Cycle Trading

The dollar did form a higher high Monday on what is likely day 2 for the dollar’s new daily cycle.

The dollar needs to break above the declining trend line to confirm a new daily cycle.

Today’s uninspired performance from the dollar reminds me that that this is only week 17 for the dollar’s intermediate cycle.

We will need to keep an open mind to the possibility that the dollar prints another left translated daily cycle to stretch the intermediate cycle out to week 22 or 23.

Gold’s daily cycle may be giving us a hint that the dollar may still print one more daily cycle to the intermediate cycle.

Gold printed a reversal on Monday, which is day 25 for gold’s daily cycle.
Gold normally prints a lower ever 18 – 28 days.

A possible scenario would be for gold to bottom by Thursday, day 28.

A left translated daily cycle in the dollar peaking by day 4 would certainly be congruent with gold printing a day 28, daily cycle low.

Now, I wonder what could possibly cause the dollar to roll over by day 4 …