ΣL Canadian Dollar Composite - 17th October 2023 | @ 77 Days

Last trade: - 1.22% | 'C' class signal: Sigma-L Canadian Dollar Composite (USD/EUR/GBP/AUD vs CAD). Average wavelength of 77 days over 14 iterations since Dec 2020. Currently approaching a peak.

Oct 17, 2023

∙ Paid

ΣL Cycle Summary

A quite interesting analysis here for the Canadian Dollar composite, demanding a couple more charts than usual, shown below. The absolutely metronomic component at around 80 days, present in USDCAD, is also present in related pairs here but we have a fascinating extra component that is evidently powerful around 55 days. This shorter component is almost completely non-existent in USDCAD alone and is likely a result of diverging influence from the Dollar in the related pairs. Both are due to peak in the next couple of weeks and it will be interesting to see how these two signals interact in the coming months.

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