USDCAD - 7th April 2025 | @ 84 Days | + 0.73%
Last trade: + 0.73% | 'B' class signal detected in USDCAD. Running at an average wavelength of 84 days over 14 iterations since February 2022. Currently peaking.
ΣL Cycle Summary
The metronome in USDCAD continues to beat away, this latest iteration peaking from what looks to be a flat overall cycle so far. Interspersed within this wave is some higher frequency power resulting from news events and so forth, this does not affect the timing of the larger cycle around 80 days here. Price action has kindly retraced back up into the range following the tariff news, offering traders another bite at the cherry to short, based on the phasing evidence presented below.
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: Buy - USDCAD 18th February 2025
Entry: 18th February 2025 @ 1.4189
Exit: 7th April 2025 @ 1.4293
Gain: 0.73%