Australian Dollar Spot - 20 December 2022

Analysis & Learning Dec 20, 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.  

Long view: a secular downtrend is underway and not expected to end until 2024 when the 7 year cycle bottoms. In strong underlying downtrends, shorter cycles tend to peak early. We will therefore start watching for a peak in the current 18 month cycle upswing keenly. 

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.