CHFJPY - Cyclic Phasing

This is the first of my combined Strength Analysis and Cyclic Phasing trades taken on Friday. Given the frustration of trading the turns, this combined approach seeks to join the trend after the turn has occurred, following the flow of money in the total currency market place as momentum picks up. I'll be posting the Cyclic Phasing with each pair as it comes into focus on the Strengths Analysis from tomorrow, which should provide a useful multi-dimensional approach. If you look back to Friday, you'll see that this pair came up on the Strengths Analysis and I posted the 'return to the half tend line' charts there. So just the Cyclic Phasing bit here to go with it.

On the 54month cycles chart, price appears to be in the 3rd 80 week cycle and therefore likely to be climbing its final path to new highs before collapsing (now that will be worth grabbing on the way down too!). There is nothing negative in this chart except for the momentum cluster which is pointing downhill for now, but there is no overbought nesting to concern myself with as yet.

At the 80 week cycle level, matters appear quite neat with the 4th 100day cycle being worked on now. Both the 80week and 100day regression channels are slammed upright and we have a potential low date in August; but at the 54 month level, there is a lot of flex in that bottom so following it uphill for now. Indeed the daily momentum study has already turned up and the 2day look like it is ready to follow. I am wary of the 400day trough there mind you - price has been moving across it, rather than down into it, but is not across it yet - just maybe there is a more complicated correction to endure here first, but if you look at the first chart, price has nearly cleared the 1200 day trough which may in fact be the dominant cycle.

At the 100day level, it does look like we have seen the 50day low and the strengths analysis from Friday has picked up on the possible breakout to the upside, supported by really lovely momentum nesting. I hope so!!