GBPCAD - 31 December 2022

Analysis & Learning Jan 3, 2023

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.

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.