ΣL CAD Composite - 23rd February 2024 | @ 167 Days | + 0.41%

Last trade: + 0.41% | 'B' class signal: Sigma-L Canadian Dollar Composite (USD/EUR/GBP/JPY vs CAD). Average wavelength of 167 days over 12 iterations since Sept 2018. Currently troughing

ΣL Cycle Summary

This wave peaked in November - December 2023, establishing a slightly right translated price peak and subsequently fell through January and February 2024, with variance amongst constituents. USDCAD has once again outperformed (on the short side, as per last trade), falling further, with GBPUSD maintaining a stronger bullish shape into this forthcoming low. The signal has been consistently stationary throughout the sample with some mild amplitude modulation creeping in recently, ostensibly caused by power at the higher frequency components, shown below. The next peak of this component is due early May 2024.

Trade Update

See also: Live ΣL Portfolio & History

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: Early Sell - ΣL CAD Composite 31st October 2023
Entry: 31st October, 2023
Exit: 23rd February, 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:
USDCAD (2.83%)
EURCAD (0.94%)
AUDCAD (-0.45%)
GBPCAD (-1.69%)

Composite Average Gain:
0.41%

Before and After

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

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.