GET READY FOR OFFSHORE INVESTING

Reference date: 22 October 2020

ENTRY RANGE: 131.89 to 129.20STOP LOSS: 131.89 (-2%)PROFIT TARGET: 121.99 (+5.9%)TIME EXIT: ± 3 November 2020

ENTRY RANGE: 456.21 to 470.00STOP LOSS: 456.21 (-2.8%)PROFIT TARGET: 501.57 (+6.8%)TIME EXIT: ± 2 November 2020

💡 The nervous sentiment returned. The index is testing its 200-day simple moving average. A break above the 200-day will be bearish for equities. Pivot point (trend change) at 28.50…

Support and resistance are key concepts that help traders understand, analyse and act on chart patterns in the financial markets. Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens. FX Technical trade levels allow […]

Global markets are still moving up and down, as traders and investors continue to react to daily headlines relating to a US stimulus package. The market is of course hopeful that a package may come before the November 3rd elections, but only time will tell if that will be achieved. Though the ‘When’ is still […]

Stimulus negotiations in the US are not going anywhere in a hurry, but global stocks continue pushing higher on hopes that a deal might be reached before the November 3rd elections. In a dramatic turn of events last week, President called off the stimulus negotiations, only for the same negotiations to resume later during the […]

It was another sell-off week last, with most Indices around the globe, including the US’s S&P 500 completing its 4th week of losses, something that was last seen in August of 2019. Commodities were under pressure, as they were reacting to a stronger US Dollar. We are however seeing some relief so far this week, […]

It was a risk-off mood across global markets for most of last week, and the risk off sentiment is still holding so far this week. In the US, the S&P 500 hasn’t seen a positive close since last Wednesday. Whether the sell off is a correction, or the beginning of a bear market, is a […]

It was a case of another week, another record highs for most of last week for the S&P 500; until Thursday when the much ‘expected’ and ‘anticipated’ breather took place. The sell-off would continue into Friday’s session, and only time will tell if the US 3-day weekend will help put a pause to the selloff […]