4xForecaster
Short

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

FX:USDZAR   U.S. Dollar/South African Rand
624 12 20
a year ago
QUICK ANALYSIS:

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



2 - Nascent Geo:
snapshot



3 - Elliott Wave Contracting Triangle:
snapshot


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 .

snapshot


Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Twitter: @4xForecaster
Linked-In: David Alcindor
TradingView: www.TradingView.com/u/4xforecaster
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.
a year ago
Comment: 02 NOV 2015 - Chart Update / Tech-Note:

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

snapshot


David Alcindor
a year ago
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:

snapshot


David Alcindor
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
red30
a year ago
stole my idea ? (joking). Shark as well, possible.
+1 Reply
4xForecaster PRO red30
a year ago
Hello @red30 - Yes, Shark is a great potential - Do you trade the 5-0 as well?

David
+1 Reply
red30 4xForecaster
a year ago
seldom, think this is for the backdoor inner circle elite, with all around charts view. Great chart, thanks.
+1 Reply
trviewmt
a year ago
November 2105 maybe - not September!..
+1 Reply
4xForecaster PRO trviewmt
a year ago
Hello @trviewmt - The chart was updated and published today.

However, the targets are dated and documented correctly:

- Here is the post-dated post:
https://www.tradingview.com/chart/USDZAR/sLQnJ8Wk-USD-vs-ZAR-Signal-Potential-Decline-To-11-389-rand-forex/#tc231743

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



David Alcindor
+2 Reply
29 OCT 2015 - Tech-Note:


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


David Alcindor
+2 Reply
02 NOV 2015 - Chart Update / Tech-Note:

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

snapshot


David Alcindor
+2 Reply
iefan PRO 4xForecaster
a year ago
Great trade idea David, thank you for the update, been watching it closely!
Reply
shenkw85 4xForecaster
a year ago
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
4xForecaster PRO shenkw85
a year ago
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.

David
+3 Reply
Heelfan23 PRO 4xForecaster
a year ago
snapshot
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.
Reply
MariaSmith
a year ago
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. 

http://forex-matter.blogspot.com/2011/06/forex-deadly-mistakes-that-ensure.html
Reply
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