Loading ...Amazing…
…what you find when you start looking. Talk about jigsaw puzzle – the AUD/USD pair seems to fit perfectly. I hope I’m not being biased here, but this is what the chart is saying to me, and it matches perfectly with my current expectations. Thank you Fully for your earlier post, it prompted me to dig into this a bit. Whether the AUD/USD rises for a couple of months or possibly up to 18 months or so, we’ll have to wait and see. The possibility of a drop to the bottom support rail right now is (in my view), very low. That’s based on the time element (see my earlier post), and the fact that we are only just getting to the moving average crossover after the cycle low. Look what happened during every other cycle.
Almost identical to the XAU chart. Thanks for posting.
The AUD and CHF are about to host ICL’s (weekly cycle lows), along with a DCL for gold
The problem for the AUD is that the weekly cycle is left translated, so whether that poses a problem moving forward remains to be seen, however the trend from early 2016 is clearly UP.
The Swiss Franc is clearly in the timing band at around 76 calendar days to host a failed, left translated daily cycle.
The most likely date is between 23-27 Apr.
Gold will follow the AUD and CHF.
That’s great info Norvast. Thank you.
The other guide that we use is the AUS miner NST.AX which hosts a daily cycle low at either 55 or 76 calendar days apart low-low.
It is a special public holiday in AUS today, namely ANZAC day, markets are closed, so depending what happens in NY today then NST.AX may drop to host a DCL tomorrow at 76 calendar days or retain the 55 calendar day DCL and form a “double bottom”.
Whatever the case gold and NST.AX are about to host an important turn.
We are all over this turn so I cannot believe folks are talking down the AUD and CHF.
This is just normal cyclic pattern in an up-trend.