ΣL EUR Composite - 21st February 2024 | @ 135 Days | + 0.18%

Last trade: + 0.18% | 'B' class signal detected in Sigma-L Euro composite (EUR vs JPY/USD/GBP/AUD/CHF/CAD/NZD). Average wavelength: 135 days / 16 iterations since June 2018. Currently troughing.

ΣL Cycle Summary

The early move from the peak of this wave, around mid December, proved to be the most sharp as price action has largely consolidated since. Phasing dictates a low of this component is now forming with a peak anticipated toward the end of April 2024. Performance in the composite from our last report was overall flat over the period, variance amongst currencies quite high. Outperformance in this down leg came from EURUSD whilst EURJPY lagged, the weakness of the Yen contributing to less downside.

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 report for this instrument, linked below.

Type: Sell - ΣL EUR Composite 27th December 2023
Entry: 27th December, 2023
Exit: 21st February, 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:
EURUSD (2.81%)
EURGBP (1.59%)
EURNZD (0.55%)
EURCAD (0.45%)
EURCHF (-0.62%)
EURAUD (-1.30%)
EURJPY (-2.22%)

Composite Average Gain:
0.18%

Before and After

Signal comparison between our last report and the current time, in chart format.