USDCAD - 16th July 2025 | @ 83 Day Cycle | + 0.15%
Last trade: + 0.15% | 'B' class signal detected in USDCAD. Running at an average cycle wavelength of 83 days over 17 iterations since December 2021. Currently troughing.
ΣL Cycle Summary
The metronome in USDCAD continues to mildly degrade, featuring a frequency modulation, which is likely transitory, to a faster cycle. We show below with a composite of USDCAD and USDCHF that this modulation is isolated to USDCAD only and the stronger commonality is tied to the ~ 80 day cycle. Traders may wish to opt for a long in USDCHF for the higher amplitude, given it displays the very strong 80 day cycle in almost as much clarity as USDCAD. The latest down leg was largely a sideways affair, indicating some bullish influence from a larger component may be starting to push up. The current phase is indicating we are in the troughing zone for the ~ 80 day cycle and should look to bullish price action over the coming month. Bulls will be hoping for a repeat of the up leg in September 2024, which has distinct similarities.
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 20th June 2025
Entry: 20th June 2025 @ 1.3729
Exit: 16th July 2025 @ 1.3708
Gain: 0.15%