KhoraCapital

KhoraCapital Aug 24, 2024

A change structure after a Elliot wave count completion, now based on the analyses I am waiting for a clear short signal near the 1.8100 - 1.8200 with a clear sell signal which could be a double or triple top on the lower timeframe. This is because as price completed a wave count and change in structure which means that price could make new lower highs and lower...

KhoraCapital Aug 24, 2024

Gold is still bullish at the moment until after the US election, this analysis is based on correlation of Gold with Kiwi. My recent analysis of last month of this pair of a possible short played out in the opposite direction. But coming into a new month and into the end of the Quarter I see price being still bullish and trending towards last years high and major...

KhoraCapital Aug 24, 2024

A rising channel in this trend gave an indication of a possible downtrend continuation to a new possible support price (1.08464), in the upcoming week. A rise in price which could be a possible retracement could be give a possible entry point near or above (1.09222) but a clear bearish signal e.g double in the lower timeframe and clear candle signal signal on the...

KhoraCapital Aug 9, 2024

Price has been creating new lower highs and lower lows coming into the new month, using the higher timeframe also, using the channel (three touches) and trendline to confirm my bias for the week because of the lower high retest and weekly retest, the double top extended acts as source of confirmation, for the new resistance (0.60260). Can only wait and see if that...

KhoraCapital Updated  Aug 9, 2024

On my previous analyses I looked at the possibility of this pair to continuation in direction to the upside but price broke the recent support and flipped making a new support. I am keeping eye on a possible retracement to the recent resistance (flip) where that could be a new high or lower high 0.54485,

KhoraCapital Updated  Aug 9, 2024

After a major correction price tends to impulse on direction that it is biased to, here price corrected and and in my previous analyses I also got caught up in the correction forgetting that theirs resistance to the upside which is also last years high at 1.99173 (close), and price is still in uptrend making new higher highs.

KhoraCapital Updated  Jul 17, 2024

Price is trending in a downtrend channel, correcting from a previous bearish impulse but recently price retraced and extended above last week high, but this week looks really volatile with high impact news for the AUD ,price could extend upwards but if a bearish confirmation aligns with a suitable confirmation candle and structure near price (1.92548) and...

KhoraCapital Updated  Jul 17, 2024

Looking price the recent structure and using the Fibonacci retracement price could still be in uptrend after a retest of the double bottom from lasts months low, bullish candle and price confirmation patterns could suggest a continuation to the upside with a price trend near Fib zone of 0.618 (0.54229) which is a sweet spot for entries. Price could also reach...

KhoraCapital Updated  Jul 16, 2024

Patiently waiting for a retest near the recent lower high, and completion of the Bat pattern. Will be waiting patiently around 1.93010 above or below for a bearish signal to confirm a sell.

KhoraCapital Jul 2, 2024

The chart pattern structure indicates to me that price could be in a correction phases and could trend towards the recent support of 103.536 (short-term) from a breakout to last weeks Monday's low at (108.890) and continuation therefore completing the Elliot wave could at point 5 which is the support at 102.178. (medium-term analyses)

KhoraCapital Jul 2, 2024

Looking at price recent , a rising channel in a rising market could be sign of a change in structure for a while, with price reaching a possible new low a retest near recent support of 104.094. A clear breakout near level 105.712 and a retest below the trendline could be a possible sell signal.

KhoraCapital Updated  Jul 2, 2024

Looking at the recent dividend results the company's dividend yield experienced a minor drop from 2.77% to 2.76 and while the company's P/E ratio increased ( from 18.89 - 20.60) which is not a good sign from an investment perspective and looking at the trend and Elliot wave count which completed at the beginning of the year and Bat harmonic pattern completion at...

KhoraCapital Jul 2, 2024

Waiting for price to rise to point labelled D , and lower high signal to confirm a continuation of a bearish trend. Also waiting for price to complete a three to four days of rise, from Friday's low and therefore waiting for a bearish signal below and above 1.78055 and with possible stop hunt since its NFP week and anything however above 1.78200 and trend bullish...

KhoraCapital Updated  Jun 19, 2024

Expecting a recovery in the JSE because since the beginning of last years financial year prices have been steadily declining but also exporting mining companies in the JSE have been exporting minerals at a premium which could be good for earnings numbers. The JSE is consists of a majority of mining companies. The retail sector could also positively impact the JSE.

KhoraCapital Updated  Jun 18, 2024

waiting for a possible retest above (near the recent resistance)the trendline as 3 touch confirmation

KhoraCapital Jun 17, 2024

Price completed a reversal at the lowest price of the year (at 11.777 per share this year), with the low being established for year the debts collected from the past year with high interest rates could future push prices higher and the stability in the economy after the noise surrounding the country and it political uncertainty. With a Elliot Wave completion at...

KhoraCapital Updated  Jun 17, 2024

South Africa's biggest micro lender could be hurt by the dollar and global uncertainty around the world since the banks make profit from people paying back loans and putting in deposits, people deposit less when everything in the economy becomes expensive because savings lags when compared to current state of the value of money and the purchasing power people...

KhoraCapital Updated  Jun 13, 2024

Price has also reached its highs of the quarter and with the end of the first quarter ending this June price could also fall closing near the opening price (104.452) of the month.