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$USD vs. $ZAR Signal Potential Decline To 11.389 | #rand #forex

1598
Friends,


Look for a breach of the 2-4 Line (even beyond defined geometry) for a potential short signaling. Bears are starting to weigh on the USDZAR pair, while #USDollar is also shoeing signs of fatigue across other pairs (in addition, look for internal weakening in SPX and USDJPY correlate).


syot kilat


Background geometry is the Wolfe Wave with its 1-4 Target Line lurking beneath, whereas a structure at a narrow 11.389/11.360 is likely to offer a solid floor if and once above bearish scenarios plays out.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Nota
27 OCT 2015 - Chart Update / Tech-Note:

(initiated speculative ATHENA in ATHENA Room)

Price continues to move in forecast direction. ATHENA outline remains highly speculative:

syot kilat

David Alcindor

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