The up Move in the Indices Seems to be Ongoing
JSE – The up move in the indices seems to be ongoing and this is also true for the JSE. We are in a nice upwards channel and the move in that direction can see the levels 46869 – 47410 – 48248 in the upcoming days in February.
DAX – It appears like the Dax wants to retest the top with a double top. The market may break the double top and will probably test the 12000 level and then start a retracement. As per our technical analysis we may see the indices heading ever higher during February.
USDZAR – The Zar is in a tightening triangle trading and it can break out both ways. If the USD strengthens and breaks the red line the next upper red line will be a target. If the price breaks the 13.2000 level then it will probably take a dip down towards the 13.0000 levels.
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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.
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