app can also be used in the iPhone StandBy mode. Tinker is a free download now on the App Store for the iPhone. There is an optional, one-time in-app purchase of $4.99. That will allow you to create unlimited watchfaces instead of the maximum of two with the free version. Get Tinker - DIY Watch Widgets in the App Store
AI coding assistants are becoming wildly popular, with the vast majority of respondents in GitHub’s latest poll saying that they’ve adopted AI tools in some form. Y Combinator partner Jared Friedman recently claimed that a quarter of YC’s W25 startup batch have 95% of their codebases generated by AI. Sensing an opportunity, VCs are rushing to back startups developing […] © 2024 TechCrunch. All rights reserved. For personal use only.
Arcade, an AI agent infrastructure startup founded by former Okta exec Alex Salazar and former Redis engineer Sam Partee, has raised $12 million from Laude Ventures. Laude is the new fund launched in 2024 by Perplexity co-founder Andy Konwinski, the UC Berkeley computer scientist who also co-founded Databricks. This isn’t the only check Laude has cut. But it […] © 2024 TechCrunch. All rights reserved. For personal use only.