US Dollar Index - 8th November 2023 | @ 78 Days | - 0.80%
Last trade: - 0.80% | 'C' class signal detected in US Dollar Basket / Index. Running at an average wavelength of 78 days over 12 iterations since May 2021. Currently peaking.
ΣL Cycle Summary
We mentioned the almost complete attenuation of this wave at the last report and that has continued somewhat here with a flat to bearish up-leg. The component over the long term has some good qualities but is relatively poorly spectrally separated when compared to some of our other signals, hence it’s ‘C’ rating currently. We will want to see a well defined down-leg here for to lock back into the periodicity well. The period January to July 2023 is a good example of excellent definition due to a flat underlying trend, shown below. The next trough of this component is due early-mid December at the current wavelength (+- FM).
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: Buy - US Dollar Index 27th September 2023
Entry: 27th September 2023 @ 106.67
Exit: 8th November 2023 @ 105.82
Gain: - 0.80%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 78.05 Days
Completed Iterations: 12
Component Yield Over Sample: 26.51% - learn more