Its been very strong so far contrarian to what most analysts are expecting... so we will see. It will be very dependent on what US does with interest rates over the next year.
Hello Jordan - The 15-week mode is correct initially, and with the latest 2-week additional revisit of the 15-week level is really just one because last week was a range expansion UP. The RANGE AROUND THE MODE should only count the bars that are TOUCHING the mode or are between the first and last bar that touch the mode. So your lower bound down at the 2016 low would be incorrect since that doesn't touch the mode. The actual range is around .7100 at the May 2017 low. So the mode range is .71 to .78 or .07 added to .755 which gives an upside target of .825 (instead of .855 as you have listed.)