ΣL Cycle Summary
This longer term wave in EURCAD looks likely to have troughed in early October, judging by the strong move up from the low. It is also certainly within the margin of error window defined by frequency modulation across the sample. Due to peak in the middle of next year, traders may wish to wait for a pullback to join this largely underlying component to the crest.
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: Sell - EURCAD 13th April 2023
Entry: 13th April 2023 @ 1.4734
Exit: 27th November 2023 @ 1.4937
Gain: -1.38%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 490.28 Days
Completed Iterations: 6
Component Yield Over Sample: 41.49% - learn more