ΣL CAD Composite - 8th May 2024 | @ 166 Days | + 1.72%

Last trade: + 1.72% | 'B' class signal: Sigma-L Canadian Dollar Composite (USD/EUR/GBP/JPY vs CAD). Average wavelength of 166 days over 12 iterations since Sept 2018. Currently peaking

ΣL Cycle Summary

A fairly serene move up in the Canadian crosses here with what is ostensibly the 20 week nominal wave, if one wishes to use Hurst nomenclature. There is some power coming from higher frequencies recently, shown in the time frequency plot below and evident in the time series as increased volatility within the rise from February to now. Within our composite the Australian Dollar performed well with the British Pound bringing up the rear and a lesser gain over the trade period.

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: Buy - ΣL CAD Composite 23rd February 2024
Entry: 23rd February, 2024
Exit: 8th May, 2024

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.

Constituent Gain:
AUDCAD (2.53%)
USDCAD (2.21%)
EURCAD (1.41%)
GBPCAD (0.72%)

Composite Average Gain:
1.72%

Before and After

Signal comparison between our last report and the current time, in chart format.