The Periodical: 22nd April 2022

Cryptocurrencies and stockmarkets move tentatively from 40 day nominal lows, metals tantilise and US natural gas blows up a top

Chart of the Week: USDJPY

USDJPY from late 2011, the excellent 9 year/4.5 years components are visually apparent. The 9 year component made a most recent low in early 2021 and is currently peaking from the first 18 month nominal cycle, due to trough in June/July this year. There was an 18 year nominal low in late 2011.

Round Up

Another exciting few weeks in the financial markets has seen equity indices attempt to establish what should be the 40 day nominal low in the last week or two. Moves from this low have been varied, with the DJIA leading the way for the US markets while the European equivalents have floundered somewhat. The lows made around the world in early March are now confirmed in the majority of cases as a low of at least 20 week magnitude.

The currency market has presented some excellent opportunities recently. AUDNZD has likely peaked from it’s current 80 day component iteration and is heading for a low in mid May. USDCAD has bounced from the 40 week nominal low and has alre…