"Success is solely based on your desire to achieve it.''-Jacob Salem

''Build your dreams or someone else will hire you to do theirs.''-Farah Gray

''Don't watch the clock ; do what it does. keep going.''-Sam levenson

''Don't  watch the clock ; do what it does. keep going.''-Sam levenson

5 AM the hour when legends are either waking up or going to sleep

5 AM the hour when legends are either waking up or going to sleep

Latest Posts

Tuesday, 22 May 2018

US Dollar Index(DXY) Forecast

Sifiso Nkwanyana


There have been too much speculation on the Dollar index since the start of this year which has caused a rapid drop in the dollar index, in the past two months the dollar has having gains due to the interest rate hike and further news on the next rate hike.



Short Term Technical US Dollar Setup

The Dollar Index is currently at 93.50 zone in which the market closed with a bearish Pin Bar candle formation on the Optimal Trade Entry(OTE) fibonacci Level indicating a move lower only if the price is to break down below level 93.00. a break of level 93.00 would lead to the dollar dropping down to the 91.40 support level as shown in the Image below.





Long Term Technicad US Dollar Setup

Looking long term we are bullish on the Dollar Index as The market has broke above the 100 MA and probably broke the downtrend, we looking looking for price to currently drop towards the 91.40 support levels and we will go long until 99.71 which is a measured price level for the index.

NB: level 99.71 is very close  to level 100.00 which a whole number which will definitely attract institutional traders resulting in major price moves happening.


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Monday, 21 May 2018

Weekly Forex Setups, May 21st to 26th 2018

Sifiso Nkwanyana



AudUsd

AudUsd Buy Opportunity and a Possible Inverse Head and Shoulder formation, we bullish on AudUsd looking for level 0.76650 as our target.



NzdUsd

Bullish Convergence on the NzdUsd, The pair is on the buying levels according to our fibonacci studies as price rests between the 0.79 - 0.88  fib zone. we will be looking to NzdUsd at a close above 0.68300






AudNzd

AudNzd Has just broke above the 50.0 fib region and we heading to the 1.11200 level represented by the rectangle. remember to use proper stops on this setup



EurUsd

Bullish movement expected on as we get to reach the previous shoulders of the of the inverse head and shoulder setup. A reversal will form on Tuesday or Wednesday. Buying should be seen at level 1.17300



We will encourage proper risk management to be applied at all times in trading our setups. 

Wednesday, 16 May 2018

Forex Brokers Accepting Capitec Bank Clients

Sifiso Nkwanyana
capitec bank forex , JP Markets forex


Finding a broker as a Capitec Client is hard these days with most international transactions have been stopped on certain forex trading related payments. Our Recommended brokerage firm for Capitec deposits and Withdrawal will be JP Markets which is currently the leading local brokerage firm caters for both Forex, Bitcoin and Metal traders.


Benefits of Using JP Markets


  • Instant Withdrawals
    - Thats the advantage of Using a local Broker, your withdrawal gets to your account as soon as they transfer funds to your banking account.

  • Accepting All South African and International Banks
    - You can trade using any bank of your choice and the services would still be instant, therefore its not necessarily Capitec but trades with FNB, Standard Bank, ABSA and Bidvest are more welcome to trade with JP Markets.


     
  • Direct Bank Deposit
    - JP Markets allows direct cash deposits, these type of Forex deposits can be made through the ATM or Bank cashiers. most people probably question how they can deposit trading funds directly and this article is the key to that.

Open an Account today and Trade with JP Markets for improved service quality







Our Team

  • Sifiso NkwanyanaCEO/Founder
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  • Zamalandela DlaminiOffice Administrator
  • Xolani SilindaMentor
  • Mfundo MkhwanaziMentor
  • Sandile NkwanyanaMentor