ΣL US Dollar Composite - 8th December 2023 | @ 78 Days | + 2.75%
Last trade: + 2.75% | 'B' class signal detected in Sigma-L US Dollar Composite (EUR/GBP/CAD/AUD/JPY vs USD). Average wavelength of 78 days over 13 iterations since March 2021. Currently peaking.
ΣL Cycle Summary
Save for a difficult identification of the peak in late August (see below - time frequency plots), due to amplitude modulation from the larger component pushing down, this wave is superb. Narrowly missing an ‘A’ category ranking on Sigma-L it is highly consistent across multiple pairs, as shown below via a time domain average from our composite of major currency crosses. Due to trough in mid-late January 2024, a higher low against the trough in late October / early November may indicate a larger component low has occurred at that timepoint. Amongst the pairs, JPYUSD outperformed this time, thanks in part to the very recent increased in amplitude!
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: Buy - ΣL US Dollar Composite 3rd November 2023
Entry: 3rd November, 2023
Exit: 8th December, 2023
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 (4.88%)
GBPUSD (3.08%)
AUDUSD (2.79%)
EURUSD (1.71%)
CADUSD (1.28%)
Composite Average Gain:
2.75%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 78.22 Days
Completed Iterations: 13