AUDNZD: Hurst Cycles - 20th April 2022

A smaller than anticipated move to the 40 day nominal low precedes a further move up to the now forming 40 week nominal peak. We look at the shorting options from here

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

Phasing Analysis

Long Term

Components greater than and including the 18 month nominal cycle

Medium Term

Components less than and including the 18 month nominal cycle

Short Term

Components around the 80 day nominal cycle

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Analysis Summary

AUDNZD has continued in an excellent cyclic fashion, moving into and out of the 40 day nominal low anticipated in our last report on the 8th April. The move itself was less bearish than projected, triggering our trades but reversing to stops for a small loss via an exuberant move on the 13th. This was almost certainly the 40 day nominal low, as shown in the short term charts and the neat nests of lows under price action at that time.