ΣL US Dollar Composite - 3rd November 2023 | @ 77 Days | - 0.48%
Last trade: - 0.48% | 'B' class signal detected in Sigma-L US Dollar Composite (EUR/GBP/CAD/AUD/JPY vs USD). Average wavelength of 77 days over 13 iterations since March 2021. Currently troughing.
ΣL Cycle Summary
After the most recent peak of this component was almost impossible to phase due to the lack of amplitude, we look to the forming trough of the wave at ~ 77 days average wavelength, right now. The lack of amplitude is certainly not typical from this component, indeed it has been admirably frequency & amplitude stationary since the low in October 2022, save for the aforementioned peak. This stationarity helps to infer the position of such a peak - due to the quite reasonable assumption that frequency of periodic components in financial markets modulate relatively slowly over time.
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 26th September 2023
Entry: 26th December, 2023
Exit: 3rd 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.
Composite Average Gain:
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 76.99 Days
Completed Iterations: 13
Time Frequency Analysis
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