Cycle Trading

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The dollar has formed a swing low and is now on day 6 for this new daily cycle.

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This is week 17 for the intermediate dollar cycle. Allowing 4 to 5 weeks for this daily cycle to conclude will take the weekly cycle right into its timing band for an intermediate cycle low. Therefore our expectation is to see this daily cycle form as a left translated cycle. Which means that the dollar should form a swing high any day and being its cycle decline.

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The Miners printed a lower low today stretching the daily cycle count out to day 38. Even though this is forming as an extened daily cycle, it is forming as a right translated cycle. A swing low will likely mark the daily cycle low. A break above 21.40 forms a swing low. A declining trend line break will confirm a new daily cycle .

The potential exists for the dollar to begin its intermediate cycle decline just as the Miners are “due” to rally out of a daily cycle low.