$USD vs. $ZAR Signal Potential Decline To 11.389 | #rand #forex
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).
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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Twitter:
@4xForecaster
LinkedIn:
David Alcindor
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.
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).
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
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
-----
.
(initiated speculative ATHENA in ATHENA Room)
Price continues to move in forecast direction. ATHENA outline remains highly speculative:
David Alcindor