The dollar’s daily cycle peaked on Thursday, day 19. Thursday also saw the dollar print a huge bearish reversal signaling its decline into a daily cycle low. The strength of the reversal forced us to consider the possibility of the dollar breaking below the 50 MA during this daily cycle decline. And closing below the 50 day MA keeps the door open for a continue decline into a lower, three year low.
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However the dollar did not deliver any bearish follow through on Friday. In fact the dollar had a narrow range that made a lower low. That eases the parameters for forming a swing low. Friday was day 20 and is in the timing band for printing a daily cycle low. A break above 80.56 forms a swing low.
Emerging form a three year cycle low should be incredibly bullish for the dollar and it would not be uncharacteristic to form a daily cycle low to form here. A swing low and regaining the 200 day MA would signal a new daily cycle. A break to new highs would confirm a new daily cycle.
Stocks
After a brief pause last weeks stocks broke out higher on Wednesday and continued higher through Friday.
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Friday was day 38 for the daily equity cycle. Stocks are well into their timing band to print a daily cycle low. Stocks have locked in a right translated nature to the current daily cycle. Therefore our cyclical expectation is to see a brief decline into a daily cycle low. That should be followed by a daily cycle that prints a higher daily cycle high. Once stocks begin their daily cycle decline we should see stocks break below the daily cycle trend line before printing the daily cycle low.
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Cycle Trading 
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