applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Thursday, 13 July 2017
Observed Thursday 13th July
USD/ZAR appears to have completed the 4th (minuet) of the 1st (minor) of the 3rd (major) of Rand weakening cycle which commenced end of March.
Meanwhile the JSE Top 40 futures index appears to have rushed into the 3rd (minuet) of the 1st (minor) of the 3rd (major) of the bull cycle that commenced early December 2016. The 3rd (major) is destined for a ATH.