ΣL Japanese Yen Composite - 11th March 2024 | @ 77 Days | + 0.22%

Last trade: + 0.22% | 'B' class signal: Sigma-L Japanese Yen Composite (GBP/EUR/CAD/AUD/USD vs JPY). Average wavelength of 77 days over 16 iterations since December 2020. Currently troughing

ΣL Cycle Summary

A fairly sideways down leg has typified this latest phase of the periodic component around 77 days in JPY pairs worldwide. Amongst our composite, the Canadian Dollar fell the most against the Yen, although that in itself was a negligible move in the grand scheme of things, considering the amplitude of the up leg from late December 2023 / early January 2024. The next peak looks to be late April at the current average wavelength.

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: Sell - ΣL Japanese Yen Composite 7th February 2024
Entry: 7th February, 2024
Exit: 11th March, 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:
CADJPY (1.20%)
USDJPY (1.11%)
AUDJPY (-0.10%)
EURJPY (-0.40%)
AUDJPY (-0.72%)

Composite Average Gain:
0.22%

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.