The dollar is still in an uptrend because this daily cycle for the dollar did not fail. This dollar daily cycle did form as a right translated cycle. Right translated cycles are generally followed by then next cycle printing a higher high.
The dollar’s daily cycle peaked on day 13. It printed a bullish reversal on Thursday, day 21. The dollar printed a swing low on Friday. Today’s clear and convincing trend line break confirms a new daily cycle. And a new daily cycle for the dollar is a signal that gold has begun its daily cycle decline.
The daily gold cycle peaked on day 7 as it tagged the 50 day MA. Gold formed a clear and convincing swing high and also printed a bearish TSI crossover, both signaling a daily cycle decline. A peak on day 7 typically forms as a left translated cycle. Since gold has not successfully broken out of its intermediate cycle decline, it is still in a pattern of printing lower highs and lower lows …
Cycle Trading 
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