Cycle Trading

The dollar continued its daily cycle decline this week. It lost the 200 MA on Wednesday and back tested the 200 MA on Thursday.

Friday the dollar formed a swing low off the Thursday candle but still closed below the 200 MA. Friday could potentially be day 1 of a new daily cycle. A close above the 200 MA would signal Thursday as the daily cycle low.

If Thursday turns out to be the daily cycle low, then that would mean the dollar formed a right translated daily cycle. And that daily cycle would be the first daily cycle of a new intermediate cycle.

If the dollar continues lower, then Friday is day 18, leaving up to two weeks for the dollar to find is daily cycle low within its normal timing band.

Stocks

Stocks broke above the declining daily cycle trend line on Monday to confirm a new daily cycle. Stocks continued higher until stalling at the 1690 level.

If this daily cycle is to form as a left translated daily cycle, then it will need to find its cycle peak within the next 9 sessions.

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