ΣL CAD Composite - 31st October 2023 | @ 167 Days | + 0.21%
Last trade: + 0.21% | 'B' class signal: Sigma-L Canadian Dollar Composite (USD/EUR/GBP/JPY vs CAD). Average wavelength of 167 days over 12 iterations since Sept 2018. Currently approaching a peak
ΣL Cycle Summary
The component around 167 days average wavelength here in the CAD pairs is most prominent in USDCAD - to a much lesser extent in the other pairs but still a notable wave. It is, according to the time frequency analysis in the final stages of a move up and so is marked as an ‘early sell’ below. USDCAD outperformed in the last trade with a strong bullish move. The beacon like signal around 77 days is due to be reported on tomorrow and is also peaking, well worth checking out.
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