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

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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).


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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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Not
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:

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David Alcindor

Feragatname

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