Stock Pro's

27/01/2016

Judge grants out of court settlement with MTN! Good news for shareholders! https://t.co/enT3KI7v50

Nigeria is open to an amicable out-of-court settlement with South Africa’s MTN over a $3.9 billion fine imposed on the cell phone operator, a top regulatory official said on Wednesday. This represents a thaw in a three-month standoff between Africa’s largest mobile operator and the continent’s bigge…

22/10/2015

Stock Pro's first TP hit on USDZAR at R13.50! Our 2nd target of R13.75 seems very possible with current momentum in the pair!

Do you want our DAILY TRADING SIGNALS?

Signup today at: http://stockpros.co.za/membership-account/membership-levels/

"Technical View:

The South African Rand has been extremely volatile since clearing the R13 level against the USD.

With global markets rallying powerfully of late, it has sent strength back into the ZAR as investor appetite for emerging market stocks and bonds have come back in full fruition.

South Africa being predominately a resource based economy, has thus seen extra demand for ZAR due to the bounce in commodity prices across the board.
The recent news on AB InBev placing a R1.5 Trillion deal on the table for SAB Miller, has also created some swings back in favour for the ZAR as this would be a large inflow for the currency to pay local investors.

The trend however is still negative, and we should be looking to sell any ZAR strength. The R13 level held for 3 trading days and should hold as a tough level to crack, and thus the continued weakness of the Rand should continue from here.

Trade:
Long USD/ZAR @ 13.1500
Target 1: 13.5000
Target 2: 13.7500
Stop Loss: 13.0000"

19/10/2015

Sign Up for a 2 Week DEMO subscription today! Stock Pro's daily market updates and Forex trading signals! http://t.co/mDkhpXQ8Gt

16/09/2015

Technical View: Following our previous short on Gold posted last week. We have seen some decent profit in the trade, although not hitting our full target price of $1090, we believe that profits should be banked at current levels and new longs initiated on the commodity. Ahead of the Federal Reserves meeting tomorrow, Gold has…

This content is for Paid Content, Full Year Subscription and 6 Months Subscription members only. (Full Analysis, Entry, TP, SL Levels will be outlined)

To Subscribe visit: www.stockpros.co.za

09/09/2015

Technical View:

The EUR has been subdued of late as investors try and find some sort of direction in global markets. We have had a big push and pull going on between the bulls and bears, and this is evident in the wild trade we observe in Forex markets, especially the EUR.

The Canadian Dollar has been fairly well bid on the back of higher commodity prices, especially Oil. Being the strong commodity counter that it is, we believe the trend of lower commodity prices (Especially Gold- See previous post) will continue.

The technical picture shows us a weakening trend in CAD which has pulled back to horizontal support at 1.46 and trend line support converging at the same level.

Given the above fundamental and technical analysis, we believe a LONG trade at 1.4750 should be in place with 1.50 as first target.

Trade:
Long EUR/CAD @ 1.4500
Target 1: 1.5000
Target 2: 1.5600
Stop Loss: 1.4600

31/08/2015

Technical View:

The USD has been strong relative to all crosses over the past few days, mainly bouncing from oversold levels on EUR/USD.

The trend of this strength is not set to continue due to the Federal Reserve hinting more frequently that an imminent rate hike is not on the cards.
This should continue to add pressure to the Dollar.

The daily chart had a false break above 1.57 and thus reversed sharply down to previous support at 1.5335. We have since bounced off that level and look set to test 1.57 once again.

Trade:
Short GBP/USD @ 1.5400
Target 1: 1.5470
Target 2: 1.5700
Stop Loss: 1.5335

27/08/2015

Technical View:

The Canadian Dollar has been under supreme pressure this year due to lower commodity prices, namely Gold and Oil.
The trend of global commodity prices is set to continue for the foreseeable future. Thus shorting CAD on any bounce is advisable.

The weekly chart broke a 3 year Head n Shoulders pattern at 92.50 and fell all the way to 87.50. We have now seen a healthy bounce to go back and retest resistance at 92.50. We believe that this should be shorted with a target of 85.00.

Trade:
Short CAD/JPY @ 92.50
Target 1: 90.00
Target 2: 85.00
Stop Loss: 93.50

Visit: www.stockpros.co.za

24/08/2015

Trade View:

The Index has seen a massive selloff to the tune of over 10% sending it into correction territory.
The RSI is in the most oversold area below 23 for the first time in over a year.

The technical damage to the chart thou has been done, however a bounce off 1900 support seems likely and thus we should play a bounce back to previous support which will now act as resistance around the 2020.

Trade:
Long 1932.25
Target: 2020
Stop: 1900

19/08/2015

FirstRand Bank- SA's largest bank by market cap is now larger than both the gold mining and platinum mining index combined.

19/08/2015

Technical View:

The Yen has been fairly quiet of late trading in a tight range over the past few days. This low volatility only builds to a violent move to come.

This expected move is to be to the downside if 124 support line breaks. This move coincides with our previous trade of Short EUR/JPY.

The RSI clearly shows strong negative divergence with 4 lower highs whilst price action remains flat.

Trade:
Short USD/JPY @ 124.00
Target 1: 123.00
Target 2: 122.00
Stop Loss: 124.50

www.stockpros.co.za

19/08/2015

$JSEMSM numbers effectively place it on a PE of over 30. Definitely looks like sub R100 coming soon.

17/08/2015

Technical View:

The EUR has moved higher on the back of the US Fed announcing they will not raise rates for a considerable period of time.
The pair has been trending higher over the past couple days.
An 8 month resistance trendline comes in at 138.50, which it has since reversed off and looks set to retest bottom support trendline at 136.00 and further to horizontal support at 133.00 as a second very strong level.

Trade:
Short EUR/JPY @ 138.00
Target 1: 136.00
Target 2: 133.00
Stop Loss: 138.50

www.stockpros.co.za