The Periodical: 14th January 2022

An overview of the periodic action across our portfolio this week

Chart of the Week

GBPUSD since 1976 displaying a wonderful 9 and 18 year component. The latest iteration of the 18 year component has recently bottomed.

Round Up

A fairly quiet week on the markets from our point of view with most instruments moving largely as expected and previously reported. Stockmarkets have likely put in their 40 day nominal lows and we await more downside into what is at least a 20 week low early February. The FTSE is, suprisingly, the most bullish of the three indices we cover but has the 54 month FLD resistance, above price, about to exert pressure. Unlike the SPX and DJIA, the 20 day FLD in the FTSE was only briefly crossed (for the move to the 40 day nominal low) but reported targets are maintained for the 20 week low which is incoming in February.

Good moves in Forex this week, most notably in the dollar. USDJPY achieved the target of 113.8 today and now sits at the 20 week FLD. The Dollar Index has likely rolled over it’s 18 month nominal peak, interim target o…