AUDNZD: Hurst Cycles - 19th October 2022

After a strong bullish run from the 18 month nominal low late last year price has formed a peak. A 20 week nominal low is now forming and the prospect for a bear market rally comes into focus

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Analysis Summary

The 18 month nominal component in AUDNZD has been outstanding for the last decade or so and the latest iteration of it’s low point, September 2021, came in right on schedule. The subsequent move up has been almost linear in it’s bullishness, hitting the 18 month FLD cross target at 1.12 in August this year. This structure enabled an excellent cyclical ‘line in the sand’ to be drawn - namely the 40 week VTL (shown on long term chart below). A median price cross of which confirms the 18 month nominal peak has occurred.