Cycle Trading

The dollar’s daily cycle peaked on day 2 and broke below the previous daily cycle low on day 7 producing a failed daily cycle.

The dollar appears to be in the process of setting the declining cycle trend line.
Once a swing high is formed, that will likely set the declining cycle trend line.
A break below 79.42 forms a swing high.

The dollar closing lower today was not lost on the commodities

Today is likely 2 of the new daily gold cycle.
Gold still needs to break above the declining cycle trend line to confirm a new daily cycle.

As gold printed a higher high on Wednesday, so did the Miners

Today was likely day 3 of the new daily cycle for the Miners, but they still have work to do.
A break above the declining cycle trend line is needed to confirm a new daily cycle.

Palladium looked bullish today.

Palladium had a nice gain of 1.16% today.
It is worth noting that palladium has been leading gold since November and appears to be doing so again.

Palladium also appears to have broke above the declining cycle trend line in the after hours, again leading gold.

Oil also had a big day.

Oil closed above the 90 level for the first time since mid October.

Both palladium and oil may be sniffing out that fact that the dollar is toast …