Eurusd has rejected 1.06285 once. Last time Eurusd touched this price was in dec 2024 it’s a very important resistance level if it rejects again than we can see strong sell. Wait for 1 hr candle to reject 1.06285 and if it does not goes to this level again wait for 1 hr candle to close below 1.06000 if it close below this level than sell with tps given as yellow horizontal rays on chart.
Analysis of the latest trend of gold market: Analysis of gold news: Spot gold fluctuated narrowly at a high level in early Asian trading on Wednesday (March 5). Against the backdrop of escalating trade conflicts after US President Trump imposed new tariffs, the US dollar weakened to a nearly three-month low, and safe-haven demand increased, pushing gold prices up 0.84% (about $24) to $2,917.56/ounce on Tuesday, and the intraday high reached $2,927.66/ounce, which was a two-day increase. Against the backdrop of escalating trade conflicts after US President Trump imposed new tariffs, the US dollar weakened and safe-haven demand increased, pushing gold prices up on Tuesday. Given the potential economic instability and weak job market, the Federal Reserve may cut interest rates ahead of schedule. Following three rate cuts last year, the Federal Reserve has kept interest rates stable. The market expects the Federal Reserve to resume rate cuts in June and may cut further in September. Investors need to pay close attention to changes in the international trade situation. The latest news shows that the United States may ease the tariff issue. The rebound of U.S. stock index futures in early trading on Wednesday may weaken the safe-haven buying of gold, which is expected to provide short-term opportunities for gold shorts. This week's focus turns to Wednesday's ADP employment report and Friday's U.S. non-farm payrolls report to find clues to the trajectory of the Federal Reserve's interest rate. Technical analysis of gold: Yesterday, gold showed a more complicated trend. The price remained volatile below $2,895 during the Asian session. Entering the European session, the market saw a key turning point. The price successfully held the long-short watershed of $2,880-2,878 and quickly broke through $2,895. Then the bulls exerted their strength to push the price up sharply. During the U.S. session, the price of gold rose slightly, touched the high of $2,930 last Wednesday, and then fell back to $2,900. However, it rebounded again and finally closed with a large positive line on the daily line, with the closing price near $2,916. The daily line showed a trend of two consecutive positive lines. In view of the frequent alternation of positive and negative trends in the recent gold price trend, today we need to focus on whether the price will turn negative. From the analysis of the market situation, after experiencing a sharp drop last week, gold has risen sharply for two consecutive days and has now retreated to the counter-pressure level formed by the trend support of $2614. After touching this retracement position for the first time, we still need to focus on whether the market will rise and fall back. At the same time, the pressure in the high point area of yesterday cannot be ignored. If the price is under pressure here, it is expected to usher in an adjustment; and once it breaks upward, the bullish rally is expected to accelerate further, and the target may be to break through the historical high of $2956. The low point of $2900-2905 formed during the US trading session has become a key support level. If this area is broken, it may start a second decline, and the price will gradually fall to $2880-2885, $2860-2855 and near the low point of last Friday; if the bulls can hold this support level, there is a high probability that it will continue to break upward after high-level fluctuations. In addition, judging from today's opening situation, the rebound high point of $2920 has become a short-term pressure level. In terms of today's operation, short selling is suppressed by the trend counter-pressure line and yesterday's high point. Radical investors use the high point 2920 as pressure to participate in short selling. Pay attention to the break of 2900 below. Consider adding positions if it breaks below. If it breaks upward, follow the trend and focus on the impact of 2945 and the historical high. Overall, our professional and senior gold analyst team recommends that the short-term operation of gold today is mainly long on the callback, supplemented by short selling on the rebound. The short-term focus on the upper side is the 2922-2927 line of resistance, and the short-term focus on the lower side is the 2895-2890 line of support.
Mustek (MST) is South Africa’s largest assembler of personal computers under its *Mercer* brand and also imports various computer products, including Samsung, Acer, and Microsoft. Historically, the company has traded well below its net asset value (NAV). The company has been exploring growth opportunities in the fibre-to-the-home market and has seen strong sales in cables supporting this sector. CEO David Kan has expressed optimism about the potential exponential growth in this area. Additionally, Mustek is positioned to benefit from increased demand for remote education and work-from-home technologies post-COVID-19. However, in its results for the year to 30th June 2024, Mustek reported revenue down 16% and headline earnings per share (HEPS) down 82.1%. The company attributed this decline to weak corporate and government spending and the sudden end of the *green energy boom*, which had previously driven strong sales. Mustek found itself with surplus stock in an environment of high interest rates and declining demand for alternative energy products. In a trading statement for the six months to 31st December 2024, the company estimated that HEPS would fall by between 70% and 80%, citing *"the adverse impacts of the prevailing local and economic challenges."* Despite these negative results, the share appears undervalued. It has recently broken above its 200-day moving average, which could signal the beginning of a recovery. If economic conditions improve and corporate/government spending resumes, Mustek may see better performance in the medium to long term.
