Hurst Cycles Notes
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US Dollar vs. South African Rand (USDZAR) update - 11 November 2024

Macro Updates Nov 11, 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?

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.

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