ΣL GBP Composite - 6th November 2023 | @ 168 Days | - 0.47%

Last trade: - 0.47% | 'C' class signal detected: ΣL GBP Composite (GBP vs USD/EUR/AUD/CAD/JPY). Average wavelength of 168 days - 11 sample iterations since Dec 2020. Currently hard up.

ΣL Cycle Summary

This signal just about scrapes back onto the site by virtue of taking a longer sample since December 2018 - which in turn reveals a degree of historical stationarity worth noting. The component, evident below on the time frequency analysis at around 170 days average wavelength, was beautifully stationary until 2022. Subsequently there has been some wider dispersion in frequency, making identifying the turning points somewhat harder. This wave is well deserving of a heavy ‘C’ class rating. We have included it for subscribers regardless but would highly recommend a look at the somewhat more stationary shorter component around 77 days, reported via the ΣL US Dollar Composite several days ago.

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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 GBP Composite 3rd August 2023
Entry: 3rd August, 2023
Exit: 6th November, 2023

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:
GBPJPY (2.51%)
GBPCAD (-0.23%)
GBPEUR (-0.56%)
GBPAUD (-1.70%)
GBPUSD (-2.35%)

Composite Average Gain:
- 0.47%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: C - learn more
Average Wavelength: 167.8 Days (23.97 weeks)
Completed Iterations: 11

Time Frequency Analysis