$USD v $ZAR - Potential Reversal At 13.91 - #rand #forex $USDZAR

FX:USDZAR   U.S. Dollar / South African Rand
648 12 21

1 - Internal reciprocal ab = cd symmetry points to 12.9022:

2 - Nascent Geo:

3 - Elliott Wave Contracting Triangle:

4 - Predictive Analysis & Forecasting Model defines the following bearish targets:
-- TG-1 = 12.94603 - 16 SEP 2015
-- TG-Lo = 12.68373 - 16 SEP 2015
--TG-Lox = 12.51395 - 16 SEP 2015

Invalidation would occur if and once price broke above the price level of Point-2, corresponding to the tip-top reversal I had provided this 28st September, 28th, 2015 (see prior predictive analysis & forecasting here: http://bit.ly/1MXjz1m ).

5 - This is one of the many pattern for which on-going pre-publishing analyses are occurring in the discussion rooms I have created. Feel free to follow pre-publishing analyses on Forex, stocks, indices and commodities .


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA

Twitter: @4xForecaster
Linked-In: David Alcindor
TradingView: http://www.TradingView.com/u/4xforecaster

Comment: 02 NOV 2015 - Chart Update / Tech-Note:

Price continues to decline from forecast target; Bearish targets remain intact and in force:

David Alcindor
Comment: 07 NOV 2015 - Chart Update / Tech-Note:

The foreground's Predictive/Forecasting Model's targets remain intact and in force. However, the background geometry will need to be re-evaluated - I will wait for price to complete the current bullish motive wave and see whether a correction is developing. This would likely be the development of a the anticipated reversal:

David Alcindor
Forex trading is open 24 hours a day and therefore you need to ensure that the forex broker that you choose operates at all times of the day. 

02 NOV 2015 - Chart Update / Tech-Note:

Price continues to decline from forecast target; Bearish targets remain intact and in force:

David Alcindor
+2 Reply
iefan 4xForecaster
Great trade idea David, thank you for the update, been watching it closely!
shenkw85 4xForecaster
Hi David

This monster rally has broken the long term resistance in the past 10 years. I notice that when-ever the pair reaches such extremity in RSI,MACD. It is usually follow by a re-tracement.
+1 Reply
Hello @shenkw85 - Looking at the USDollar Index chart, as well as other $USD pairs, there remains a bit of a distance before a pull-back is reached. Still, each chart will behave differently from one another, but I would pay particular attention to the majors in terms of a coordinated pull-back.

Regarding $USDZAR, the developing geometry is shaping up into something larger and of greater amplitude than initially estimated. So, best is to let it express itself into a recognizable form, before we can anticipate its function ... As in most organic things of life, form often follows function.

+3 Reply
Heelfan23 4xForecaster
Hello David. I am looking at a nice sell opportunity here. This is a little experiment I've been working with based on cycles and time. Let's see how it plays out. Any thoughts would be great, if you have time.
29 OCT 2015 - Tech-Note:

Here is a 5-minute view of the field ... Geo played itself out, ICYMI:

David Alcindor
+2 Reply
November 2105 maybe - not September!..
+1 Reply
Hello @trviewmt - The chart was updated and published today.

However, the targets are dated and documented correctly:

- Here is the post-dated post:

- Here is the entire thread, where the target were preceded by lower values in August - The Predictive/Forecasting Model refined the targets as of above post - Click on link/picture:

David Alcindor
+2 Reply
stole my idea ? (joking). Shark as well, possible.
+1 Reply
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