ΣL US Dollar Composite - 18th January 2024 | @ 79 Days | + 0.09%
Last trade: + 0.09% | 'A' class signal detected in Sigma-L US Dollar Composite (EUR/GBP/CAD/AUD/JPY vs USD). Average wavelength of 79 days over 13 iterations since March 2021. Currently troughing.
ΣL Cycle Summary
The latest down leg iteration for our dollar pair composite has been largely mild, with the Yen outperforming and the Euro remaining strong. Indeed the Yen has the most volatility and subsequently well defined visual clarity for this periodic feature. The overall shape of the component across the composite is bullish with a right translated peak evident. Now upgraded to a ‘A’ category signal due to it’s outstanding stationarity over a long sample, the wave is troughing shortly.
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 post for this instrument, linked below.
Type: Sell - ΣL US Dollar Composite 8th December 2023
Entry: 8th December, 2023
Exit: 18th January, 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:
JPYUSD (2.25%)
AUDUSD (0.83%)
CADUSD (-0.41%)
GBPUSD (-0.96%)
EURUSD (-1.25%)
Composite Average Gain:
0.09%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: A - learn more
Average Wavelength: 79.13 Days
Completed Iterations: 13