Cycle Trading

This daily cycle has now seen the CRB close convincingly above the 50 day MA. The last time that the CRB did this was back in June, 2014.

Today is day 20 for the CRB’s daily cycle. A new high on day 20 locks in a right translated nature to this daily cycle. After consecutive left translated failed daily cycles, this right translated cycle means that the CRB is in a new intermediate cycle.

It is no coincidence that the CRB emerging out of its intermediate cycle low as the dollar appears to be finally rolling over.

The dollar’s previous daily cycle peaked on day 13 at 100.72. This current daily cycle peaked on day 11 at 100.27, printing a lower high. Now with a swing high and a bearish zero line crossover on the TSI, the dollar is headed into its daily cycle low. And at day 14, the dollar appears to be threatening to breach the 50 day MA, which the dollar has not done since last July.