US Dollar vs. South African Rand (USDZAR) update - 11 November 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
USDZAR - a strong 40 day cycle upswing is in progress.
In our last update (30 October) we forecast a 40 day cycle trough at just over 17.1 around 12 November. The actual 40 day cycle trough came in at 17.27 on 7 November. So hard bad are things going to get for the South Africans?
