I expect a Strong ZAR against Dollar in the next few months.
Reason:
- The USDZAR has given us WXYXZ correction from the past 12 months (June 2022 - June 2023), we can conclude on a complete cycle. (elliot waves)
- We can therefore project for an impulse 5 waves down.
- We have completed W1 and W2 ( at 50% Fib level), aiming for W3 at 261.8% of W2
Entry:
- Apply SMC strategies at lower time frame (Preferably 15 minutesTF)
- The South African Governor Mr Kganyago has indicated an undervalued ZAR and a projection of a stronger ZAR in the following months. (Fundamental news)
Reason:
- The USDZAR has given us WXYXZ correction from the past 12 months (June 2022 - June 2023), we can conclude on a complete cycle. (elliot waves)
- We can therefore project for an impulse 5 waves down.
- We have completed W1 and W2 ( at 50% Fib level), aiming for W3 at 261.8% of W2
Entry:
- Apply SMC strategies at lower time frame (Preferably 15 minutesTF)
- The South African Governor Mr Kganyago has indicated an undervalued ZAR and a projection of a stronger ZAR in the following months. (Fundamental news)