USDCAD: Hurst Cycles - 1st June 2022
An excellent long trade from the 40 week nominal low in late March met targets to the upside. In this report we look at the outstanding 80 day nominal component and the next trading opportunity
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
Time Frequency
Wavelet convolution output spanning wavelengths: 63.38 to 95.1 days
