USDCAD Market Cycles - 18th April 2023
The superb, profitable signal around the 80 day 'nominal' wave continues as price targets of 1.36 and 1.34 are met to the downside. Now a trough of the same component approaches, we look at the latest
Essentials: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Underlying Trend | Time Frequency Analysis
Analysis Summary
It is for good reason the component around 75 days in USDCAD made it to number 3 in our recent Wow! Signals in Financial Markets list, collating some of the most profitable signals in markets today. It’s remarkable stationarity testament to a non random process occurring in this particular instrument (and also present in other CAD crosses, take a look!). Price targets of 1.36 and 1.34 from our last report were all met and exceeded. Nearby the 20 week component is also superb, shown at the medium term view below.
There is little to add in this report aside from letting subscribers know that the component around 75 days is due to trough imminently. It is currently 75 days along it’s phase if counted from the last pinpointed low price from Sentient Trader (somewhat flawed concept but practical in this case). A more interesting inflection poi…