Senior Analyst, Rand Swiss

Shaun is a senior analyst specialising in derivatives trading and technical analysis across index, commodity, FX, and equity markets. With nearly 20 years of experience in financial markets, Shaun brings deep expertise to his role, presenting research and analysis to Rand Swiss clients. Shaun is a regular commentator on local and global financial markets, contributing to major media outlets including CNBC Africa, Reuters, Moneyweb, and Business Day. He produces daily and weekly market reports focused on technical analysis and trading opportunities in his core markets. As a registered person at the JSE and a Certified Financial Technician (CFTE), Shaun combines formal credentials with practical market expertise.

You can follow Shaun on Twitter at @ShaunMurison_RS for regular market updates and trading insights.

Tech Tuesday: Indices and gold break out, USD/ZAR still rangebound

Tuesday, 11 August 2026

US benchmarks have paused their recent run with uptrends intact, the Top40 and gold have both produced strong upside breakouts into overbought territory, Brent crude is rebounding from oversold levels, and the USD/ZAR is attempting a bullish reversal from range support.

Inside this update:

• US Indices
• J40 Cash Index
• ZAR
• Commodities

J40 Cash Index

US Indices

Major US benchmarks have paused their recent run, but uptrends remain firmly intact. The Nasdaq is lagging while the Dow is leading. Senior Analyst at Rand Swiss, Shaun Murison, highlights key levels and what to watch out for next.

ZAR/USD

The USD/ZAR has moved back to range support from where it is now attempting a bullish price reversal. Senior Analyst at Rand Swiss, Shaun Murison, assesses both the range trade and breakout scenarios for the currency pair.

Commodities

Gold

We have seen a strong breakout on gold, which could be early indications of a broader trend reversal. The commodity has, however, moved into overbought territory. Senior Analyst at Rand Swiss, Shaun Murison unpacks how one might trade these contrary indications.

Brent Crude Oil

The price of Brent crude fell short of our downside target last week and has subsequently started to rebound from oversold territory. The open price gaps still suggest a slight negative bias to oil, and today’s candle could be telling as to whether we are near a top or not. Senior Analyst at Rand Swiss, Shaun Murison, takes a look.