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 – pro-trend rally towards the next 40 day cycle peak.
The South African Rand (ZAR) is sensitive to industrial metals prices, which in turn makes it a China and a global growth play. Other things equal and simply put, if ZAR strengthens, then the industrial metals market is robust; if it falls then the reverse is true.
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