Shaun Murison
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.
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Tech Tuesday: Top40 reversal builds as rand breaks support
Tuesday, 25 August 2026
A busy week across markets sees several technical setups beginning to take shape.
The Top40’s longer-term trend reversal remains in play, with pullbacks increasingly viewed as buying opportunities, while USD/ZAR has broken support and could be extending its downtrend. US benchmarks are finding near-term support, gold remains constructive despite its recent run, and Brent crude is testing gap resistance for a potential bearish reversal.
Inside this update:
J40 Cash Index
The Top40’s longer-term trend reversal remains in play, with Shaun Murison identifying the pullback levels that could offer opportunities to join the emerging uptrend.
US Indices
US benchmarks appear to be finding near-term support, with the Dow potentially triggering a buy signal ahead of the S&P 500 and Nasdaq 100.
ZAR/USD
USD/ZAR breaks below short-term support, with Shaun Murison assessing whether the downtrend is extending and highlighting the key targets and failure levels to watch.
Commodities
Gold
Gold remains technically strong after its recent run, with Shaun Murison identifying the pullback levels that could offer opportunities to maintain a long bias.
Brent Crude Oil
Brent crude tests gap resistance as a potential bearish reversal develops, with Shaun Murison outlining the confirmation level and downside targets to watch.
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