Breakouts: 06 January 2021

Lots of forex and commodity movements...

Breakouts: 06 January 2021

FSR (First Rand)

Rand weakness (against the dollar) means bank and finance weakness in South Africa.

COMM:BZ (Brent Crude)

Breakout of the ascending triangle...continuation of the trend up

COMM:GC (Gold)

Breakout of the bull flag, now we need to break above the resistance at 1955. Targetting $3000 long term...

FOREX:USDZAR

Falling wedge. Dipped below but now back in the shape. Move above 15.50 would bring a high probability of 16.15 shortly after.

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