USDCAD - 6th May 2025 | @ 83 Days | + 3.00%
Last trade: + 3.00% | 'B' class signal detected in USDCAD. Running at an average wavelength of 83 days over 15 iterations since February 2022. Currently troughing.
ΣL Cycle Summary
Once again the metronome that is USDCAD locks back into rhythm after a somewhat tricky short from the peaks earlier this year. The phase is now at the latest trough iteration and there is little reason to believe this cycle is not still fully influential in price action. The next peak is slated for mid June with the minimal frequency modulation one can expect from this sublime feature.
Trade Update
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 - USDCAD 7th April 2025
Entry: 7th April 2025 @ 1.4249
Exit: 6th May 2025 @ 1.3822
Gain: 3.00%