Gold has created an aggressive downtrend on the 4 hourly time frame and has retraced back to the 61.8% Fibonacci where it seems to be holding around resistance within the supply zone. There seems to be an evening star formation appearing and should the 4 hourly time frame confirm this, I will be looking to…Read more Gold


DJ Newswires European Technical Anaysis

London--Rolling 24-hour chart levels: Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF Spot 0730 GMT+2 1.0682 112.18 1.2513 0.9962 1 Week Trend Bearish Bearish Bullish Bearish 1 Month Trend Bearish Bearish Bullish Bearish 200 day ma 1.0770 110.45 1.2445 1.0005 3rd Resistance 1.0740 113.00 1.2620 1.0000 2nd Resistance 1.0715 112.75 1.2580 0.9985 1st Resistance 1.0700 112.50 1.2545…Read more DJ Newswires European Technical Anaysis

Market report – 17 January 2017

Market snapshot South Africa The JSE All Share Index closed up 0.69% at 53 158 IMF expects SA's economy to expand by 0.8% in 2017 Rand is trading at R13.55 to the US Dollar Rand is trading at R14.44 to the Euro Rand is trading at R16.41 to the British Pound Global UK FTSE 100 Index closed down -0.15% at…Read more Market report – 17 January 2017