$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
-----
.
Note
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:
David Alcindor
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.