HomeChoice (HIL) is South Africa's largest home shopping retailer, operating through two divisions: retail and financial services. It offers a broad range of home appliances, clothing, fashion, footwear, and related products through showrooms and online channels. The share is tightly held, with over 92% of issued shares controlled by Richard Garrat and his family. A planned share issue, which would have improved liquidity, was shelved due to challenging retail sector conditions. This has left the stock thinly traded, making it unsuitable for most private investors despite its potential as an investment if liquidity improves. HomeChoice has been expanding into brick-and-mortar retail, with five stores already open and another twenty-five planned. These stores help attract new customers for both retail sales and micro-loans. The company has also extended its financial services offering to include micro-loans, insurance products, and funeral cover. Given the tough economic climate, it has had to increase provisions for impairments on both its retail credit and micro-loan books. The company primarily serves women in Living Standards Measure (LSM) categories 4 to 8 and has over 870,000 active customers. It continues investing in its digital platform to enhance online shopping and financial services. Online loans are seeing strong growth, with 20,000 new customers signing up each month. Additionally, it is rolling out "bright pink" container shops in townships, allowing customers to collect online orders or apply for business loans. In its results for the six months to 30th June 2024, HomeChoice reported revenue up 14.6% and headline earnings per share (HEPS) up 37%. The company said, *"HIL has delivered a strong financial performance, with exceptional growth from Weaver Fintech, which is contributing 95% of the group's operating profit. Our digital-first approach continues to provide scalability and efficiency to our businesses and outstanding customer convenience."* In a trading statement for the year to 31st December 2024, the company estimated that HEPS would increase by between 20% and 30%. While the company shows strong financial performance and growth potential, its limited trading volume makes it highly risky for private investors.
It is trading with a great volume to market value ratio, the volume is heading in the right direction and the chart is healthy, if the market wants to go up this currency has a healthy chart.
In this video I want to show my trades and history. I do not only show you my winning trades but losing trades as well.
Santam (SNT) is South Africa's largest short-term insurer, holding about 22% of the market. Unlike life insurers, it does not engage in endowment insurance, annuities, or investment-linked policies. Instead, Santam insures assets such as buildings and vehicles, as well as individuals against risks they cannot afford, such as income loss due to disability or death. The company covers the first R150m of any claim before relying on its reinsurance policy. It has Level 1 BEE status and employs over 6000 people. Following the Ma-Afrika judgement, Santam increased its provision for contingent business interruption (CBI) claims by R1,7bn. Santam is widely regarded as one of the JSE's most reliable and high-quality shares. The company was impacted by the civil unrest in July 2021 but has continued to show resilience. In its results for the year to 31st December 2024, the company reported revenue up 12% and headline earnings per share (HEPS) up 51%. The company said, *"Conventional insurance net earned premium (NEP) growth of 10% to R32.2 billion. Conventional insurance net underwriting margin of 7.6% (3.5% in December 2023). Alternative risk transfer (ART) profit before tax of R781 million (R516 million in December 2023). Return on shareholders' funds of 31.9%."* The share trades on a P:E of 11,46. Santam exemplifies a blue-chip stock with a strong balance sheet and a long history of steadily improving earnings. Its share price has followed a consistent upward trajectory for the past 39 years—trading at 90c in 1985 and now around R398. Given its stability and long-term performance, Santam remains a solid choice for any private investor's portfolio.
One can observe how well the pair has moved higher within the regression channel. we are near the top-end of the channel now and an overbought state, suggest we should a return mid-regression channel levels around 1.8200 handle. Strategy SELL current levels 1.8450-1.8475 and take profit near 1.8217 for now.
If the Elliott model of the downward continuum occurs, the market will surely see higher targets, so we can stay on this revised sample for Dominance Tetra.
https://www.tradingview.com/x/MdkI2Ivh/ • The market traded lower earlier in the day. The market then reversed higher for most of the day around noon time. The SPX then pulled back off its high in the final 30 minutes of the day. • The bulls see the market trading in a broad bull channel and want the move to continue for months. They want an endless pullback bull trend. • They want a retest of the all-time high (Dec 6) followed by a breakout and trend resumption. They see the current move as a bull leg within the trading range. • They want a reversal from a double bottom bull flag (Jan 13 and Mar 4) and a wedge (Feb 25, Feb 28, and Mar 4). • They hope the bottom of the 22-week trading range will act as support. They want a failed breakout below the January 13 low. • At the least, they want a retest of the middle of the trading range (around the 20-day EMA). • If the market trades lower, they want the November 4 or October 3 low to act as support. • The bears got a reversal from a higher high major trend reversal, a wedge top (Dec 6, Jan 24, and Feb 19), and a smaller double top (Jan 24 and Feb 19). • They see the market as being in a 22-week trading range. • They hope to get a bear leg to retest the January 13 low followed by a breakout below. They got it yesterday (Mar 4). • Next, the bears want a breakout below the January 13 low, followed by a measured move based on the height of the 22-week trading range. • If the market trades higher, they want the bear trend line or the 20-day EMA to act as resistance. • They want at least a small second leg sideways to down to retest the March 4 low. • So far, the market is trading in a 22-week trading range. • The SPX broke below the January 13 low yesterday (Mar 4) and traders want to see if there are any follow-through selling. • Or will the market form a pullback, followed by a second leg sideways to down to retest the March 4 low after that? • Traders may BLSH (Buy Low, Sell High) within the trading range until there is a breakout from either direction with follow-through buying/selling. • The bears must create a strong breakout below the January 13 low with follow-through selling to convince traders a breakout could be underway.