The dollar is early in its daily cycle and the News out of Europe gave the dollar all the reasons for a bullish break out of its consolidation, but it didn’t.
Despite these factors, the dollar was quite convincingly, rejected by the 80 level and printed a shooting star reversal candle.
The dollar just printed two back to back left translated daily cycles.
The previous daily cycle broke below the preceding daily cycle low, indicating an intermediate cycle decline has begun.
Now, with just a bit of weakness and the dollar will form a swing high.
Considering the weekly cycle peaked on week 2 and is currently on week 10, I think that a daily swing high here will likely mark the daily cycle peak and we can expect the dollar to reverse lower.
The dollar’s daily cycle averages 18 – 25 days from trough to trough, suggesting another 2 – 3 weeks of dollar downside.
Oil also looks like it printed a reversal
Oil has plummeted over the past 4sections
Oil needs just a bit of strength to form a daily swing low.
The weekly chart is in the timing for a low. Since oil printed a lower low this week, the earliest it can form a weekly swing low is next week.
Stocks look to also reverse its recent sell off.
Monday was day 19
Equities reversed off the rising trend line.
If the dollar cycle has topped, then I expect to see a bullish follow through with equities.
With the dollar eyeing another 13 to 20 days to decline, that would bring equities right into the heart of their timing band to seek a low.
By the way, another confirming bullish signal is that I received a FAS buy signal today.
Looks like we are setting up for another bullish leg up
Cycle Trading 
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