USDCAD - 18th February 2025 | @ 83 Days | + 1.36%
Last trade: + 1.36% | 'B' class signal detected in USDCAD. Running at an average wavelength of 83 days over 14 iterations since February 2022. Currently troughing.
ΣL Cycle Summary
A great example of news events (tariffs and so forth) causing a transitory increase in power at higher frequencies here in USDCAD. In this case it was a bullish increase, causing a spike up and subsequent collapse back into the phase of the main cycle of focus around 80 days. Whilst a transitory move of this magnitude is quite rare in USDCAD, it would have been an excellent shorting opportunity intraday for the keen cycle analyst, having known the phase of the ~ 80 day cycle is hard down. As the power and frequency of this wave has been so stationary, the chances of sustained modulation by a smaller (yet briefly dominant) component are low. We now approach the next trough of this excellent cycle, a dominant cyclic component for many years below wavelengths at less than 100 days.
Trade Update
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 - USDCAD 6th January 2025
Entry: 6th January 2025 @ 1.43925
Exit: 18th February 2025 @ 1.41971
Gain: 1.36%