iQuaestor: AUDCAD: making a 54month low?

Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Monday, 3 June 2013

AUDCAD: making a 54month low?

I have been enamored with this pair since it made its last top. A cursory look at the monthly and weekly bollingers and one can tell that this pair was, and still is, worth pursuing. I have changed the big picture EW count to this being a 'c' leg down in a correction.

I have now completed the Hurst Cyclic Phasing analysis and as far as my interpretation is concerned, we are right on the cusp of a new 54 month cycle. I have posted the complete working study here but will leave any explanations to those who require them and of course let me know!