ΣL Cycle Summary
In this comprehensive time frequency analysis of the US Dollar against 23 global currencies at wavelengths < ~ 120 days we can discern a powerful periodic feature around 80 days. Featured previously on Sigma-L by way of the GBPUSD and EURUSD, this cycle was highly stationary in the sample until around August 2024. From this point a larger, bearish component has been in control, resulting in suppressed power for this wave but interestingly increased power at a higher frequency (namely ~ 35 days wavelength), see below.
We can reasonably extrapolate the timing of the component around 80 days however, given the historical stability and despite the recent loss of power. This gives an imminent trough at the current wavelength.
Currencies within this composite: BRL, AUD, CAD, CHF, CLP, CNY, CZK, DKK, EUR, GBP, HUF, ILS, MXN, MYR, NOK, NZD, PHP, PLN, SEK, SGD, THB ,UYU, ZAR.