ΣL US Dollar Composite - 11th August 2023 | @ 79 Days

Last trade: 1.47% | 'B' class signal detected in Sigma-L US Dollar Composite (EUR/GBP/CAD/AUD/JPY vs USD). Average wavelength of 79 days over 11 iterations since March 2021. Currently troughing.

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 - ΣL US Dollar Composite 10th July 2023
Entry: July 10th, 2023
Exit: August 11th, 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:
JPYUSD (2.35%)
AUDUSD (2.33%)
GBPUSD (1.36%)
CADUSD (1.20%)
EURUSD (0.10%)

Composite Average Gain:
1.47%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 79.24 Days
Completed Iterations: 11

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.

Current Signal Detail & Targets

Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).

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Phase: Troughing / Troughed
FM: +- 7 Days
AM: 0.00366
Next Trough Range: 11th August - 25th August, 2023
Next Peak Range: 19th September - 3rd October, 2023

Sigma-L Recommendation: Buy
Time Target: ~ 26th September, 2023

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Current Signal Phase

This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.

Current Signal Frequency Modulation (FM)

This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.

Current Signal Amplitude Modulation (AM)

This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.

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