GBPCAD - 31 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. We tend to base off the 20 day cycle for the weekly outlook note, making the tactical timeframe around 10 days.
GBPCAD
The underlying trend is up with an 54 month cycle still young and rising. The recent pullback into the 80 day cycle trough was therefore brief and shallow. We are looking for near and intermediate term price expansion with a new 80 day cycle from here.
