SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Enhance work practices within trading by the application of technical analysis 
SAQA US ID UNIT STANDARD TITLE
117810  Enhance work practices within trading by the application of technical analysis 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  30 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is for learners working in a foreign exchange environment.

Successful learners are able to:
  • Identify, analyse and apply appropriate foreign exchange technical trading tactics and techniques
  • Identify, analyse and apply candlestick charting
  • Identify, analyse and apply appropriate charts and chart patterns 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learners are competent in:
  • Communications at NQF Level 4
  • Mathematical Literacy at NQF Level 4
  • The Unit Standard entitled, "Operate systems to accommodate the defined situations within a trading environment" 

  • UNIT STANDARD RANGE 
    Financial and Foreign Exchange Markets 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify, analyse and apply appropriate foreign exchange technical trading tactics and techniques. 
    OUTCOME RANGE 
    Technical analysis includes identifying and analysing the various charting techniques such as charts, chart patterns, indicators, trends and oscillators 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The various types of Indicators used by technical analysts are identified and analysed according to the currencies being traded 

    ASSESSMENT CRITERION 2 
    The various types of charts used by technical analysts are identified and analysed according to the currencies and their time frames being traded 

    ASSESSMENT CRITERION 3 
    The various types of chart patterns used by technical analysts are identified and analysed according to the currencies and their time frames being traded 

    ASSESSMENT CRITERION 4 
    The various technical indicators are assessed, analysed and presented in chart format using a computer and various software charting packages 

    ASSESSMENT CRITERION 5 
    The alternative approaches and information required in technical analysis are described, analysed and applied according to the various currencies and the time frames in which they are traded 

    ASSESSMENT CRITERION 6 
    Price forecasting strategies and trading tactics are identified and tracked via suitable trading platforms and according to the types of currencies being traded 

    ASSESSMENT CRITERION 7 
    Terms and conditions of trades are captured correctly as per system specific requirements 

    ASSESSMENT CRITERION 8 
    Changes in market trends are predicted, analysed and traded using various charting patterns which include charts, chart patterns, indicators, trends and oscillators. 

    SPECIFIC OUTCOME 2 
    Identify, analyse and apply candlestick charting. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The attributes of the body of a candle used in candlestick charting are analysed according to the charting system 

    ASSESSMENT CRITERION 2 
    The various types of candles used to depict a candlestick chart are identified, analysed and understood in order to analyse the trends and market movements of currency being traded 

    ASSESSMENT CRITERION 3 
    Groups of different candle types are identified, analysed and understood in order to analyse the trends and market movements of a currency being traded 

    SPECIFIC OUTCOME 3 
    Identify, analyse and apply appropriate charts and chart patterns. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Buying and selling opportunities are identified, analysed, planned and executed using chart patterns 

    ASSESSMENT CRITERION 2 
    Changes in market trends are predicted, analysed and tracked using chart pattern techniques 

    ASSESSMENT CRITERION 3 
    Market trends from various chart types are identified and analysed according to the types of currencies being traded 

    ASSESSMENT CRITERION 4 
    Trades are monitored utilising various price forecasting indicators and trading tactics such as identifying and analysing chart patterns in conjunction with trends, technical indicators and oscillators simultaneously in order to more accurately identify market entry and exit points 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The terminology relating to the Foreign Exchange Markets and instruments in respect of currency language
  • The basic theories of technical analysis including price forecasting and trading tactics such as identifying and analysing, chart patterns, trends, technical indicators and oscillators
  • Foreign Exchange Market research techniques
  • The FAIS (Financial Advisory Intermediary Services) Bill
  • The Financial Services Association
  • The Reserve Bank rules and regulations for exchange control
  • The Financial Markets Control Act 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner will be able to identify and solve problems and display responsible decision-making by using charts and technical indicators to analyse and evaluate trading opportunities and threats 

    UNIT STANDARD CCFO COLLECTING 
    The learner will be able to collect, organise and critically evaluate information to establish a comprehensive understanding of the foreign exchange markets based on technical indicators, charts and chart patterns 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner will be able to communicate effectively using visual, mathematical and language skills in oral and written form to track and research foreign markets and execute buying and selling opportunities 

    UNIT STANDARD CCFO SCIENCE 
    The learner will be able to use technology effectively and critically in analysing technical indicators and charts 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner will be able to demonstrate an understanding of the world as a set of related systems and recognise that problem-solving contexts pertaining to the foreign exchange markets do not exist in isolation and must be considered based on fundamental as well as technical analysis 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Supplementary knowledge:

    Legal:

    The use of tasks and materials in the learning event plan must be done in the context of:
  • The FAIS (Financial Advisory Intermediary Services) Bill
  • The Financial Services Association
  • The Reserve Bank rules and regulations for exchange control
  • The Financial Markets Control Act

    Terminology:

    An understanding of terminology for foreign trading is required. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Cornerstone Performance Solutions (Pty) Ltd 
    5. Felix Risk Training Consultants 
    6. Firstrand Bank - Benmore 
    7. Nedbank Ltd 
    8. The Facilitation Workshop 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.