USDCAD - 4th September 2024 | @ 82 Days
'A' class signal detected in USDCAD. Running at an average wavelength of 82 days over 12 iterations since February 2022. Currently troughing.
ΣL Cycle Summary
This excellent cycle, featured many times on Sigma-L, has recently lost some of it’s power to dictate price action but remains a tremendously stable signal below the 100 day mark. The last peak was exuberant, taking liquidity above the highs of November 2023 before falling back to the burgeoning trough we see detailed here. There is a larger wave to be aware of at around 150-160 days average wavelength, phased as being down at the time of writing, so the move back up here could feature a price peak that is left translated (early relative to the cycle peak).