ΣL Cycle Summary
Although this wave is outstanding in USDCAD, there is some interesting modulation occurring when the composite is constructed and our analysis via it’s time domain average. Most obviously a periodic component around 50 days which has some significant power. For this reason the signal is a lowly ‘C’ category, not withstanding the excellent periodicity shown in USDCAD alone. The last trade was an early buy and certainly proved to be just that, with a drop subsequent to the 5th of December mitigating gains. Overall, GBP outperformed in an overall pretty asinine move up for this composite - the downside now beckons until early March, according to the current phasing.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Early Buy - ΣL Canadian Dollar Composite 5th December 2023
Entry: 5th December, 2023
Exit: 24th January, 2024
For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Constituent Gain:
GBPCAD (0.53%)
EURCAD (0.09%)
AUDCAD (-0.08%)
GBPCAD (-0.79%)
Composite Average Gain:
-0.06%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 78.18 Days
Completed Iterations: 14