CADJPY - 29 December 2022

Analysis & Learning Dec 30, 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.  

CADJPY

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.

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.