ΣL Japanese Yen Composite - 3rd January 2024 | @ 77 Days | + 3.32%
Last trade: + 3.32% | 'B' class signal: Sigma-L Japanese Yen Composite (GBP/EUR/CAD/AUD/USD vs JPY). Average wavelength of 76 days over 15 iterations since January 2021. Currently troughing.
ΣL Cycle Summary
This signal, now upgraded to a ‘B’ category, produced a textbook short after peaking around the end of November 2023. Running at an average wavelength of around 76 days at the current phasing it is fairly stationary and should be treated with significance. Amongst constituents in our composite, GBPJPY once again outperformed with it’s increased amplitude (volatility) proving beneficial. The next peak of this component is due late January/early February.
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 Japanese Yen Composite 30th November 2023
Entry: 30th November, 2023
Exit: 3rd 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:
GBPJPY (4.28%)
USDJPY (4.23%)
EURJPY (3.73%)
CADJPY (2.51%)
USDJPY (1.86%)
Composite Average Gain:
3.32%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 75.89 Days
Completed Iterations: 15