USDCAD: Market Cycles - 9th March 2023
Targets of 1.36 are met thanks to the almost metronomic accuracy of the 80 day nominal wave. Price reaches up to the 1.39 target and is due a peak imminently. We look at the next moves in this report
Essentials: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend | Time Frequency Analysis
Analysis Summary
Vying for the crown of the best periodic signal in markets currently is the outstanding 80 day ‘nominal’ component in USDCAD. Running at around 72-78 days average wavelength and remarkably stationary across a prolonged period. If any candidate is to displace the current ‘beacon’ king of signals in Gold it is this particular signal. The recent upside acceleration in price action, after many months of gentle updrift, via the 18 month component trough, has yet to substantially attenuate the shorter signal, shown in the short term TFA below.