CADAUD- 25 September 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
CADAUD - testing a 40 week cycle trough points to meaningful upside reversal brewing.
The weekly analysis shows that price is squarely in a 40 week cycle trough zone in terms of time. The component 20 week and 80 day cycle trough circles and whiskers are tightly clustered below the 40 week suggesting a higher confidence level that the timing is right. In terms of price target the downswing A (into the confirmed 18 month cycle trough) is equal to downswing B into current levels. The market is constantly looking for balance and here we are at an obvious balance point. The 40 week FLD down cross back in the Spring also fairly well projects current levels as a target zone. This chart should have us in a higher state of readiness to start stalking a meaningful upside reversal.
