AUDJPY: Aussie Dollar Reverses from 11-Year Low to 15-Month High: Didn't See THAT Coming... or Did You?
by Nico Isaac
Updated: September 08, 2020
Q: What's the Best Way to Miss a Currency Rally?
A: Wait Till After-the-Fact Stories That Link Big Price Moves to "Big News" Reports
Chart of the Day just showed you a case-in-point of how this happens: After the Aussie Dollar-Japanese Yen began to rally, financial news said "central bank action" was the cause. Backwards reporting like that happens all the time, for virtually all big financial market moves.
You also saw how our Elliott Wave forecasts alerted subscribers before the rally (and months before the supposed "cause").
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