CJS Securities

FX & FI Technicals

06 December 2021

Dollar/Rand Weekly Close

 After a week of serious volatility, the price has not actually done much on a weekly basis.

The chart appears very much in a corrective phase and could still pullback to the R15.60’s.

The Weekly Close remains bullish until we have a close under R15.35 and its with this in mind that I would look to get long from R15.70 – R15.35.   

The only thing that I do not like about this chart is that currently we are sitting at overbought levels.

This however can last longer than your patience and squeeze you out of your positions as we are working on a weekly close.   

 

Dollar/Rand Daily Candle

The chart remains strictly bullish although the pullback does not appear to be complete as I would like a move into the “pullback zone”.

Should this chart trade under R15.47 the bullish technical action would be negated.

This chart is super volatile and R0.25 intra day moves are the norm, so again please keep your stops tight and only ever trade when you are comfortable and not because you have FOMO!

 

 

Dollar/Rand 240 min Candle

WOW, the volatility is crazy and one could have lost a fortune between R15.80 & R16.20.

I see an opportunity this week to make some cash with a decent RR, so here keeping our fingers crossed it plays out!

Sell R16.20 with a stop over R16.2650 with targets at R15.68.

This trade will have a RR of 8/1.

As always keep your stops tight, with zero emotion!

If this plays out the bottom of the cloud should provide some serious support

 

Euro/USD Weekly Close

The $1.1250 is proving just how massive a support level it is and if she goes we might print sub $1.10 before this chart even thinks about kicking.  

As things stand though, it is very unclear whether or not this chart is completing a correction that will turn up from current levels or if it is taking a breather, but what I do know that a pullback from here is on the cards no matter the greater outcome.  

 

 

US Dollar Index Weekly Candle

  We are waiting patiently to see is the below plays out.

The only thing I can add to the below is that if the last candle plays out this chart might have had a false break.

But it is early days and should take 3 weeks to playout.

We are long at 95.32 and will keep a tight stop under 95.

The road map is playing out very well and the sky is the limit. 

 

 

SA Government Bond 30 Year Yield Daily Close

HUGE double tops!!!!

However, as it stands I can still see 11.40% printing within the next 4 – 8 weeks.

Expect the 11% level to provide massive resistance! – this has aged pretty well. 

 

US Government Bond 30 Year Yield Weekly Close

We have been stopped out and all I can say is that this chart is now HIGHLY oversold.

I have no strong view and will need the chart to play out over the next few weeks.