Shaun Murison, CFTe

Shaun Murison, CFTe

Technical Strategist

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Technical Analysis, risk management & position sizing.
Shaun is the Senior Market Analyst for IG South Africa, with over ten years of industry and trading experience. Shaun is a regular financial market commentator across media formats TV, Radio, online and print for the likes of CNBC, Reuters, PowerFM, Business day and Fin24. Shaun also writes daily and weekly market analysis reports for IG, as well as heading up client education support in South Africa through both regional seminars and webinars. He is a technical analysis specialist with carrying the CFTe (Certified Financial Technician) charter through the International Federation of Technical Analysis (



Rand Report: What Will The South African Reserve Bank Do?

The rand�s sharp weakening over the last three months, largely in sympathy with emerging market currencies, has provided some inflationary concerns.

Rand Report - South Africa’s Technical Recession

GDP data deals another blow to the Rand.

South Africa: Withdrawal of "a" Land Expropriation Bill

The Rand has highlighted its potential for volatility from several catalysts as of late, both international and domestic.

Rand Capitulating with Turkey Induced Sympathy

The rand has had a torrid week, following emerging market peers lower in a risk off market environment. Emerging market currency weakness has followed the trade war and a strengthening US dollar rhet...

South African Rand Resumes Weakening Trend

South Africa’s Rand underperforms After Reserve Bank Commentary

The sharp weakening of the rand yesterday see’s the USD/ZAR breaking out of a short term wedge consolidation, to resume the short term uptrend in line with the longer term uptrend

Rand Report - Emerging Market Currencies out of Favour

The rand has found some short-term reprieve over the last few days, although it appears to remain on a weakening trajectory in the medium to long term.

Looking at Brent and WTI Crude Oil after OPEC

The South African Rand Starting to Reverse Course

After an extended period of rand strength, the following charts highlight what could be the early stages of a larger trend reversal starting to emerge against developed market currency peers, the USD...

South Africa 40 Cash Index Trend Reversal in Place

We now consider the price activity below the 50239 level to be an inverse head and shoulders formation (labelled L, H & R), confirmed by the strong upside break (circled black).

South Africa 40 Cash Index Bear Flag Forming

Despite the rebound we still consider the trend bias for the index to be down. The move higher has also moved the index back into overbought territory.

South Africa 40 Cash Index Posts Sharp Rebound from Downtrend

The index price has also closed back above the 48400 level, which means we are currently not looking for short entries anymore, but rather sit in a neutral positioning for now

South Africa 40 Cash Index Targets Realised, Downtrend Remains

The lay of the 20, 50 and 200 day simple moving averages reminds us of the negative trend bias

South African Rand Weakens After Rate Cut

The South African Reserve Bank has cut interest rates, causing the rand to weaken. We look at the levels to watch on the charts.

South Africa 40 Cash Index Downside Breakout Confirmed

The bearish crossovers of the 20, 50 and 200 day simple moving averages reinforces a negative trend bias

South Africa 40 Trading Range Develops

The loss of momentum in the upward trend highlights a broader range consolidation

South Africa 40 Cash Index Upward Momentum Gaining Traction

The SA40 Cash Index has traded through our initial target at 52345 and is nearing our secondary target at 53090

South Africa 40 Cash Index range trade and dividend consideration

From current levels we consider a short term range trade opportunity, with the initial upside target considered at 52345

South African Cabinet Reshuffle: the Good, the Bad and the Rand

New South African President, Cyril Ramaphosa, has reshuffled his ministerial cabinet, which has been received with mixed review. We look at how the rand is reacting.

South Africa 40 Cash Index Upward Momentum Resumes

The SA40 Cash Index has now confirmed the trend line breakout we were waiting for in the last note (below), to trigger the long entry scenario