Cycle Trading

The Dollar
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The dollar’s daily cycle peaked in mid April on day 11. It printed its lowest point on Wednesday, day 28. Which is possibly its daily cycle low.

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The dollar recovered on Thursday and delivered more bullish follow through on Friday. Being this late in the dollar’s timing band, a swing low now has a good likelihood of marking the daily cycle low. A break above 95.35 forms a swing low then a break of the declining trend line confirms the new daily cycle.

Stocks
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Stocks printed a bearish reversal on day 21. Then went on to lose the 50 day MA and breach the daily cycle trend line the previous Thursday, day 24. Volatility continued this week, seeing stocks print their lowest point Wednesday, since the day 21 peak.

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Stocks recovered Thursday and formed a daily swing low on Friday. A break above the day 21 high will confirm the new daily cycle.

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