CADJPY - 29 December 2022
Link to guidance notes for Hurst cycles terminology: FLD, VTL, Translation, Diamonds, Circles/Whiskers etc. Note: peak and trough zones colour coded by cycle magnitude, from 20 day to 18 month.
The overall theme is bearish as the 20 week cycle nears maturity. Expecting a 20 day cycle rally from 8 January, but this could be disappointing and resolve to the downside again quickly. We will do a progress update in the second week of January.