USDZAR, Elliot wave count cycle and primary Short

OANDA:USDZAR2W

USD/ZAROANDA

Description

⋅ Apr 24, 2022 10:39 AM

about to see a drop in USDZAR then the rally up for the 5th wave

Wave Analysis Chart Patterns

Comments

ZA-ANALYST

⋅ Apr 25, 2022 8:56 AM

I Take your point, but beg to differ. with interest rates, moody's & loadshedding and strong USD, ZAR will only weaken

DoctorTanzanite

⋅ Apr 24, 2022 10:44 PM

Thanks good analysis ... fundamentally USD is very strong against ZAR, why would you expect the USD to fall back to R11.50? I want to sell my ZAR and buy USD with anticipation that USD can rise back to R20. Do you think we gonna go down to R11.50 before proceeding to R20? Currently the SA economy is not as stable. Please advise if it is good time to sell my ZAR for USD.