Chart, page-13556

Hi folks

Just updating the charts.

I after recent action I decided to look at the monthly BRN charts. Every thing looks good on these charts.

Importantly the 12MMA (yearly) is rising strongly and the 60MMA (5 yearly) is growing as well.

Both the Monthly Stoch's and Macd are positive and plenty of room for the monthly RSI(5) to get into the Blue range.

The 12MMA crossed above the the 60MMA way back in Dec 2020 (such a bullish signal) and so far there is no looking back.

There is a question as to whether we will set up a classic cup and handle pattern, or as an alternative just power right through the 0.77.

I suspect it all depends on the announcement cycle. If there Is no real announcements into Late Jan - Feb then I think we could form a profit taking handle shown my chart.

I can't draw a chart for announcements I haven't heard off.

Anyway looking forward to next weeks SP data. I suspect that we will get into the range 0.75 -0.80.

Will that start the profit taking handle? I will watch.

Just the way I deal with the markets so that I am not surprised by what plays out. As Always DYOR

cheers Lies

PS Forgive me U god for I have sinned and posted another BRN chart post

PSS let see how my predictions play out