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Cycle Trading

The 5/19/15 Morning Update

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The dollar is delivering more bullish follow through.

1 $$$

The dollar printed its lowest point Thursday, following the day 11 peak. A swing low formed on Friday. The bullish follow through on Monday tested the declining trend line. This morning the dollar has broke above the declining trend line confirming today as day 3 for the new daily cycle.

As the dollar rallies we can expect stocks to follow suit while gold & oil weaken.

One response to “The 5/19/15 Morning Update”

  1. larryzb Avatar
    larryzb

    The dollar is measured against the Euro, thus the “strength” of the dollar is relative to an even weaker currency.

    Reply

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